Crown Oak Advisors LLC Purchases 4,610 Shares of Copart, Inc. $CPRT

Crown Oak Advisors LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 179,527 shares of the business services provider’s stock after acquiring an additional 4,610 shares during the quarter. Copart accounts for 4.2% of Crown Oak Advisors LLC’s portfolio, making the stock its 11th largest position. Crown Oak Advisors LLC’s holdings in Copart were worth $8,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cloud Capital Management LLC bought a new stake in Copart during the 1st quarter worth approximately $26,000. Atticus Wealth Management LLC purchased a new position in Copart in the 2nd quarter worth approximately $31,000. Accent Capital Management LLC bought a new position in Copart in the 1st quarter worth approximately $36,000. Financial Network Wealth Advisors LLC grew its holdings in Copart by 152.6% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 783 shares of the business services provider’s stock valued at $44,000 after buying an additional 473 shares in the last quarter. Finally, SouthState Corp bought a new stake in shares of Copart during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Liaw sold 24,088 shares of Copart stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares in the company, valued at approximately $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 0.0%

Shares of NASDAQ:CPRT opened at $44.87 on Friday. Copart, Inc. has a 12 month low of $44.67 and a 12 month high of $64.38. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 28.04 and a beta of 1.03. The firm’s 50-day moving average is $47.12 and its 200 day moving average is $51.91.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

CPRT has been the subject of several research reports. HSBC set a $62.00 price objective on shares of Copart and gave the company a “buy” rating in a report on Thursday, September 4th. Stephens dropped their price target on Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Robert W. Baird lowered their target price on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Copart presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.