Copart, Inc. (NASDAQ:CPRT) Shares Bought by Bancreek Capital Management LP

Bancreek Capital Management LP boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,313 shares of the business services provider's stock after buying an additional 16,009 shares during the period. Copart accounts for approximately 5.6% of Bancreek Capital Management LP's portfolio, making the stock its 7th biggest holding. Bancreek Capital Management LP's holdings in Copart were worth $8,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors increased its position in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank purchased a new stake in shares of Copart during the third quarter worth approximately $29,000. Crewe Advisors LLC lifted its holdings in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock worth $31,000 after purchasing an additional 280 shares during the period. Meeder Asset Management Inc. grew its position in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock valued at $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock valued at $32,000 after buying an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Performance

NASDAQ:CPRT traded up $0.76 during trading hours on Wednesday, hitting $57.94. The company's stock had a trading volume of 1,439,661 shares, compared to its average volume of 4,396,159. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $58.58. The business's 50-day moving average is $52.59 and its two-hundred day moving average is $53.04. The company has a market capitalization of $55.82 billion, a PE ratio of 41.58 and a beta of 1.27.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th.

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.