Copart, Inc. (NASDAQ:CPRT) Shares Bought by Crew Capital Management Ltd.

Crew Capital Management Ltd. lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 179.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,425 shares of the business services provider's stock after purchasing an additional 9,261 shares during the quarter. Crew Capital Management Ltd.'s holdings in Copart were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after buying an additional 941,858 shares during the period. State Street Corp boosted its stake in Copart by 0.4% during the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after buying an additional 120,939 shares during the period. Edgewood Management LLC boosted its stake in Copart by 0.6% during the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock worth $1,077,119,000 after buying an additional 125,220 shares during the period. Bank of New York Mellon Corp boosted its stake in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after buying an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock worth $979,547,000 after buying an additional 291,580 shares during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

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Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Performance

Shares of CPRT traded up $0.01 during mid-day trading on Friday, hitting $53.74. 5,259,723 shares of the company's stock were exchanged, compared to its average volume of 4,083,762. The company has a market cap of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock's 50-day moving average is $57.25 and its 200-day moving average is $55.94.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Copart Profile

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.