Crew Capital Management Ltd. Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Crew Capital Management Ltd. purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,164 shares of the business services provider’s stock, valued at approximately $271,000.

Several other institutional investors also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors increased its holdings in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after buying an additional 234 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Copart by 283.3% in the second 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 in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Copart by 477.7% in the second 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 in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

CPRT traded down $1.25 during trading on Monday, reaching $52.63. 1,706,470 shares of the stock were exchanged, compared to its average volume of 4,490,658. The business’s 50 day moving average price is $52.22 and its two-hundred day moving average price is $53.29. The company has a market capitalization of $50.65 billion, a price-to-earnings ratio of 37.94 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.

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.