Bancreek Capital Management LP Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

According to the latest 13F filing by the Securities and Exchange Commission, (SEC), ) increased by 107.2% in the fourth quarter. After purchasing 51,135 additional shares, the firm now owns 98,822 of the stock of the business service provider. Bancreek Capital Management LP holds Copart at 4.9%, which makes it its third largest stock. Bancreek Capital Management LP held Copart for $6,017,000 as of the latest quarter.

Hedge funds and other institutional investors have recently changed their positions in the company. Ethic Inc. increased their holdings in Copart in the third quarter by 124.4%. Ethic Inc. owns 18,627 of the stock of the business service provider valued at $1.982,000, after purchasing an additional 10,327 during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Copart shares by 1,446.9% during the 4th Quarter. Migdal Insurance & Financial Holdings Ltd. owns 758 of the stock in the business services provider, valued at $46,000. This is after purchasing an additional 709 stocks during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Copart shares by 99.4% during the fourth quarter. Oregon Public Employees Retirement Fund owns 72.965 shares worth $4.443,000 of the stock of the business service provider after purchasing 36.367 additional shares in the fourth quarter. TD Asset Management Inc increased its stake in Copart shares by 120.5% during the fourth quarter. TD Asset Management Inc owns 432 615 shares of Copart's stock, worth $26,342,000. This is after purchasing an additional 236,381 in the last quarter. SVB Wealth LLC also purchased shares of Copart during the third quarter, worth $321,000 In a deal dated February 22, 30,000 shares were sold. The shares were purchased at an average price $69.36 for a total of $2,080800.00. Insiders hold 11.19% the stock of their company.

Copart Stocks Up by 0.8 %

The price of the stock rose $0.65 to $78.88 on Friday. The company's average trading volume is 1,931,357 shares. Copart, Inc.'s one-year low is $51.10, and its one-year high is $80.08. The company has a simple moving-average of $73.80 for the last fifty days and $66.67 for the past two hundred. The market cap is $37.59 billion. It has a P/E of 34.77, and a beta value of 1.23.

The last time ) released its quarterly earnings was on February 21st. The business services provider beat analysts' expectations of $0.56 per share by $0.05. Copart's net margin was 29.45%, and its return on equity was 22.93%. The company's revenue for the quarter was $956.72 millions, which is higher than analyst expectations of $934.36. In the same quarter of last year, Copart posted $0.55 in earnings per share. Analysts expect Copart, Inc. to post an average of 2.34 earnings per shares for the current fiscal year.

Wall Street analysts weigh in

In a research report published on Thursday 16th March, Copart shares were covered. They gave the company a rating of 'buy.' Northcoast Research downgraded shares of Copart on Monday from a "buy" rating to a "neutral" rating. Stephens reiterated an 'overweight rating' and set a price target of $78.00 on shares Copart in a note published on February 21st. Robert W. Baird raised their price target for shares of Copart to $78.00 in a research report on Wednesday, 22nd. The stock was also given an 'outperform rating'. Guggenheim raised their price target for shares of Copart on Wednesday, 22nd February from $75.00 up to $82.00. The stock was given a "buy" rating. Four analysts have given the stock a buy rating, while one has assigned the stock a hold. According to MarketBeat.com the stock has a current average rating of "Moderate Buy" and a consensus target price of $79.33.

Copart

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Copart, Inc. provides online auctions as well as vehicle remarketing. Copart, Inc. offers a variety of services to process and sell vehicles online through its Virtual Bidding Third Generation Internet Auction-style Sales Technology on behalf of vehicle owners, insurance companies and banks, charities and fleet operators, dealers and individual owners.

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