Bancreek Capital Management LP Sells 51,414 Shares of Copart, Inc. (NASDAQ:CPRT)

Bancreek Capital Management LP lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 30.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 118,899 shares of the business services provider’s stock after selling 51,414 shares during the quarter. Copart comprises about 6.7% of Bancreek Capital Management LP’s holdings, making the stock its 5th biggest position. Bancreek Capital Management LP’s holdings in Copart were worth $6,824,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sandy Spring Bank lifted its position in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the last quarter. Cadence Bank raised its stake in shares of Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 178 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 184 shares in the last quarter. Everpar Advisors LLC lifted its holdings in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after purchasing an additional 200 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Down 0.4 %

Shares of Copart stock opened at $53.63 on Friday. The company has a market cap of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company’s fifty day simple moving average is $56.43 and its 200-day simple moving average is $55.99.

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

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 415,480 shares of company stock valued at $23,407,983 in the last 90 days. 9.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Copart Company 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.