Crew Capital Management Ltd. Has $849,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Crew Capital Management Ltd. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,994 shares of the business services provider’s stock after buying an additional 569 shares during the quarter. Crew Capital Management Ltd.’s holdings in Copart were worth $849,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Western Pacific Wealth Management LP raised its stake in Copart by 6.5% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,838 shares of the business services provider’s stock worth $161,000 after purchasing an additional 173 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock worth $577,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. raised its stake in Copart by 13.1% in the 1st quarter. Blue Trust Inc. now owns 1,510 shares of the business services provider’s stock worth $85,000 after purchasing an additional 175 shares in the last quarter. Sandy Spring Bank raised its stake in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Finally, Western Wealth Management LLC raised its stake in Copart by 4.0% in the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider’s stock worth $282,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.68% of the company’s stock.

Copart Trading Up 0.4%

Shares of Copart stock opened at $49.29 on Friday. The firm has a market capitalization of $47.66 billion, a PE ratio of 32.42 and a beta of 1.07. The firm’s 50 day moving average is $54.28 and its 200 day moving average is $56.07. Copart, Inc. has a 1 year low of $47.33 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share 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.