Bensler LLC Purchases 12,215 Shares of Copart, Inc. (NASDAQ:CPRT)

Bensler LLC lifted its position in Copart, Inc. (NASDAQ:CPRT) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 212,093 shares of the business services provider’s stock after acquiring an additional 12,215 shares during the quarter. Copart comprises approximately 1.4% of Bensler LLC’s portfolio, making the stock its 21st largest holding. Bensler LLC’s holdings in Copart were worth $12,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPRT. Jensen Investment Management Inc. grew its stake in shares of Copart by 2,466.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after acquiring an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after buying an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. boosted its holdings in shares of Copart by 706.6% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock worth $83,153,000 after buying an additional 1,390,146 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Copart in the 2nd quarter worth about $70,307,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.1 %

NASDAQ CPRT opened at $57.67 on Tuesday. The company has a market cap of $55.57 billion, a PE ratio of 40.61 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.73 and a 52 week high of $64.38. The firm’s 50-day simple moving average is $59.12 and its two-hundred day simple moving average is $54.85.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 over the last ninety days. Company insiders own 9.68% of the company’s stock.

About Copart

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.