Copart, Inc. $CPRT Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,522,605 shares of the business services provider’s stock after selling 19,261 shares during the quarter. Bessemer Group Inc.’s holdings in Copart were worth $158,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR lifted its stake in shares of Copart by 0.7% in the second quarter. Stephens Inc. AR now owns 30,312 shares of the business services provider’s stock valued at $1,487,000 after purchasing an additional 218 shares during the period. Allworth Financial LP increased its holdings in Copart by 0.8% in the second quarter. Allworth Financial LP now owns 28,978 shares of the business services provider’s stock valued at $1,422,000 after buying an additional 228 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Copart by 15.4% during the 2nd quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 232 shares during the period. PDS Planning Inc lifted its position in shares of Copart by 4.9% during the 3rd quarter. PDS Planning Inc now owns 5,196 shares of the business services provider’s stock valued at $234,000 after acquiring an additional 242 shares during the period. Finally, Hollencrest Capital Management boosted its stake in shares of Copart by 13.2% during the 3rd quarter. Hollencrest Capital Management now owns 2,088 shares of the business services provider’s stock worth $94,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other news, Director Thomas N. Tryforos sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the transaction, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at $2,248,314.90. The trade was a 30.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Barclays restated an “underweight” rating and issued a $33.00 price target (up previously from $32.00) on shares of Copart in a research report on Friday, November 21st. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. lowered their price objective on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, Robert W. Baird cut their target price on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Copart presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

Copart Price Performance

NASDAQ CPRT opened at $40.16 on Thursday. The company has a market cap of $38.88 billion, a P/E ratio of 24.49 and a beta of 1.08. The company has a 50-day moving average of $39.53 and a 200-day moving average of $43.21. Copart, Inc. has a 12 month low of $37.41 and a 12 month high of $63.85.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. Copart’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

About Copart

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.