Bensler LLC Has $10.50 Million Stock Holdings in Copart, Inc. $CPRT

Bensler LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 233,379 shares of the business services provider’s stock after acquiring an additional 20,923 shares during the period. Bensler LLC’s holdings in Copart were worth $10,495,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after buying an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Copart by 365.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Copart by 7.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 125,268 shares of the business services provider’s stock valued at $6,146,000 after purchasing an additional 8,890 shares in the last quarter. ORG Partners LLC boosted its position in Copart by 126.0% in the second quarter. ORG Partners LLC now owns 1,060 shares of the business services provider’s stock valued at $52,000 after buying an additional 591 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in Copart by 10.4% during the second quarter. V Square Quantitative Management LLC now owns 15,530 shares of the business services provider’s stock worth $762,000 after buying an additional 1,464 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Up 0.3%

CPRT opened at $41.54 on Tuesday. The stock has a market capitalization of $40.21 billion, a P/E ratio of 25.33 and a beta of 1.10. Copart, Inc. has a 12 month low of $37.41 and a 12 month high of $63.85. The firm’s fifty day simple moving average is $39.54 and its 200 day simple moving average is $43.50.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. Copart’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Thomas N. Tryforos sold 100,000 shares of the company’s 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 is accessible through this link. Also, CEO Jeffrey Liaw sold 25,137 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total value of $1,009,753.29. Following the completion of the sale, the chief executive officer directly owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. The trade was a 30.99% decrease in their position. The SEC filing for this sale provides additional information. 9.60% of the stock is owned by company insiders.

Copart Profile

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.