Copart, Inc. $CPRT Position Increased by Bensler LLC

Bensler LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,379 shares of the business services provider’s stock after buying an additional 20,923 shares during the quarter. Bensler LLC’s holdings in Copart were worth $10,495,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CPRT. Tripletail Wealth Management LLC bought a new position in shares of Copart during the third quarter worth about $27,000. Creekmur Asset Management LLC grew its position in Copart by 1,063.0% in the 2nd quarter. Creekmur Asset Management LLC now owns 628 shares of the business services provider’s stock worth $31,000 after purchasing an additional 574 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Copart in the second quarter valued at approximately $31,000. Bank of Jackson Hole Trust raised its holdings in shares of Copart by 83.8% during the second quarter. Bank of Jackson Hole Trust now owns 735 shares of the business services provider’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, GFG Capital LLC acquired a new position in shares of Copart during the second quarter worth approximately $37,000. 85.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Copart Price Performance

Copart stock opened at $41.54 on Tuesday. Copart, Inc. has a fifty-two week low of $37.41 and a fifty-two week high of $63.85. The firm’s 50 day simple moving average is $39.54 and its 200-day simple moving average is $43.50. The company has a market cap of $40.21 billion, a P/E ratio of 25.33 and a beta of 1.10.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $40.17, for a total transaction 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 $2,248,314.90. This trade represents a 30.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 100,000 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is currently owned by company insiders.

Copart Company 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.