Bensler LLC Has $12.17 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Bensler LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 212,093 shares of the business services provider’s stock after buying an additional 12,215 shares during the quarter. Copart comprises about 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 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Jensen Investment Management Inc. increased its holdings in 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 valued at $185,299,000 after buying an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. increased its holdings in 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 valued at $192,240,000 after buying an additional 3,016,795 shares during the period. Franklin Resources Inc. increased its holdings in Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after buying an additional 2,084,626 shares during the period. Comgest Global Investors S.A.S. increased its holdings in 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 valued at $83,153,000 after buying an additional 1,390,146 shares during the period. Finally, Kimelman & Baird LLC bought a new position in Copart in the 2nd quarter valued at about $70,307,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Trading Up 0.1 %

CPRT opened at $57.67 on Tuesday. The company’s 50 day moving average is $59.12 and its 200-day moving average is $54.85. Copart, Inc. has a 1-year low of $47.73 and a 1-year high of $64.38. The company has a market cap of $55.57 billion, a P/E ratio of 40.61 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting 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 firm’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% of the company’s stock.

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.