Benchmark Investment Advisors LLC Sells 12,427 Shares of Copart, Inc. (NASDAQ:CPRT)

Benchmark Investment Advisors LLC cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,786 shares of the business services provider's stock after selling 12,427 shares during the quarter. Copart comprises 1.0% of Benchmark Investment Advisors LLC's investment portfolio, making the stock its 27th largest holding. Benchmark Investment Advisors LLC's holdings in Copart were worth $1,537,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CPRT. Sandy Spring Bank boosted its holdings in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Quarry LP bought a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at $52,000. Continuum Advisory LLC grew its position in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after acquiring an additional 452 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in Copart during the fourth quarter worth $54,000. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Copart

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.68% of the company's stock.

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Copart Trading Up 2.0 %

Shares of CPRT traded up $1.19 during trading hours on Friday, hitting $59.85. 3,221,058 shares of the stock traded hands, compared to its average volume of 4,381,443. The business has a fifty day moving average of $56.08 and a 200-day moving average of $56.58. The firm has a market capitalization of $57.82 billion, a PE ratio of 40.02 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart Company 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.