Bensler LLC Boosts Stake in Copart, Inc. (NASDAQ:CPRT)

Bensler LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,878 shares of the business services provider's stock after purchasing an additional 11,692 shares during the quarter. Copart makes up about 1.3% of Bensler LLC's holdings, making the stock its 26th biggest position. Bensler LLC's holdings in Copart were worth $10,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Optimum Investment Advisors lifted its position in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after purchasing an additional 300 shares during the period. Eastern Bank acquired a new stake in shares of Copart in the third quarter valued at approximately $29,000. Crewe Advisors LLC lifted its stake in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after buying an additional 280 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock worth $32,000 after buying an additional 492 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

Shares of CPRT traded up $0.54 during trading hours on Friday, hitting $56.31. The stock had a trading volume of 1,109,371 shares, compared to its average volume of 4,415,112. The company's fifty day simple moving average is $52.38 and its 200 day simple moving average is $53.02. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $58.58. The firm has a market cap of $54.25 billion, a P/E ratio of 40.12 and a beta of 1.27.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.34 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their target price on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th.

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.