Bensler LLC Has $11.50 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Bensler LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,292 shares of the business services provider's stock after selling 8,801 shares during the period. Copart comprises 1.4% of Bensler LLC's holdings, making the stock its 23rd largest holding. Bensler LLC's holdings in Copart were worth $11,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Rockland Trust Co. lifted its stake in Copart by 0.9% in the 1st quarter. Rockland Trust Co. now owns 264,955 shares of the business services provider's stock valued at $14,994,000 after purchasing an additional 2,394 shares during the last quarter. Union Bancaire Privee UBP SA lifted its stake in Copart by 80.3% in the 1st quarter. Union Bancaire Privee UBP SA now owns 24,281 shares of the business services provider's stock valued at $1,293,000 after purchasing an additional 10,815 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in Copart in the 1st quarter valued at approximately $250,000. Fifth Third Bancorp lifted its stake in Copart by 1.9% in the 1st quarter. Fifth Third Bancorp now owns 59,575 shares of the business services provider's stock valued at $3,371,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Copart by 4.5% in the 1st quarter. Simon Quick Advisors LLC now owns 54,877 shares of the business services provider's stock valued at $3,105,000 after purchasing an additional 2,339 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPRT. JPMorgan Chase & Co. dropped their price objective on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Argus cut shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last three months. 9.68% of the stock is owned by company insiders.

Copart Stock Down 2.8%

NASDAQ CPRT traded down $1.40 on Friday, hitting $48.59. The company's stock had a trading volume of 8,554,170 shares, compared to its average volume of 4,755,459. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company's 50-day moving average is $57.70 and its 200 day moving average is $57.61. The firm has a market cap of $46.98 billion, a PE ratio of 32.61 and a beta of 1.10.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $0.39 earnings per share. Copart's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.