Bessemer Group Inc. Has $159.13 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Bessemer Group Inc. decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,812,017 shares of the business services provider's stock after selling 13,931 shares during the quarter. Bessemer Group Inc. owned about 0.29% of Copart worth $159,131,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. grew its position in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service lifted its holdings in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after purchasing an additional 48,334 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Copart by 289.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after acquiring an additional 25,512 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Copart during the first quarter worth $604,000. Finally, Tsai Capital Corp increased its stake in Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after buying an additional 7,230 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPRT. Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd.

Copart Stock Down 1.0%

Shares of CPRT traded down $0.51 during trading hours on Wednesday, hitting $48.14. The company had a trading volume of 4,288,032 shares, compared to its average volume of 4,890,148. The business has a fifty day moving average of $56.10 and a 200-day moving average of $56.76. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 31.67 and a beta of 1.10. Copart, Inc. has a 12 month low of $47.33 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is available at this link. 9.68% of the stock is currently owned by insiders.

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.