Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Bensler LLC

Bensler LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,878 shares of the business services provider’s stock after purchasing an additional 11,692 shares during the quarter. Copart accounts for 1.3% of Bensler LLC’s investment portfolio, making the stock its 26th biggest holding. Bensler LLC’s holdings in Copart were worth $10,474,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors grew its position in shares of 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 last quarter. Eastern Bank purchased a new stake in Copart in the 3rd quarter valued at approximately $29,000. Crewe Advisors LLC grew its holdings in Copart by 98.6% during 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 during the last quarter. Meeder Asset Management Inc. increased its position in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Performance

Shares of CPRT opened at $55.77 on Friday. Copart, Inc. has a 1 year low of $46.20 and a 1 year high of $58.58. The company’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $53.02. The company has a market capitalization of $53.73 billion, a price-to-earnings ratio of 40.12 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock 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.