Benchmark Investment Advisors LLC Has $1.54 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Benchmark Investment Advisors LLC lessened its position in Copart, Inc. (NASDAQ:CPRTFree Report) by 31.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,786 shares of the business services provider’s stock after selling 12,427 shares during the period. Copart accounts for about 1.0% of Benchmark Investment Advisors LLC’s portfolio, making the stock its 27th biggest holding. Benchmark Investment Advisors LLC’s holdings in Copart were worth $1,537,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after buying an additional 976,909 shares during the period. Principal Financial Group Inc. grew its holdings in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after acquiring an additional 941,858 shares during the last quarter. State Street Corp increased its position in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after acquiring an additional 120,939 shares during the period. Edgewood Management LLC raised its stake in shares of Copart by 14.1% during the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider’s stock valued at $1,346,548,000 after acquiring an additional 2,907,405 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred 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. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Read Our Latest Stock Report on Copart

Copart Price Performance

Shares of CPRT stock opened at $54.51 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The business’s 50 day simple moving average is $56.23 and its 200 day simple moving average is $56.42. The stock has a market capitalization of $52.66 billion, a PE ratio of 36.58 and a beta of 1.22.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 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 analyst estimates of $1.13 billion. As a group, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRTFree Report).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.