Copart, Inc. $CPRT Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 62.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,221 shares of the business services provider’s stock after selling 23,560 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Copart were worth $472,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB lifted its position in shares of Copart by 4.1% in the 4th quarter. Nordea Investment Management AB now owns 798,087 shares of the business services provider’s stock valued at $31,353,000 after acquiring an additional 31,658 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Copart by 14.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock worth $11,076,000 after purchasing an additional 41,060 shares in the last quarter. ABN Amro Investment Solutions raised its stake in Copart by 82.5% during the 4th quarter. ABN Amro Investment Solutions now owns 199,794 shares of the business services provider’s stock valued at $7,822,000 after purchasing an additional 90,339 shares during the period. Davidson Kahn Capital Management LLC lifted its holdings in shares of Copart by 56.3% in the fourth quarter. Davidson Kahn Capital Management LLC now owns 100,151 shares of the business services provider’s stock valued at $3,921,000 after purchasing an additional 36,091 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Copart by 193.6% in the third quarter. Gotham Asset Management LLC now owns 944,876 shares of the business services provider’s stock valued at $42,491,000 after purchasing an additional 623,012 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Up 0.1%

CPRT opened at $29.27 on Wednesday. The stock has a fifty day moving average price of $31.62 and a 200 day moving average price of $35.09. Copart, Inc. has a 1 year low of $27.84 and a 1 year high of $50.11. The stock has a market cap of $27.10 billion, a price-to-earnings ratio of 18.18 and a beta of 1.02.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $0.42 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday, May 22nd. Finally, Freedom Capital upgraded Copart to a “strong-buy” rating in a report on Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the sale, the chief executive officer directly owned 79,532 shares of the company’s stock, valued at $2,638,871.76. The trade was a 24.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.60% of the stock is owned by corporate insiders.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.