Duncan Williams Asset Management LLC Has $861,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Duncan Williams Asset Management LLC lessened its position in Copart, Inc. (NASDAQ:CPRT) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,007 shares of the business services provider’s stock after selling 430 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Copart were worth $861,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Public Sector Pension Investment Board increased its position in Copart by 68.5% during the second quarter. Public Sector Pension Investment Board now owns 34,840 shares of the business services provider’s stock worth $1,887,000 after acquiring an additional 14,158 shares during the period. APG Asset Management N.V. increased its stake in shares of Copart by 16.2% in the second quarter. APG Asset Management N.V. now owns 717,870 shares of the business services provider’s stock valued at $36,277,000 after buying an additional 100,334 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in shares of Copart in the second quarter worth $258,000. MBB Public Markets I LLC acquired a new stake in shares of Copart in the second quarter valued at about $3,250,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Copart by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 535,537 shares of the business services provider’s stock valued at $29,006,000 after purchasing an additional 1,748 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of CPRT stock opened at $57.70 on Friday. The company has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. The business’s fifty day moving average is $59.10 and its 200 day moving average is $54.82. Copart, Inc. has a 52-week low of $47.73 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

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.