Duncker Streett & Co. Inc. Acquires 1,886 Shares of Copart, Inc. (NASDAQ:CPRT)

Duncker Streett & Co. Inc. lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 139,118 shares of the business services provider’s stock after buying an additional 1,886 shares during the period. Copart makes up about 1.5% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 13th largest position. Duncker Streett & Co. Inc.’s holdings in Copart were worth $7,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart in the 3rd quarter worth approximately $33,000. True Wealth Design LLC lifted its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Copart in the 4th quarter worth approximately $54,000. Finally, Continuum Advisory LLC lifted its stake in shares of Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.8 %

NASDAQ CPRT opened at $54.80 on Friday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The stock has a market cap of $52.80 billion, a price-to-earnings ratio of 36.78 and a beta of 1.33. The company’s 50 day moving average is $57.62 and its two-hundred day moving average is $55.89.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping 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 analysts’ expectations of $1.13 billion. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 398,790 shares of company stock worth $23,161,540. Company insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Copart

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.