Duncker Streett & Co. Inc. Sells 23,560 Shares of Copart, Inc. $CPRT

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Montag A & Associates Inc. raised its holdings in Copart by 3.0% in the 1st quarter. Montag A & Associates Inc. now owns 232,244 shares of the business services provider’s stock worth $7,711,000 after acquiring an additional 6,656 shares during the period. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Copart in the first quarter valued at about $229,000. Koa Wealth Management LLC grew its position in shares of Copart by 102.0% in the first quarter. Koa Wealth Management LLC now owns 52,499 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 26,513 shares during the last quarter. Evergreen Private Wealth LLC increased its stake in shares of Copart by 50.1% in the first quarter. Evergreen Private Wealth LLC now owns 4,439 shares of the business services provider’s stock worth $147,000 after purchasing an additional 1,481 shares during the period. Finally, Sather Financial Group Inc increased its stake in shares of Copart by 100.0% in the first quarter. Sather Financial Group Inc now owns 13,812 shares of the business services provider’s stock worth $459,000 after purchasing an additional 6,906 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.1%

NASDAQ CPRT opened at $29.27 on Wednesday. The company has a market capitalization of $27.10 billion, a PE ratio of 18.18 and a beta of 1.02. The stock has a 50-day simple moving average of $31.62 and a 200 day simple moving average of $35.09. Copart, Inc. has a 12 month low of $27.84 and a 12 month high of $50.11.

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

Insider Buying and Selling at Copart

In related news, CEO Jeffrey Liaw sold 26,213 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total value of $869,747.34. Following the completion of the transaction, the chief executive officer directly owned 79,532 shares in the company, valued at approximately $2,638,871.76. The trade was a 24.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPRT. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Zacks Research upgraded shares of 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 target price on shares of Copart in a report on Friday, May 22nd. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Copart has an average rating of “Moderate Buy” and a consensus target price of $44.50.

About Copart

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.