Copart, Inc. (NASDAQ:CPRT) Shares Sold by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,007 shares of the business services provider’s stock after selling 430 shares during the period. Duncan Williams Asset Management LLC’s holdings in Copart were worth $861,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Linden Thomas Advisory Services LLC boosted its stake in Copart by 2.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 36,461 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 716 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Copart by 42.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,323 shares of the business services provider’s stock worth $133,000 after purchasing an additional 695 shares during the period. Crown Oak Advisors LLC lifted its holdings in shares of Copart by 11.6% in the 4th quarter. Crown Oak Advisors LLC now owns 169,028 shares of the business services provider’s stock worth $9,701,000 after acquiring an additional 17,611 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after buying an additional 6,817 shares during the period. Finally, Avior Wealth Management LLC increased its stake in Copart by 48.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the business services provider’s stock worth $74,000 after purchasing an additional 421 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $57.70 on Friday. Copart, Inc. has a 1 year low of $47.73 and a 1 year high of $64.38. The stock has a fifty day moving average price of $59.10 and a 200 day moving average price of $54.82. The stock has a market cap of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.34 EPS. Copart’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company 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.