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

Duncker Streett & Co. Inc. grew its stake in Copart, Inc. (NASDAQ:CPRT) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,118 shares of the business services provider’s stock after purchasing an additional 1,886 shares during the quarter. Copart comprises about 1.5% of Duncker Streett & Co. Inc.’s holdings, making the stock its 13th biggest holding. Duncker Streett & Co. Inc.’s holdings in Copart were worth $7,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Copart in the 3rd quarter worth about $4,330,000. abrdn plc grew its position in shares of Copart by 17.8% in the 3rd quarter. abrdn plc now owns 278,934 shares of the business services provider’s stock worth $14,576,000 after buying an additional 42,182 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Copart by 4.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 12,936 shares of the business services provider’s stock worth $634,000 after buying an additional 517 shares during the period. Stephens Inc. AR grew its position in shares of Copart by 3.0% in the 3rd quarter. Stephens Inc. AR now owns 27,979 shares of the business services provider’s stock worth $1,466,000 after buying an additional 808 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Copart in the 3rd quarter worth about $319,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock opened at $54.80 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company’s 50-day moving average is $57.62 and its 200 day moving average is $55.89. The company has a market capitalization of $52.80 billion, a price-to-earnings ratio of 36.78 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.13 billion. As a group, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is owned by insiders.

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.