Copart, Inc. $CPRT Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,855 shares of the business services provider’s stock after buying an additional 3,074 shares during the period. Duncan Williams Asset Management LLC’s holdings in Copart were worth $1,072,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Copart by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock valued at $5,900,295,000 after buying an additional 2,134,890 shares during the period. Principal Financial Group Inc. grew its position in Copart by 3.3% in the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider’s stock valued at $2,230,177,000 after acquiring an additional 1,249,687 shares in the last quarter. JPMorgan Chase & Co. grew its position in Copart by 15.9% in the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock valued at $868,417,000 after acquiring an additional 2,106,656 shares in the last quarter. Invesco Ltd. raised its stake in shares of Copart by 7.5% during the first quarter. Invesco Ltd. now owns 9,490,237 shares of the business services provider’s stock valued at $537,052,000 after purchasing an additional 658,329 shares during the period. Finally, Amundi lifted its position in shares of Copart by 32.5% during the first quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock worth $531,256,000 after purchasing an additional 2,299,192 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 1.2%

Shares of NASDAQ:CPRT opened at $45.11 on Monday. The firm’s 50 day moving average is $46.97 and its two-hundred day moving average is $51.61. The firm has a market capitalization of $43.65 billion, a P/E ratio of 28.19 and a beta of 1.03. Copart, Inc. has a 52 week low of $44.23 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Robert W. Baird lowered their target price on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research note on Saturday, September 27th. Stephens dropped their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Finally, HSBC set a $62.00 target price on Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Transactions at Copart

In other news, CEO Jeffrey Liaw sold 24,088 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale can be found here. 9.68% of the stock is owned by insiders.

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.