Copart, Inc. (NASDAQ:CPRT – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $37.90.
A number of equities analysts have issued reports on CPRT shares. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of Copart in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on Copart in a research note on Thursday, September 3rd. Freedom Broker dropped their target price on Copart from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, September 14th. Robert W. Baird cut their target price on Copart from $42.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, September 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a report on Tuesday, October 27th.
View Our Latest Report on Copart
Copart Trading Up 1.6%
Shares of CPRT stock opened at $32.45 on Thursday. The business’s 50-day moving average price is $29.44 and its 200-day moving average price is $32.18. Copart has a 12 month low of $25.72 and a 12 month high of $42.05. The firm has a market capitalization of $30.06 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.60 and a beta of 1.01.
Copart (NASDAQ:CPRT – Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). Copart had a net margin of 31.81% and a return on equity of 15.93%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Copart will post 1.63 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Copart news, Director Diane Morefield sold 20,000 shares of Copart stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $27.66, for a total transaction of $553,200.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $1,383,000. The trade was a 28.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.30% of the company’s stock.
Institutional Investors Weigh In On Copart
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRT. Alpha Family Trust boosted its stake in shares of Copart by 3.4% during the 1st quarter. Alpha Family Trust now owns 11,010 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 360 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Copart by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 28,547 shares of the business services provider’s stock worth $805,000 after acquiring an additional 369 shares in the last quarter. North Dakota State Investment Board increased its holdings in shares of Copart by 1.4% during the third quarter. North Dakota State Investment Board now owns 26,664 shares of the business services provider’s stock valued at $727,000 after acquiring an additional 370 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Copart by 62.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,076 shares of the business services provider’s stock worth $29,000 after purchasing an additional 414 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Copart by 1.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,183 shares of the business services provider’s stock worth $660,000 after buying an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Copart Company Profile
Copart, Inc operates an online vehicle auction and remarketing business. Its platform connects sellers with buyers of used and damaged vehicles, including cars, trucks, motorcycles and other equipment.
The company serves insurance companies, vehicle dealers, rental and fleet operators, financial institutions and other businesses, as well as individual buyers. Its services include online auctions, vehicle storage, title processing and support with vehicle transportation.
Founded in 1982 by Willis Johnson, Copart has expanded from its origins in the United States to serve customers in multiple countries, including markets in North America, Europe and the Middle East.
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