Shares of Copart, Inc. (NASDAQ:CPRT – Get Free Report) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.50.
A number of research analysts have issued reports on CPRT shares. Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Finally, Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th.
Get Our Latest Stock Analysis on CPRT
Insider Buying and Selling
Hedge Funds Weigh In On Copart
Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of Copart by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock worth $931,000 after acquiring an additional 264 shares in the last quarter. Sierra Legacy Group lifted its holdings in shares of Copart by 1.9% during the 4th quarter. Sierra Legacy Group now owns 13,880 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 265 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Copart by 23.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after purchasing an additional 266 shares during the period. Brown Miller Wealth Management LLC boosted its position in Copart by 3.8% during the 4th quarter. Brown Miller Wealth Management LLC now owns 7,310 shares of the business services provider’s stock worth $286,000 after purchasing an additional 268 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in Copart by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Price Performance
Shares of Copart stock opened at $29.27 on Friday. The firm’s fifty day simple moving average is $31.62 and its 200-day simple moving average is $35.09. Copart has a 12 month low of $27.84 and a 12 month high of $50.11. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 18.18 and a beta of 1.02.
Copart (NASDAQ:CPRT – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Analysts anticipate that Copart will post 1.58 earnings per share for the current year.
Copart Company Profile
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.
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