Copart (NASDAQ:CPRT)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a research report issued on Tuesday. They presently have a $47.00 price objective on the business services provider’s stock. Jefferies Group’s price objective points to a potential upside of 0.41% from the stock’s previous close. Jefferies Group also issued estimates for Copart’s Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.46 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.54 EPS and Q4 2019 earnings at $0.54 EPS.
Several other research analysts also recently weighed in on the company. Gabelli reiterated a “hold” rating on shares of Copart in a report on Friday, November 24th. Wolfe Research initiated coverage on Copart in a report on Tuesday, November 7th. They issued a “market perform” rating for the company. BidaskClub upgraded Copart from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, November 21st. Finally, Stephens set a $49.00 price target on Copart and gave the company a “hold” rating in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.17.
Copart (CPRT) opened at $46.81 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10,830.00, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Copart has a twelve month low of $28.89 and a twelve month high of $50.71.
In other news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 16.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Copart by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock valued at $704,869,000 after buying an additional 370,808 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Copart by 11.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,315,954 shares of the business services provider’s stock valued at $251,449,000 after buying an additional 759,422 shares during the period. Alliancebernstein L.P. grew its stake in shares of Copart by 2.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock valued at $301,707,000 after buying an additional 142,202 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Copart by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,601,214 shares of the business services provider’s stock valued at $157,776,000 after buying an additional 1,274,507 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Copart by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,787,054 shares of the business services provider’s stock valued at $120,373,000 after buying an additional 11,360 shares during the period. 77.97% of the stock is owned by institutional investors.
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Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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