Copart (NASDAQ:CPRT)‘s stock had its “hold” rating restated by research analysts at Barrington Research in a research report issued on Tuesday. Barrington Research also issued estimates for Copart’s Q3 2018 earnings at $0.43 EPS, Q3 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.44 EPS.
Several other research firms have also commented on CPRT. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, November 21st. BidaskClub lowered Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Consumer Edge raised Copart from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Stephens raised Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 24th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.17.
Copart (NASDAQ CPRT) opened at $46.81 on Tuesday. The firm has a market capitalization of $11,026.26, a PE ratio of 31.36, a PEG ratio of 1.44 and a beta of 1.12. Copart has a 52 week low of $28.89 and a 52 week high of $50.71. The company has a quick ratio of 2.23, a current ratio of 1.78 and a debt-to-equity ratio of 0.30.
In other Copart news, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new position in shares of Copart in the 4th quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC acquired a new position in shares of Copart in the 4th quarter valued at approximately $108,000. Captrust Financial Advisors acquired a new position in shares of Copart in the 4th quarter valued at approximately $172,000. Assetmark Inc. acquired a new position in shares of Copart in the 4th quarter valued at approximately $196,000. Finally, Nadler Financial Group Inc. acquired a new position in shares of Copart in the 4th quarter valued at approximately $216,000. 77.97% of the stock is currently owned by institutional investors.
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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