Copart, Inc. (NASDAQ:CPRT) Receives Consensus Rating of “Hold” from Analysts

Share on StockTwits

Shares of Copart, Inc. (NASDAQ:CPRT) have been given an average rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $85.60.

A number of research firms have issued reports on CPRT. SunTrust Banks upped their price target on shares of Copart from $92.00 to $100.00 and gave the company an “average” rating in a report on Friday, November 22nd. Barrington Research restated a “hold” rating on shares of Copart in a report on Wednesday, September 11th. Guggenheim upped their price target on shares of Copart from $93.00 to $97.00 and gave the company a “buy” rating in a report on Monday, November 25th. ValuEngine cut shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a report on Friday, September 6th.

Copart stock traded down $0.23 during mid-day trading on Wednesday, hitting $87.05. 2,123,809 shares of the company’s stock were exchanged, compared to its average volume of 1,392,656. The company has a current ratio of 2.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. Copart has a 1-year low of $44.61 and a 1-year high of $92.41. The stock has a 50 day moving average of $84.85 and a two-hundred day moving average of $78.30. The stock has a market cap of $20.24 billion, a P/E ratio of 38.69, a P/E/G ratio of 1.62 and a beta of 0.81.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, November 20th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. Copart had a net margin of 32.59% and a return on equity of 34.06%. The company had revenue of $554.40 million during the quarter, compared to analysts’ expectations of $544.46 million. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, research analysts predict that Copart will post 2.75 EPS for the current fiscal year.

In related news, CEO A Jayson Adair sold 327,318 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $90.49, for a total value of $29,619,005.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.34% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRT. Venturi Wealth Management LLC acquired a new position in Copart in the third quarter worth about $25,000. Prime Capital Investment Advisors LLC acquired a new position in Copart in the third quarter worth about $26,000. Financial Advantage Inc. acquired a new position in Copart in the third quarter worth about $28,000. Capital Investment Advisory Services LLC acquired a new position in Copart in the second quarter worth about $29,000. Finally, Griffin Asset Management Inc. acquired a new position in Copart in the second quarter worth about $34,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

About Copart

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.

Featured Story: Momentum Investing

Analyst Recommendations for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

QuickLogic  Downgraded by Zacks Investment Research
QuickLogic Downgraded by Zacks Investment Research
Regeneron Pharmaceuticals  Raised to “Buy” at BidaskClub
Regeneron Pharmaceuticals Raised to “Buy” at BidaskClub
Proofpoint  Raised to “Buy” at BidaskClub
Proofpoint Raised to “Buy” at BidaskClub
Puma Biotechnology  Upgraded to “Hold” by BidaskClub
Puma Biotechnology Upgraded to “Hold” by BidaskClub
Salisbury Bancorp  Lifted to “Hold” at ValuEngine
Salisbury Bancorp Lifted to “Hold” at ValuEngine
Northwest Pipe  Lifted to “Hold” at BidaskClub
Northwest Pipe Lifted to “Hold” at BidaskClub


© 2006-2020 Ticker Report