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

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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.

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Analyst Recommendations for Copart (NASDAQ:CPRT)

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