A number of other brokerages have also issued reports on CPRT. Barrington Research reiterated a “hold” rating on shares of Copart in a research report on Tuesday, February 18th. Robert W. Baird reduced their target price on shares of Copart from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. SunTrust Banks upped their target price on shares of Copart from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Northcoast Research upgraded shares of Copart from a “neutral” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $86.60.
Shares of CPRT stock opened at $72.56 on Friday. Copart has a 1 year low of $55.69 and a 1 year high of $104.88. The firm’s 50 day moving average is $85.21 and its 200-day moving average is $87.21. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 23.64 and a beta of 0.97. The company has a current ratio of 2.13, a quick ratio of 2.08 and a debt-to-equity ratio of 0.23.
In related news, Director Thomas N. Tryforos sold 81,467 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.84, for a total value of $7,807,797.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 50,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $95.33, for a total transaction of $4,766,500.00. The disclosure for this sale can be found here. Insiders sold 281,895 shares of company stock worth $24,174,699 over the last 90 days. 14.34% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CPRT. NWK Group Inc. acquired a new stake in Copart in the fourth quarter worth $36,000. Solstein Capital LLC bought a new stake in shares of Copart during the fourth quarter worth $37,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Copart by 64.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 445 shares of the business services provider’s stock worth $40,000 after acquiring an additional 174 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Copart during the fourth quarter worth $45,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Copart by 75.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 490 shares of the business services provider’s stock worth $45,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.
Copart Company Profile
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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