The price of Copart Inc. (NASDAQ:CPRT) shares last traded on Wall Street rose 7.77% to $88.37.
Based on available information, 10 analysts follow Copart Inc. (NASDAQ:CPRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $70.00, we find $91.00. Given the previous closing price of $82.00, this indicates a potential upside of 10.98 percent. CPRT stock price is now 16.97% away from the 50-day moving average and 35.35% away from the 200-day moving average. The market capitalization of the company currently stands at $41.48B.
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Among analysts, 3 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $87.29 as their price target over the next twelve months.
On February 12, 2021, Stephens Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $122 to quote $140, while ‘Northcoast’ rates the stock as ‘Buy’.
In other news, Blunt Matt, Director sold 30,000 shares of the company’s stock on Feb 22. The stock was sold for $2,080,800 at an average price of $69.36. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, Director Blunt Matt sold 10,000 shares of the business’s stock. A total of $1,157,200 was realized by selling the stock at an average price of $115.72. Insiders disposed of 168,280 shares of company stock worth roughly $14.87 million over the past 1 year. A total of 9.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPRT stock. A new stake in Copart Inc. shares was purchased by AKO CAPITAL LLP during the first quarter worth $142,997,000. DURABLE CAPITAL PARTNERS LP invested $68,764,000 in shares of CPRT during the first quarter. In the first quarter, ZURICH INSURANCE GROUP LTD/FI acquired a new stake in Copart Inc. valued at approximately $62,472,000. M.D. SASS, INC. acquired a new stake in CPRT for approximately $25,072,000. SAGE MOUNTAIN ADVISORS LLC purchased a new stake in CPRT valued at around $17,670,000 in the second quarter. In total, there are 1,231 active investors with 82.60% ownership of the company’s stock.
A candlestick chart of Copart Inc. (NASDAQ: CPRT) showed a price of $82.49 on Thursday morning. During the past 12 months, Copart Inc. has had a low of $51.10 and a high of $82.08. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.40, and a quick ratio of 5.30. According to the stock market information, the enterprise value for the company is $37.53B, which is based on a 39.36 price-to-earnings ratio, a 1.77 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for CPRT is $75.89 and a two-hundred day moving average price translates $65.41 for the stock.
The latest earnings results from Copart Inc. (NASDAQ: CPRT) was released for Jan, 2023. According to the Auto & Truck Dealerships Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.64 by 0.08. This compares to $0.60 EPS in the same period last year. The net profit margin was 29.50% and return on equity was 22.70% for CPRT. The company reported revenue of $956.72 million for the quarter, compared to $867.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.29 percent. For the current quarter, analysts expect CPRT to generate $953.32M in revenue.
Copart Inc.(CPRT) Company Profile
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. 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 to vehicle sellers, insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. The company’s services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also comprise services to sell vehicles through CashForCars.com; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; copart 360, an online technology for posting vehicle images; membership tiers for those registering to buy vehicles through Copart.com; and virtual queue to secure a place in line while visiting one of its locations. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas.
