The stock of Copart Inc. (NASDAQ:CPRT) last traded at $89.65, down -1.63% from the previous session.
Data from the available sources indicates that Copart Inc. (NASDAQ:CPRT) is covered by 12 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $79.00, we find $91.00. Given the previous closing price of $91.14, this indicates a potential downside of -0.15 percent. CPRT stock price is now 1.80% away from the 50-day moving average and 24.95% away from the 200-day moving average. The market capitalization of the company currently stands at $42.84B.
In total, 4 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $92.00 as their price target over the next twelve months.
In other news, ADAIR A JAYSON, co-Chief Executive Officer sold 300,000 shares of the company’s stock on Jul 07. The stock was sold for $26,496,000 at an average price of $88.32. Upon completion of the transaction, the co-Chief Executive Officer now directly owns 10,147,030 shares in the company, valued at $909.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, Chairman of the Board JOHNSON WILLIS J sold 660,000 shares of the business’s stock. A total of $58,786,200 was realized by selling the stock at an average price of $89.07. This leaves the insider owning 1,773,832 shares of the company worth $159.02 million. Insiders disposed of 1,460,380 shares of company stock worth roughly $130.92 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 $145,068,000. DURABLE CAPITAL PARTNERS LP invested $69,760,000 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 $63,377,000. M.D. SASS, INC. acquired a new stake in CPRT for approximately $25,435,000. ARDEVORA ASSET MANAGEMENT LLP purchased a new stake in CPRT valued at around $18,020,000 in the second quarter. In total, there are 1,231 active investors with 82.60% ownership of the company’s stock.
With an opening price of $91.04 on Monday morning, Copart Inc. (NASDAQ: CPRT) set off the trading day. During the past 12 months, Copart Inc. has had a low of $52.28 and a high of $94.77. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.90, and a quick ratio of 5.80. According to the stock market information, the enterprise value for the company is $40.82B, which is based on a 37.49 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for CPRT is $88.26 and a two-hundred day moving average price translates $71.91 for the stock.
The latest earnings results from Copart Inc. (NASDAQ: CPRT) was released for Apr, 2023. According to the Specialty Business Services Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.64 by 0.08. This compares to $0.58 EPS in the same period last year. The net profit margin was 30.70% and return on equity was 22.80% for CPRT. The company reported revenue of $1.02 billion for the quarter, compared to $939.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.71 percent. For the current quarter, analysts expect CPRT to generate $962.78M in revenue.
