Stocks of Copart Inc. (NASDAQ:CPRT) traded higher last session on Wall Street, down -2.16% to $43.88.
According to the data, Copart Inc. (NASDAQ:CPRT) has 12 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $53.00 and a low of $41.00, we find $49.00. Given the previous closing price of $44.85, this indicates a potential upside of 9.25 percent. CPRT stock price is now -1.67% away from the 50-day moving average and 13.19% away from the 200-day moving average. The market capitalization of the company currently stands at $41.90B.
A total of 3 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $48.19 as their price target over the next twelve months.
With the price target of $53, Argus recently initiated with Buy rating for Copart Inc. (NASDAQ: CPRT).
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 $445.25 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 $77.84 million. Insiders disposed of 1,460,380 shares of company stock worth roughly $64.08 million over the past 1 year. A total of 9.48% 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 ARDEVORA ASSET MANAGEMENT LLP during the first quarter worth $17,640,000. TWINBEECH CAPITAL LP invested $14,521,000 in shares of CPRT during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Copart Inc. valued at approximately $14,341,000. CRESSET ASSET MANAGEMENT, LLC acquired a new stake in CPRT for approximately $8,384,000. CIBC WORLD MARKET INC. purchased a new stake in CPRT valued at around $5,489,000 in the second quarter. In total, there are 1,276 active investors with 82.60% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $44.78 for Copart Inc. (NASDAQ: CPRT). During the past 12 months, Copart Inc. has had a low of $26.14 and a high of $47.38. 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 $39.88B, which is based on a 36.26 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CPRT is $44.62 and a two-hundred day moving average price translates $38.82 for the stock.
The latest earnings results from Copart Inc. (NASDAQ: CPRT) was released for Jul, 2023. According to the Specialty Business Services Company, earnings per share came in at $0.34, beating analysts’ expectations of $0.32 by 0.02. This compares to $0.27 EPS in the same period last year. The net profit margin was 28.00% and return on equity was 21.30% for CPRT. The company reported revenue of $997.59 million for the quarter, compared to $883.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.93 percent. For the current quarter, analysts expect CPRT to generate $993.81M 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.
