In yesterday’s Wall Street session, Copart Inc. (NASDAQ:CPRT) shares traded at $44.04, up 0.71% from the previous session.
As of this writing, 12 analysts cover 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 $53.00 and a low of $41.00, we find $51.00. Given the previous closing price of $43.73, this indicates a potential upside of 16.62 percent. CPRT stock price is now -0.04% away from the 50-day moving average and 11.34% away from the 200-day moving average. The market capitalization of the company currently stands at $42.28B.
There are 4 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $49.07 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, Blunt Matt, Director sold 49,435 shares of the company’s stock on Oct 03. The stock was sold for $2,131,143 at an average price of $43.11. 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 Jul 07, co-Chief Executive Officer ADAIR A JAYSON sold 300,000 shares of the business’s stock. A total of $26,496,000 was realized by selling the stock at an average price of $88.32. This leaves the insider owning 10,147,030 shares of the company worth $446.88 million. Insiders disposed of 1,460,380 shares of company stock worth roughly $64.32 million over the past 1 year. A total of 9.35% 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 $17,704,000. TWINBEECH CAPITAL LP invested $14,574,000 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 $14,393,000. CRESSET ASSET MANAGEMENT, LLC acquired a new stake in CPRT for approximately $8,415,000. CIBC WORLD MARKET INC. purchased a new stake in CPRT valued at around $5,509,000 in the second quarter. In total, there are 1,276 active investors with 80.88% ownership of the company’s stock.
During the past 12 months, Copart Inc. has had a low of $26.44 and a high of $47.38. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.37, and a quick ratio of 6.29. According to the stock market information, the enterprise value for the company is $39.62B, which is based on a 34.41 price-to-earnings ratio, a 1.54 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CPRT is $44.04 and a two-hundred day moving average price translates $39.62 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 31.99% and return on equity was 23.32% 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 $990.66M 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, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie; 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 that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans; 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. In addition, it provides non-salvage powersport vehicle remarketing services through live and online auction platforms. 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.
