The stock of Copart, Inc. (NASDAQ:CPRT) last traded at $43.15, down -1.10% from the previous session.
Data from the available sources indicates that Copart, Inc. (NASDAQ:CPRT) is covered by 13 analysts. 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 $39.10, we find $49.50. Given the previous closing price of $43.63, this indicates a potential upside of 13.45 percent. CPRT stock price is now -2.65% away from the 50-day moving average and 6.14% away from the 200-day moving average. The market capitalization of the company currently stands at $41.31B.
In total, 5 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $47.83 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, FISHER STEPHEN, Director sold 160,000 shares of the company’s stock on Oct 09. The stock was sold for $7,310,400 at an average price of $45.69. 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 Oct 03, Director Blunt Matt sold 49,435 shares of the business’s stock. A total of $2,131,143 was realized by selling the stock at an average price of $43.11. Insiders disposed of 1,522,443 shares of company stock worth roughly $65.69 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 TWINBEECH CAPITAL LP during the first quarter worth $14,280,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $14,102,000 in shares of CPRT during the first quarter. In the first quarter, CRESSET ASSET MANAGEMENT, LLC acquired a new stake in Copart, Inc. valued at approximately $8,245,000. LITMAN GREGORY WEALTH MANAGEMENT LLC acquired a new stake in CPRT for approximately $6,876,000. CONTRAVISORY INVESTMENT MANAGEMENT, INC. purchased a new stake in CPRT valued at around $6,203,000 in the second quarter. In total, there are 1,276 active investors with 81.09% ownership of the company’s stock.
With an opening price of $43.45 on Thursday morning, Copart, Inc. (NASDAQ: CPRT) set off the trading day. During the past 12 months, Copart, Inc. has had a low of $27.68 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 $39.52B, which is based on a 33.71 price-to-earnings ratio, a 1.51 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CPRT is $44.31 and a two-hundred day moving average price translates $40.72 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.
