The stock of Copart, Inc. (NASDAQ:CPRT) last traded at $50.22, unchanged 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 $58.00 and a low of $39.10, we find $57.00. Given the previous closing price of $50.22, this indicates a potential upside of 13.5 percent. CPRT stock price is now 9.34% away from the 50-day moving average and 18.39% away from the 200-day moving average. The market capitalization of the company currently stands at $48.22B.
In total, 4 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $53.30 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 1,730,803 shares of company stock worth roughly $86.92 million over the past 1 year. A total of 9.36% of the company’s stock is owned by insiders.
With an opening price of $50.28 on Thursday morning, Copart, Inc. (NASDAQ: CPRT) set off the trading day. During the past 12 months, Copart, Inc. has had a low of $29.61 and a high of $51.53. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 5.54, and a quick ratio of 5.47. According to the stock market information, the enterprise value for the company is $45.70B, which is based on a 36.73 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CPRT is $46.05 and a two-hundred day moving average price translates $42.50 for the stock.
The latest earnings results from Copart, Inc. (NASDAQ: CPRT) was released for Oct, 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 $0.25 EPS in the same period last year. The net profit margin was 33.14% and return on equity was 23.52% for CPRT. The company reported revenue of $1.02 billion for the quarter, compared to $893.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.22 percent. For the current quarter, analysts expect CPRT to generate $1.03B in revenue.
