In yesterday’s Wall Street session, Copart, Inc. (NASDAQ:CPRT) shares traded at $57.21, up 0.54% from the previous session.
CPRT stock price is now 11.85% away from the 50-day moving average and 21.64% away from the 200-day moving average. The market capitalization of the company currently stands at $55.01B.
On December 04, 2023, HSBC Securities recently initiated its ‘Hold’ rating on the stock quoting a target price of $51, while ‘Argus’ rates the stock as ‘Buy’
In other news, TRYFOROS THOMAS N, Director sold 285,000 shares of the company’s stock on Mar 13 ’24. The stock was sold for $15,751,950 at an average price of $55.27. Upon completion of the transaction, the Director now directly owns 35,000 shares in the company, valued at $2.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Director Blunt Matt sold 100,000 shares of the business’s stock. A total of $5,106,000 was realized by selling the stock at an average price of $51.06. A total of 9.21% of the company’s stock is owned by insiders.
During the past 12 months, Copart, Inc. has had a low of $35.06 and a high of $56.96. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.86, and a quick ratio of 6.78. According to the stock market information, the enterprise value for the company is $52.45B, which is based on a 40.95 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CPRT is $51.35 and a two-hundred day moving average price translates $47.10 for the stock.
The latest earnings results from Copart, Inc. (NASDAQ: CPRT) was released for Jan, 2024. According to the Specialty Business Services Company, earnings per share came in at $0.33, missing analysts’ expectations of $0.35 by -0.02. This compares to $0.30 EPS in the same period last year. The net profit margin was 33.41% and return on equity was 22.60% for CPRT. The company reported revenue of $1.02 billion for the quarter, compared to $956.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.63 percent. For the current quarter, analysts expect CPRT to generate $1.1B 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.
