In yesterday’s Wall Street session, Copart, Inc. (NASDAQ:CPRT) shares traded at $56.00, down -0.05% from the previous session.
CPRT stock price is now 4.51% away from the 50-day moving average and 16.77% away from the 200-day moving average. The market capitalization of the company currently stands at $53.84B.
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, ADAIR A JAYSON, Executive Chairman sold 600,000 shares of the company’s stock on Mar 28 ’24. The stock was sold for $34,662,000 at an average price of $57.77. Upon completion of the transaction, the Executive Chairman now directly owns 19,687,980 shares in the company, valued at $1.1 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Director TRYFOROS THOMAS N sold 285,000 shares of the business’s stock. A total of $15,751,950 was realized by selling the stock at an average price of $55.27. This leaves the insider owning 35,000 shares of the company worth $1.96 million. A total of 9.15% of the company’s stock is owned by insiders.
During the past 12 months, Copart, Inc. has had a low of $37.54 and a high of $58.58. 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 $51.29B, which is based on a 40.09 price-to-earnings ratio, a 1.80 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CPRT is $53.72 and a two-hundred day moving average price translates $48.02 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 $1.11B in revenue.
