Copart, Inc. (NASDAQ:CPRT) shares traded 0.53% higher at $55.22 on Wall Street last session.
CPRT stock price is now 1.42% away from the 50-day moving average and 14.02% away from the 200-day moving average. The market capitalization of the company currently stands at $53.09B.
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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 $1.09 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 $1.93 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 $38.35 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 Specialty Business Services Company, earnings per share came in at 0.36, beating analysts’ expectations of 0.32 by 0.04. 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.
