A Stock With Stellar Fundamentals? Copart, Inc. (NASDAQ:CPRT): Is It Right For You?

In yesterday’s Wall Street session, Copart, Inc. (NASDAQ:CPRT) shares traded at $54.50, down -0.15% from the previous session.

CPRT stock price is now -1.98% away from the 50-day moving average and 10.76% away from the 200-day moving average. The market capitalization of the company currently stands at $52.40B.

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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 $1.07 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 $1.91 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 $40.35 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 7.14, and a quick ratio of 7.06.

The net profit margin was 33.33% and return on equity was 21.75% for CPRT. The company reported revenue of $1.13 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.32 percent.

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