Media headlines about Copart (NASDAQ:CPRT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Copart earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.09502285368 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Can Copart (CPRT) Stock Continue to Grow Earnings? (finance.yahoo.com)
- Can Copart (CPRT) Stock Continue to Grow Earnings? – Nasdaq (nasdaq.com)
- Bright Rock Capital Management Has Lifted Copart (CPRT) Position; Euronet Worldwide (EEFT)’s Sentiment Is 1.3 – Hill Country Times (hillcountrytimes.com)
- ETFs with exposure to Copart, Inc. : December 11, 2017 (finance.yahoo.com)
- Copart (CPRT) Upgraded at BidaskClub (americanbankingnews.com)
Copart (CPRT) traded up $0.21 during midday trading on Wednesday, hitting $43.91. The company’s stock had a trading volume of 843,054 shares, compared to its average volume of 1,107,421. Copart has a 1 year low of $27.56 and a 1 year high of $44.35. The company has a market cap of $10,154.25, a price-to-earnings ratio of 32.76, a PEG ratio of 1.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23.
Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The firm had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. During the same quarter in the previous year, the company posted $0.29 EPS. analysts forecast that Copart will post 1.5 earnings per share for the current year.
A number of research firms have commented on CPRT. Robert W. Baird reiterated a “buy” rating and issued a $44.00 price target on shares of Copart in a research report on Friday, November 24th. Jefferies Group upped their price target on Copart to $40.00 and gave the company a “hold” rating in a research report on Thursday, November 23rd. Wolfe Research began coverage on Copart in a research report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Gabelli reiterated a “hold” rating on shares of Copart in a research report on Friday, November 24th. Finally, BidaskClub upgraded Copart from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Copart currently has a consensus rating of “Buy” and a consensus price target of $41.40.
In other news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the transaction, the president now directly owns 47,660 shares of the company’s stock, valued at approximately $1,635,691.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Meeks sold 160,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $34.33, for a total value of $5,492,800.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Insiders sold a total of 476,667 shares of company stock worth $17,252,147 over the last three months. 16.40% of the stock is owned by company insiders.
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Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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