Copart (NASDAQ:CPRT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Several other equities analysts also recently commented on CPRT. Stephens raised shares of Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, February 12th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. increased their target price on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 24th. Jefferies Group increased their target price on shares of Copart to $40.00 and gave the stock a “hold” rating in a research report on Thursday, November 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price target on shares of Copart in a research report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.33.
Copart (NASDAQ:CPRT) opened at $46.77 on Thursday. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. The company has a market cap of $10,950.00, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. Copart has a 1 year low of $28.89 and a 1 year high of $47.65.
Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The firm had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period in the prior year, the business posted $0.29 earnings per share. equities analysts anticipate that Copart will post 1.53 EPS for the current fiscal year.
In other news, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.
Several large investors have recently modified their holdings of CPRT. Intl Fcstone Inc. bought a new stake in shares of Copart in the second quarter valued at about $230,000. APG Asset Management N.V. bought a new stake in shares of Copart in the third quarter valued at about $3,684,000. Fox Run Management L.L.C. bought a new stake in shares of Copart in the third quarter valued at about $409,000. First Quadrant L P CA lifted its stake in shares of Copart by 57.7% in the third quarter. First Quadrant L P CA now owns 604,237 shares of the business services provider’s stock valued at $20,768,000 after buying an additional 221,005 shares during the period. Finally, Peregrine Capital Management LLC lifted its stake in shares of Copart by 3.5% in the third quarter. Peregrine Capital Management LLC now owns 1,286,898 shares of the business services provider’s stock valued at $44,231,000 after buying an additional 43,732 shares during the period. 77.97% of the stock is currently owned by institutional investors.
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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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