Copart (NASDAQ:CPRT)‘s stock had its “hold” rating restated by research analysts at Barrington Research in a note issued to investors on Tuesday. Barrington Research also issued estimates for Copart’s Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.46 EPS.
Several other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Copart from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Consumer Edge upgraded shares of Copart from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 27th. Stephens upgraded shares of Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 target price for the company in a report on Monday, February 12th. SunTrust Banks started coverage on shares of Copart in a report on Thursday, March 22nd. They issued a “buy” rating and a $58.00 target price for the company. Finally, Zacks Investment Research cut shares of Copart from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Copart presently has a consensus rating of “Buy” and a consensus price target of $49.13.
Shares of Copart traded down $0.79, hitting $53.18, during trading hours on Tuesday, Marketbeat.com reports. 102,859 shares of the company’s stock traded hands, compared to its average volume of 1,330,055. Copart has a 52 week low of $29.37 and a 52 week high of $56.78. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.
Copart (NASDAQ:CPRT) last announced its earnings results on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Copart had a net margin of 20.95% and a return on equity of 30.94%. The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $427.11 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. research analysts forecast that Copart will post 1.74 earnings per share for the current year.
In other news, Director Matt Blunt sold 13,333 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.74, for a total value of $676,516.42. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at $169,116.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CPRT. Wolverine Asset Management LLC purchased a new stake in shares of Copart in the fourth quarter worth approximately $101,000. YorkBridge Wealth Partners LLC bought a new position in Copart during the fourth quarter valued at approximately $108,000. Signaturefd LLC bought a new position in Copart during the first quarter valued at approximately $111,000. Captrust Financial Advisors bought a new position in Copart during the fourth quarter valued at approximately $172,000. Finally, Assetmark Inc. bought a new position in Copart during the fourth quarter valued at approximately $196,000. 80.90% of the stock is owned by institutional investors and hedge funds.
Copart Company Profile
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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