Headlines about Copart (NASDAQ:CPRT) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Copart earned a news impact score of 0.22 on AlphaOne’s scale. AlphaOne also assigned news articles about the business services provider an impact score of 97 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- Copart, Inc. : to Webcast Third Quarter Fiscal 2017 Results (4-traders.com)
- Copart, Inc. to Webcast Third Quarter Fiscal 2017 Results (finance.yahoo.com)
- Copart Shares Up 61.5% Since SmarTrend’s Buy Recommendation (CPRT) (mysmartrend.com)
- Copart : Announces the Launch of Its Fourth Annual Rebuild Challenge Contest (4-traders.com)
- Copart Announces the Launch of Its Fourth Annual Rebuild Challenge Contest (finance.yahoo.com)
Copart (NASDAQ:CPRT) opened at 29.31 on Friday. The company’s 50-day moving average price is $36.23 and its 200-day moving average price is $51.84. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.74 and a beta of 1.00. Copart has a 12-month low of $28.89 and a 12-month high of $31.57.
Copart (NASDAQ:CPRT) last issued its earnings results on Tuesday, February 21st. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Copart had a net margin of 29.00% and a return on equity of 35.43%. The business had revenue of $349.50 million for the quarter, compared to analysts’ expectations of $339.23 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Copart will post $1.25 EPS for the current fiscal year.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target on shares of Copart in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Copart presently has a consensus rating of “Hold” and an average target price of $48.50.
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In other Copart news, Director James E. Meeks sold 53,203 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $60.54, for a total transaction of $3,220,909.62. Following the sale, the director now owns 29,703 shares of the company’s stock, valued at approximately $1,798,219.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO A Jayson Adair sold 200,000 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $62.06, for a total transaction of $12,412,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 269,703 shares of company stock worth $16,631,490 in the last three months. Insiders own 17.00% of the company’s stock.
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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