News headlines about Copart (NASDAQ:CPRT) have trended somewhat positive on Sunday, Alpha One Sentiment reports. Alpha One, a service of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One 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 0.04 on Alpha One’s scale. Alpha One also assigned news headlines about the business services provider an impact score of 48 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Alpha One Sentiment’s scoring:
- Copart (CPRT) Expands Location in Eight Mile, Alabama (Revised) (finance.yahoo.com)
- Swiss National Bank Holds Position in Schlumberger LTD (SLB) (thewestcoastsportsblog.com)
- Earnings Highlights and Review: Copart’s Q3 Bottom-line Rose Y-o-Y to Outperform Estimates (finance.yahoo.com)
- Copart (CPRT) Announces Acquisition of National Powerspot Auctions (streetinsider.com)
- Copart : Acquires National Powersport Auctions (4-traders.com)
Copart (NASDAQ:CPRT) traded down 0.67% during trading on Friday, reaching $31.24. The company had a trading volume of 1,580,005 shares. Copart has a 52-week low of $28.89 and a 52-week high of $63.14. The firm has a market capitalization of $7.20 billion, a P/E ratio of 18.03 and a beta of 1.11. The company has a 50-day moving average of $30.66 and a 200-day moving average of $48.70.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $386.61 million. Copart had a return on equity of 33.20% and a net margin of 29.10%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Analysts expect that Copart will post $1.25 EPS for the current fiscal year.
CPRT has been the subject of several research analyst reports. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Copart in a research note on Tuesday, April 18th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Copart has a consensus rating of “Hold” and a consensus price target of $48.80.
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In other Copart news, 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 value of $12,412,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.00% of the stock is currently owned by corporate insiders.
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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