Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Copart, Inc. (CPRT) traded up $0.35 during trading hours on Thursday, reaching $43.74. 1,168,010 shares of the company’s stock traded hands, compared to its average volume of 1,062,367. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The firm has a market cap of $10,120.00, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. Copart, Inc. has a 12 month low of $27.74 and a 12 month high of $44.76.
Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to analyst estimates 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 previous year, the business posted $0.29 EPS. sell-side analysts anticipate that Copart, Inc. will post 1.52 EPS for the current year.
Large investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. lifted its holdings in shares of Copart by 100.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,094 shares of the business services provider’s stock worth $130,000 after acquiring an additional 2,047 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after acquiring an additional 3,755 shares during the last quarter. Crow Point Partners LLC acquired a new position in shares of Copart in the 3rd quarter worth approximately $198,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Copart in the 2nd quarter worth approximately $200,000. Finally, Private Advisor Group LLC acquired a new position in shares of Copart in the 3rd quarter worth approximately $200,000. Institutional investors own 78.38% of the company’s stock.
Several analysts recently issued reports on CPRT shares. Robert W. Baird upped their price objective on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. CJS Securities reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Copart in a research note on Thursday, October 5th. Wolfe Research started coverage on shares of Copart in a research note on Tuesday, November 7th. They set a “market perform” rating for the company. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, November 21st. Finally, Jefferies Group boosted their target price on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.80.
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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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