Copart (NASDAQ:CPRT) has been given a $49.00 target price by research analysts at Stephens in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the business services provider’s stock. Stephens’ price objective suggests a potential upside of 10.56% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Gabelli reissued a “hold” rating on shares of Copart in a report on Friday, November 24th. Wolfe Research started coverage on shares of Copart in a report on Tuesday, November 7th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, November 21st. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Robert W. Baird reissued a “buy” rating and set a $44.00 price objective on shares of Copart in a report on Friday, November 24th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.00.
Shares of Copart (NASDAQ:CPRT) opened at $44.32 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Copart has a 1-year low of $27.74 and a 1-year high of $45.26. The firm has a market cap of $10,373.98, a P/E ratio of 34.63, a P/E/G ratio of 1.46 and a beta of 1.30.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The company had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter last year, the company earned $0.29 earnings per share. equities analysts forecast that Copart will post 1.52 EPS for the current year.
In other news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total transaction of $4,895,347.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its position in shares of Copart by 100.0% during the second 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. Nadler Financial Group Inc. purchased a new position in Copart in the 4th quarter valued at $216,000. IFP Advisors Inc grew its position in Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after buying an additional 3,755 shares during the last quarter. Private Advisor Group LLC purchased a new position in Copart in the 3rd quarter valued at $200,000. Finally, Crow Point Partners LLC purchased a new position in Copart in the 3rd quarter valued at $198,000. Institutional investors and hedge funds own 78.62% of the company’s stock.
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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