Several other analysts have also issued reports on the stock. Gabelli reissued a hold rating on shares of Copart in a research report on Friday, November 24th. Wolfe Research initiated coverage on shares of Copart in a research report on Tuesday, November 7th. They issued a market perform rating on the stock. BidaskClub raised shares of Copart from a hold rating to a buy rating in a research report on Thursday, December 7th. Zacks Investment Research raised shares of Copart from a hold rating to a buy rating and set a $40.00 price target on the stock in a research report on Tuesday, November 21st. Finally, Robert W. Baird reissued a buy rating and issued a $44.00 price target on shares of Copart in a research report on Friday, November 24th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $43.00.
Copart (NASDAQ:CPRT) traded up $1.07 on Wednesday, reaching $45.67. 1,290,000 shares of the company’s stock were exchanged, compared to its average volume of 1,100,000. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $10,820.00, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. Copart has a 52-week low of $27.74 and a 52-week high of $46.09.
Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $419.17 million for the quarter, compared to analysts’ expectations 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 company earned $0.29 earnings per share. sell-side analysts expect that Copart will post 1.52 EPS for the current year.
In related news, Director Matt Blunt sold 116,667 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the company’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. Corporate insiders own 16.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. increased 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 buying an additional 2,047 shares during the last quarter. Nadler Financial Group Inc. bought a new position in shares of Copart in the 4th quarter worth $216,000. IFP Advisors Inc increased 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 buying an additional 3,755 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Copart in the 3rd quarter worth $200,000. Finally, Crow Point Partners LLC bought a new position in shares of Copart in the 3rd quarter worth $198,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.
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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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