BidaskClub upgraded shares of Copart (NASDAQ:CPRT) from a sell rating to a hold rating in a report released on Thursday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Copart from a hold rating to a buy rating and set a $47.00 target price on the stock in a research note on Thursday, February 8th. Stephens upgraded shares of Copart from an equal weight rating to an overweight rating and set a $50.00 target price on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their target price on shares of Copart from $35.00 to $41.00 and gave the company a neutral rating in a research note on Friday, November 24th. Robert W. Baird restated a buy rating and issued a $46.00 target price on shares of Copart in a research note on Friday, December 22nd. Finally, Gabelli restated a hold rating on shares of Copart in a research note on Friday, November 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $44.33.
Shares of Copart (CPRT) opened at $46.47 on Thursday. The stock has a market cap of $10,748.70, a PE ratio of 34.68, a PEG ratio of 1.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. Copart has a 12 month low of $28.44 and a 12 month high of $46.62.
Copart (NASDAQ:CPRT) last issued its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The business 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 quarter in the prior year, the business posted $0.29 EPS. sell-side analysts forecast that Copart will post 1.52 earnings per share for the current year.
In related news, Director Daniel J. Englander sold 68,004 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 116,667 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new stake in Copart during the fourth quarter worth about $101,000. YorkBridge Wealth Partners LLC acquired a new stake in Copart during the fourth quarter worth about $108,000. Captrust Financial Advisors acquired a new stake in Copart during the fourth quarter worth about $172,000. Assetmark Inc. acquired a new stake in Copart during the fourth quarter worth about $196,000. Finally, Nadler Financial Group Inc. acquired a new stake in Copart during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 77.81% of the company’s stock.
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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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