Several other analysts also recently weighed in on CPRT. Barrington Research restated a hold rating on shares of Copart in a research note on Wednesday, September 11th. Guggenheim upgraded Copart from a neutral rating to a buy rating and set a $93.00 target price for the company in a research note on Friday, October 18th. Robert W. Baird set a $85.00 target price on Copart and gave the company a buy rating in a research note on Friday, September 6th. ValuEngine downgraded Copart from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Copart from $62.00 to $71.00 and gave the stock an underweight rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $85.60.
Shares of CPRT traded up $0.75 during trading on Friday, reaching $90.01. The company’s stock had a trading volume of 171,630 shares, compared to its average volume of 1,632,805. The company has a fifty day moving average of $82.91 and a two-hundred day moving average of $77.04. Copart has a twelve month low of $44.61 and a twelve month high of $91.73. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 1.67 and a beta of 0.81. The company has a quick ratio of 2.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.27.
Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, November 20th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.06. Copart had a return on equity of 34.06% and a net margin of 32.59%. The company had revenue of $554.40 million for the quarter, compared to analyst estimates of $544.46 million. During the same period in the prior year, the company posted $0.47 EPS. Copart’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities analysts forecast that Copart will post 2.7 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new position in Copart during the third quarter valued at approximately $25,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Copart during the third quarter worth about $26,000. Financial Advantage Inc. acquired a new stake in shares of Copart during the third quarter worth about $28,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Copart during the second quarter worth about $29,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Copart during the second quarter worth about $34,000. Institutional investors and hedge funds own 77.32% of the company’s stock.
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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