Copart, Inc. (NASDAQ:CPRT) Given Consensus Recommendation of “Hold” by Brokerages

Copart, Inc. (NASDAQ:CPRTGet Rating) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $158.00.

Several brokerages recently weighed in on CPRT. initiated coverage on Copart in a research report on Thursday, March 31st. They set a “hold” rating for the company. Stephens upped their target price on Copart to $145.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird decreased their price target on Copart from $170.00 to $160.00 in a research note on Friday, February 18th.

Shares of NASDAQ:CPRT traded up $0.10 during trading on Friday, reaching $111.00. 5,377 shares of the company traded hands, compared to its average volume of 1,169,438. The company’s 50 day moving average is $119.47 and its two-hundred day moving average is $131.75. The firm has a market capitalization of $26.36 billion, a PE ratio of 24.73 and a beta of 1.13. The company has a quick ratio of 5.11, a current ratio of 5.24 and a debt-to-equity ratio of 0.10. Copart has a 52 week low of $105.41 and a 52 week high of $161.12.

Copart (NASDAQ:CPRTGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The business services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.03. Copart had a return on equity of 27.66% and a net margin of 32.15%. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, research analysts anticipate that Copart will post 4.39 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC grew its stake in Copart by 1,376.9% during the third quarter. Liberty Wealth Management LLC now owns 192 shares of the business services provider’s stock worth $28,000 after purchasing an additional 179 shares during the period. CVA Family Office LLC bought a new position in Copart in the fourth quarter worth approximately $31,000. Rather & Kittrell Inc. bought a new position in Copart in the fourth quarter worth approximately $37,000. Concord Wealth Partners bought a new position in Copart in the fourth quarter worth approximately $38,000. Finally, Perkins Coie Trust Co boosted its holdings in Copart by 78.4% in the first quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock worth $33,000 after acquiring an additional 116 shares in the last quarter. 87.14% of the stock is owned by institutional investors and hedge funds.

About Copart (Get Rating)

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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