Copart (NASDAQ:CPRT) Given New $145.00 Price Target at Stephens

Copart (NASDAQ:CPRTGet Rating) had its target price boosted by equities research analysts at Stephens to $145.00 in a research note issued on Friday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the business services provider’s stock. Stephens’ target price suggests a potential upside of 30.75% from the stock’s previous close.

Several other equities research analysts have also recently commented on CPRT. StockNews.com initiated coverage on shares of Copart in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird lowered their price objective on shares of Copart from $170.00 to $160.00 in a research note on Friday, February 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.00.

Shares of NASDAQ CPRT opened at $110.90 on Friday. Copart has a 12-month low of $105.41 and a 12-month high of $161.12. The company has a market cap of $26.34 billion, a PE ratio of 24.70 and a beta of 1.13. The stock has a 50 day simple moving average of $119.47 and a 200-day simple moving average of $131.75. The company has a current ratio of 5.24, a quick ratio of 5.11 and a debt-to-equity ratio of 0.10.

Copart (NASDAQ:CPRTGet Rating) last released its earnings results on Wednesday, May 18th. The business services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $1.09 earnings per share. Sell-side analysts forecast that Copart will post 4.39 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Liberty Wealth Management LLC grew its position in Copart by 1,376.9% during the 3rd 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 in the last quarter. CVA Family Office LLC acquired a new stake in shares of Copart in the fourth quarter worth $31,000. Perkins Coie Trust Co grew its holdings in shares of Copart by 78.4% during the first quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock valued at $33,000 after buying an additional 116 shares in the last quarter. American National Bank raised its position in Copart by 58.2% during the first quarter. American National Bank now owns 280 shares of the business services provider’s stock valued at $35,000 after buying an additional 103 shares during the period. Finally, Rather & Kittrell Inc. purchased a new stake in Copart in the 4th quarter worth about $37,000. 87.14% of the stock is owned by hedge funds and other institutional investors.

Copart Company Profile (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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