Shares of Copart, Inc. (NASDAQ:CPRT – Get Free Report) have been given a consensus rating of “Hold” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $51.00.
A number of brokerages recently issued reports on CPRT. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st.
View Our Latest Stock Analysis on CPRT
Insiders Place Their Bets
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in Copart during the 3rd quarter valued at about $25,000. Manchester Capital Management LLC increased its position in Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares in the last quarter. Rise Advisors LLC acquired a new position in Copart during the 1st quarter valued at about $28,000. Quarry LP acquired a new position in Copart during the 1st quarter valued at about $29,000. Finally, Bell Investment Advisors Inc increased its position in Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after buying an additional 323 shares in the last quarter. 85.78% of the stock is owned by institutional investors.
Copart Price Performance
Shares of NASDAQ CPRT opened at $52.88 on Friday. The company has a market cap of $50.84 billion, a P/E ratio of 38.04 and a beta of 1.22. Copart has a 1 year low of $38.35 and a 1 year high of $58.58. The firm has a 50-day simple moving average of $54.34 and a two-hundred day simple moving average of $50.05.
Copart (NASDAQ:CPRT – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities research analysts expect that Copart will post 1.42 EPS for the current year.
About Copart
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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