Copart (NASDAQ:CPRT) released its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06, RTT News reports. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations 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 company earned $0.29 EPS.
Shares of Copart (NASDAQ CPRT) traded up $0.49 during trading hours on Thursday, reaching $43.88. 1,129,192 shares of the company traded hands, compared to its average volume of 1,107,245. Copart has a twelve month low of $27.46 and a twelve month high of $43.97. The firm has a market cap of $10,066.35, a P/E ratio of 32.48, a P/E/G ratio of 1.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23.
In related news, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the completion of the sale, the president now directly owns 47,660 shares in the company, valued at approximately $1,635,691.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 160,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Insiders sold a total of 476,667 shares of company stock valued at $17,252,147 over the last quarter. 16.40% of the stock is currently owned by company insiders.
CPRT has been the subject of a number of research reports. Wolfe Research initiated coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, November 21st. CJS Securities restated an “outperform” rating and set a $42.00 price objective on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird increased their price objective on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 21st. Finally, Jefferies Group increased their price objective on shares of Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.40.
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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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