Stephens Analysts Give Copart (CPRT) a $49.00 Price Target

Stephens set a $49.00 price target on Copart (NASDAQ:CPRT) in a research note released on Wednesday morning. The firm currently has a hold rating on the business services provider’s stock.

Several other analysts have also issued reports on CPRT. JPMorgan Chase & Co. raised their price target on shares of Copart from $35.00 to $41.00 and gave the stock a neutral rating in a research report on Friday, November 24th. Robert W. Baird raised their price target on shares of Copart from $33.00 to $37.00 and gave the stock an outperform rating in a research report on Thursday, September 21st. Jefferies Group raised their price objective on shares of Copart to $40.00 and gave the stock a hold rating in a report on Thursday, November 23rd. CJS Securities reaffirmed an outperform rating and set a $42.00 price objective on shares of Copart in a report on Thursday, October 5th. Finally, BidaskClub downgraded shares of Copart from a buy rating to a hold rating in a report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $43.00.

Shares of Copart (NASDAQ CPRT) opened at $45.67 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The stock has a market cap of $10,563.65, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. Copart has a 12-month low of $27.74 and a 12-month high of $46.09.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period last year, the business posted $0.29 EPS. sell-side analysts predict that Copart will post 1.52 earnings per share for the current fiscal year.

In other news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total transaction of $4,895,347.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Copart during the 2nd quarter worth about $485,000. Swiss National Bank lifted its holdings in Copart by 0.8% during the 3rd quarter. Swiss National Bank now owns 346,700 shares of the business services provider’s stock valued at $11,916,000 after purchasing an additional 2,900 shares during the last quarter. GSA Capital Partners LLP bought a new position in Copart during the 3rd quarter valued at about $816,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Copart by 85.9% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 42,200 shares of the business services provider’s stock valued at $1,342,000 after purchasing an additional 19,500 shares during the last quarter. Finally, Norris Perne & French LLP MI bought a new position in Copart during the 3rd quarter valued at about $553,000. 78.62% of the stock is owned by institutional investors.

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About Copart

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.

Analyst Recommendations for Copart (NASDAQ:CPRT)

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