Stephens upgraded shares of Copart (NASDAQ:CPRT) from an equal weight rating to an overweight rating in a report issued on Monday. They currently have $50.00 target price on the business services provider’s stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Copart from a hold rating to a buy rating and set a $47.00 price target for the company in a research report on Thursday, February 8th. BidaskClub raised Copart from a hold rating to a buy rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. lifted their price target on 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 reaffirmed a buy rating and issued a $46.00 price target on shares of Copart in a research report on Friday, December 22nd. Finally, Gabelli reaffirmed a hold rating on shares of Copart in a research report on Friday, November 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $44.33.
Copart (CPRT) opened at $42.83 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. The stock has a market capitalization of $9,608.37, a PE ratio of 31.00, a PEG ratio of 1.35 and a beta of 1.12. Copart has a 52-week low of $28.44 and a 52-week 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 firm had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter in the previous year, the firm earned $0.29 EPS. research analysts expect that Copart will post 1.52 earnings per share for the current year.
In other Copart news, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado raised its position in Copart by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock worth $1,839,000 after buying an additional 1,265 shares during the last quarter. Sei Investments Co. grew its stake in shares of Copart by 3.2% during the 3rd quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock valued at $1,544,000 after purchasing an additional 1,382 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Copart by 6.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 1,442 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Copart by 8.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock valued at $792,000 after purchasing an additional 1,778 shares during the period. Finally, Comerica Bank grew its stake in shares of Copart by 1.0% during the 4th quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock valued at $7,759,000 after purchasing an additional 1,782 shares during the period. 77.81% of the stock is owned by institutional investors and hedge funds.
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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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