Press coverage about Copart (NASDAQ:CPRT) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Copart earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.4427146673309 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Several research firms recently issued reports on CPRT. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Thursday, February 8th. Stephens upgraded shares of Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research report on Monday. BidaskClub cut shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, November 24th. Finally, Jefferies Group lifted their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.33.
Shares of Copart (NASDAQ:CPRT) traded up $0.36 on Wednesday, hitting $43.19. 1,579,700 shares of the company’s stock were exchanged, compared to its average volume of 1,035,869. Copart has a 1-year low of $28.44 and a 1-year high of $46.09. The firm has a market capitalization of $10,340.00, a PE ratio of 34.93, a PEG ratio of 1.40 and a beta of 1.12. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. During the same period last year, the business earned $0.29 earnings per share. equities analysts forecast that Copart will post 1.52 earnings per share for the current year.
In other news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were 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. Company insiders own 16.40% of the company’s stock.
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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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