Copart, Inc. (NASDAQ:CPRT) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $44.33.
A number of research analysts have recently commented on the company. BidaskClub raised Copart from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Stephens raised Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Monday, February 12th. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, February 8th. Robert W. Baird reaffirmed a “buy” rating and set 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.
Shares of Copart (NASDAQ:CPRT) traded up $0.36 during trading hours on Thursday, reaching $46.83. The company’s stock had a trading volume of 3,829,524 shares, compared to its average volume of 1,202,827. The company has a market cap of $10,830.00, a P/E ratio of 36.59, a PEG ratio of 1.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 2.23. Copart has a 52-week low of $28.44 and a 52-week high of $47.11.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The firm had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter in the prior year, the firm earned $0.29 EPS. sell-side analysts forecast that Copart will post 1.52 EPS for the current year.
In related news, Director Daniel J. Englander sold 68,004 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 116,667 shares of the 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 disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Copart by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock worth $704,869,000 after purchasing an additional 370,808 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Copart by 11.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,315,954 shares of the business services provider’s stock worth $251,449,000 after purchasing an additional 759,422 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Copart by 2.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock worth $301,707,000 after purchasing an additional 142,202 shares in the last quarter. State Street Corp lifted its holdings in Copart by 98.2% during the 2nd quarter. State Street Corp now owns 5,371,016 shares of the business services provider’s stock worth $170,744,000 after purchasing an additional 2,660,809 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Copart by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,601,214 shares of the business services provider’s stock worth $157,776,000 after purchasing an additional 1,274,507 shares in the last quarter. 77.97% of the stock is currently owned by institutional investors and hedge funds.
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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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