Copart (NASDAQ:CPRT) reached a new 52-week high and low on Wednesday . The company traded as low as $52.01 and last traded at $51.90, with a volume of 371421 shares. The stock had previously closed at $51.30.
CPRT has been the subject of a number of recent research reports. Stephens set a $49.00 price target on shares of Copart and gave the stock a “hold” rating in a research note on Wednesday, January 17th. SunTrust Banks initiated coverage on shares of Copart in a report on Thursday, March 22nd. They set a “buy” rating and a $58.00 price objective for the company. Guggenheim initiated coverage on shares of Copart in a report on Tuesday. They set a “buy” rating and a $58.00 price objective for the company. BidaskClub cut shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Robert W. Baird restated a “buy” rating and set a $46.00 price objective on shares of Copart in a report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $49.13.
The firm has a market cap of $12,024.27, a PE ratio of 34.10, a P/E/G ratio of 1.48 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.78.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.09. The firm had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. equities research analysts forecast that Copart will post 1.74 earnings per share for the current fiscal year.
In related news, Director Matt Blunt sold 13,333 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at $169,116.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CPRT. Congress Asset Management Co. MA acquired a new position in shares of Copart in the fourth quarter valued at approximately $78,758,000. Alkeon Capital Management LLC acquired a new position in shares of Copart in the fourth quarter valued at approximately $38,843,000. Renaissance Technologies LLC boosted its holdings in shares of Copart by 814.5% in the fourth quarter. Renaissance Technologies LLC now owns 860,500 shares of the business services provider’s stock valued at $37,165,000 after buying an additional 766,400 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Copart by 876.3% in the fourth quarter. Two Sigma Investments LP now owns 751,834 shares of the business services provider’s stock valued at $32,472,000 after buying an additional 674,828 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Copart by 2.3% in the fourth quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock valued at $704,869,000 after buying an additional 370,808 shares during the period. Institutional investors own 81.02% of the company’s stock.
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Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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