Copart (NASDAQ:CPRT) was upgraded by stock analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Copart (NASDAQ:CPRT) traded up 4.00% during mid-day trading on Tuesday, hitting $33.80. The stock had a trading volume of 1,929,980 shares. Copart has a one year low of $28.67 and a one year high of $38.26. The stock has a 50-day moving average of $32.30 and a 200-day moving average of $32.86. The company has a market cap of $4.242 billion and a P/E ratio of 23.38.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.02. During the same quarter in the prior year, the company posted $0.36 earnings per share. Analysts expect that Copart will post $1.60 EPS for the current fiscal year.
CPRT has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Copart from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $29.40 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Copart from $37.00 to $36.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Finally, analysts at Robert W. Baird upgraded shares of Copart from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. They now have a $42.00 price target on the stock, up previously from $38.00. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.85.
Copart, Inc (NASDAQ:CPRT), is a provider of online auctions and vehicle remarketing services in the United States, Canada and the United Kingdom.
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