Copart, Inc. (NASDAQ:CPRT) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $59.67.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, March 11th. ValuEngine upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Barrington Research restated a “hold” rating on shares of Copart in a research report on Tuesday, February 19th. SunTrust Banks upped their price target on shares of Copart to $67.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, BidaskClub upgraded shares of Copart from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 7th.
Shares of Copart stock traded up $0.26 on Tuesday, reaching $65.06. 1,301,934 shares of the stock were exchanged, compared to its average volume of 1,281,801. The company has a market cap of $14.85 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. Copart has a one year low of $44.61 and a one year high of $67.08. The company has a current ratio of 1.69, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $484.90 million during the quarter, compared to analysts’ expectations of $488.54 million. Copart had a net margin of 25.75% and a return on equity of 30.20%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Research analysts forecast that Copart will post 2.15 earnings per share for the current year.
In other Copart news, EVP William E. Franklin sold 140,000 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $58.44, for a total value of $8,181,600.00. Following the transaction, the executive vice president now directly owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.99% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its stake in shares of Copart by 1.0% in the fourth quarter. Creative Planning now owns 21,403 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 211 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in Copart by 120.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after acquiring an additional 283 shares in the last quarter. TD Asset Management Inc. increased its holdings in Copart by 0.5% in the 4th quarter. TD Asset Management Inc. now owns 60,108 shares of the business services provider’s stock worth $2,872,000 after acquiring an additional 294 shares in the last quarter. ETF Managers Group LLC increased its holdings in Copart by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,535 shares of the business services provider’s stock worth $121,000 after acquiring an additional 345 shares in the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Copart by 2.3% in the 4th quarter. Suntrust Banks Inc. now owns 17,696 shares of the business services provider’s stock worth $845,000 after acquiring an additional 394 shares in the last quarter. 85.26% of the stock is currently owned by institutional investors.
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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