Copart, Inc. (NASDAQ:CPRT)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $97.60, but opened at $97.30. Copart shares last traded at $94.80, with a volume of 1,741,876 shares traded.
A number of equities analysts recently commented on CPRT shares. Barrington Research restated a “hold” rating on shares of Copart in a report on Tuesday, February 18th. BidaskClub upgraded Copart from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 28th. Guggenheim increased their price objective on Copart from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, November 25th. SunTrust Banks increased their price objective on Copart from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Robert W. Baird increased their price objective on Copart from $96.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $90.60.
The business has a fifty day moving average of $99.22 and a 200 day moving average of $86.91. The stock has a market cap of $22.62 billion, a price-to-earnings ratio of 31.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.13 and a quick ratio of 2.24.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Copart had a return on equity of 32.56% and a net margin of 32.95%. The company had revenue of $575.10 million for the quarter, compared to the consensus estimate of $576.09 million. During the same quarter last year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, analysts expect that Copart, Inc. will post 2.77 EPS for the current year.
In other Copart news, Director Steven D. Cohan sold 80,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $92.14, for a total transaction of $7,371,200.00. Following the transaction, the director now owns 80,000 shares in the company, valued at $7,371,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO A Jayson Adair sold 327,318 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $90.49, for a total value of $29,619,005.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 538,785 shares of company stock worth $49,564,503. Corporate insiders own 14.34% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CPRT. Venturi Wealth Management LLC bought a new stake in shares of Copart in the third quarter valued at approximately $25,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Copart in the third quarter valued at approximately $26,000. NWK Group Inc. bought a new stake in shares of Copart in the fourth quarter valued at approximately $36,000. Solstein Capital LLC bought a new stake in shares of Copart in the fourth quarter valued at approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Copart by 64.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 445 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 174 shares during the period. Institutional investors own 79.47% of the company’s stock.
Copart Company Profile (NASDAQ:CPRT)
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.
