Copart Inc. (NASDAQ:CPRT) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently issued reports on CPRT. Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Bank of America Corp. raised Copart from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $63.00 in a research note on Friday, September 23rd. Jefferies Group reissued a “hold” rating on shares of Copart in a research note on Thursday, August 4th. Susquehanna assumed coverage on Copart in a research note on Thursday, August 25th. They set a “neutral” rating and a $53.00 target price for the company. Finally, Barrington Research cut Copart from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Copart presently has a consensus rating of “Hold” and an average target price of $55.57.

Analyst Recommendations for Copart (NASDAQ:CPRT)

Copart (NASDAQ:CPRT) opened at 54.51 on Wednesday. Copart has a 52 week low of $32.26 and a 52 week high of $56.98. The stock has a 50 day moving average price of $53.64 and a 200 day moving average price of $50.62. The stock has a market capitalization of $6.14 billion, a PE ratio of 16.98 and a beta of 0.95.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Monday, November 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $345.99 million for the quarter, compared to the consensus estimate of $326.11 million. Copart had a return on equity of 36.22% and a net margin of 29.00%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. Equities analysts forecast that Copart will post $2.44 EPS for the current year.

In other news, Director James E. Meeks sold 26,075 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $54.14, for a total value of $1,411,700.50. Following the completion of the sale, the director now directly owns 26,075 shares of the company’s stock, valued at approximately $1,411,700.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $53.27, for a total value of $10,654,000.00. Following the completion of the sale, the president now directly owns 123,830 shares of the company’s stock, valued at $6,596,424.10. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of CPRT. HighPoint Advisor Group LLC purchased a new stake in Copart during the third quarter valued at $484,000. D.A. Davidson & CO. increased its stake in Copart by 5.1% in the third quarter. D.A. Davidson & CO. now owns 5,518 shares of the company’s stock valued at $295,000 after buying an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Copart by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 581,474 shares of the company’s stock valued at $31,144,000 after buying an additional 1,740 shares during the last quarter. Ashford Capital Management Inc. increased its stake in Copart by 0.3% in the third quarter. Ashford Capital Management Inc. now owns 317,648 shares of the company’s stock valued at $17,013,000 after buying an additional 1,016 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Copart by 86.4% in the third quarter. Ameritas Investment Partners Inc. now owns 29,337 shares of the company’s stock valued at $1,571,000 after buying an additional 13,598 shares during the last quarter. 78.50% of the stock is 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.

5 Day Chart for NASDAQ:CPRT

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