Copart (NASDAQ:CPRT) Getting Somewhat Favorable News Coverage, Study Finds
Media stories about Copart (NASDAQ:CPRT) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Copart earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 97 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Copart, Inc. breached its 50 day moving average in a Bearish Manner : CPRT-US : August 3, 2017 (finance.yahoo.com)
- Midas Management Corp Has $3.13 Million Position in Copart, Inc. (NASDAQ:CPRT) (vothemes.com)
- Copart, Inc. (CPRT) Stake Reduced by Paloma Partners Management Co (wisdomsave.com)
- Copart, Inc. (NASDAQ:CPRT) Experiences Lighter than Usual Trading Volume (latribunadecanarias.com)
- West Coast Financial LLC Purchases 73064 Shares of Copart, Inc. (NASDAQ:CPRT) (thewestcoastsportsblog.com)
Several research analysts have recently commented on CPRT shares. Jefferies Group LLC reiterated a “hold” rating and set a $30.00 target price on shares of Copart in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Copart currently has an average rating of “Hold” and a consensus price target of $48.80.
Copart (CPRT) traded down 0.72% during midday trading on Thursday, hitting $31.01. The company’s stock had a trading volume of 983,949 shares. The company has a market cap of $7.14 billion, a PE ratio of 17.92 and a beta of 1.22. Copart has a 52-week low of $24.71 and a 52-week high of $32.17. The stock has a 50 day moving average of $31.40 and a 200 day moving average of $43.12.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Copart had a net margin of 29.10% and a return on equity of 33.20%. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $386.61 million. During the same period last year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Copart will post $1.25 EPS for the current year.
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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.
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