Brokerages Set Copart, Inc. (CPRT) Target Price at $37.33
Shares of Copart, Inc. (NASDAQ:CPRT) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.33.
Several research firms recently weighed in on CPRT. Zacks Investment Research cut shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Robert W. Baird boosted their price objective on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. CJS Securities restated an “outperform” rating and issued a $42.00 price objective on shares of Copart in a research report on Thursday, October 5th. Finally, Wolfe Research started coverage on shares of Copart in a research report on Tuesday. They set a “market perform” rating for the company.
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In related news, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the completion of the transaction, the president now directly owns 47,660 shares of the company’s stock, valued at approximately $1,635,691.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at $120,155. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of Copart by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after buying an additional 111 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Copart by 0.8% in the 2nd quarter. Aperio Group LLC now owns 113,214 shares of the business services provider’s stock valued at $3,599,000 after purchasing an additional 926 shares during the period. Sei Investments Co. raised its holdings in shares of Copart by 3.2% in the 3rd quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock valued at $1,544,000 after purchasing an additional 1,382 shares during the period. Atria Investments LLC raised its holdings in shares of Copart by 30.0% in the 2nd quarter. Atria Investments LLC now owns 6,418 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 1,480 shares during the period. Finally, Virginia Retirement Systems ET AL raised its holdings in Copart by 8.2% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 79.44% of the company’s stock.
Copart (CPRT) traded down $0.01 during midday trading on Tuesday, reaching $35.61. The company had a trading volume of 312,176 shares, compared to its average volume of 1,070,057. The company has a current ratio of 1.94, a quick ratio of 1.91 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8,298.39, a P/E ratio of 27.72, a P/E/G ratio of 1.33 and a beta of 1.24. Copart has a 1 year low of $26.41 and a 1 year high of $36.76.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $378.60 million for the quarter, compared to the consensus estimate of $355.42 million. Copart had a return on equity of 31.83% and a net margin of 27.23%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. research analysts predict that Copart will post 1.41 EPS for the current fiscal year.
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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