Copart (CPRT) Given News Sentiment Rating of 0.21
News articles about Copart (NASDAQ:CPRT) have trended somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Copart earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 45.3884588199231 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Copart, Inc. (CPRT) Expected to Post Quarterly Sales of $437.04 Million (americanbankingnews.com)
- Copart (CPRT) Downgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Copart’s (CPRT) “Buy” Rating Reaffirmed at Robert W. Baird (americanbankingnews.com)
- Why Is Copart (CPRT) Up 18.3% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
Several brokerages have commented on CPRT. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 target price on shares of Copart in a research note on Friday. Gabelli reiterated a “hold” rating on shares of Copart in a report on Friday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th. Finally, Jefferies Group upped their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.80.
Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The business had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. During the same period last year, the firm earned $0.29 earnings per share. analysts anticipate that Copart will post 1.5 EPS for the current fiscal year.
In other news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the sale, the director now owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Insiders have sold 476,667 shares of company stock worth $17,252,147 over the last quarter. Corporate insiders own 16.40% of the company’s stock.
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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