Matt Blunt Sells 13,333 Shares of Copart, Inc. (CPRT) Stock
Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt sold 13,333 shares of Copart stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the sale, the director now owns 3,333 shares of the company’s stock, valued at $169,116.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Copart, Inc. (NASDAQ:CPRT) traded down $0.07 on Wednesday, hitting $50.71. 1,115,750 shares of the stock were exchanged, compared to its average volume of 1,421,307. The company has a market cap of $11,857.23, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.02. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. Copart, Inc. has a 1 year low of $28.89 and a 1 year high of $51.51.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.09. The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. equities research analysts forecast that Copart, Inc. will post 1.74 EPS for the current year.
CPRT has been the subject of several research analyst reports. Gabelli reiterated a “hold” rating on shares of Copart in a research report on Friday, November 24th. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, November 21st. Stephens set a $49.00 price objective on shares of Copart and gave the stock a “hold” rating in a report on Wednesday, January 17th. Finally, Robert W. Baird restated a “buy” rating and issued a $44.00 price objective on shares of Copart in a report on Friday, November 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $46.17.
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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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