Copart, Inc. (NASDAQ:CPRT) has been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.21.

CPRT has been the topic of a number of research reports. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, May 27th. SunTrust Banks increased their price objective on Copart to $78.00 and gave the stock a “buy” rating in a report on Friday, May 24th. BidaskClub downgraded Copart from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barrington Research restated a “hold” rating on shares of Copart in a report on Wednesday. Finally, Guggenheim downgraded Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective on the stock. in a report on Friday, May 17th.

NASDAQ:CPRT traded up $0.92 during mid-day trading on Friday, reaching $81.80. The stock had a trading volume of 707,551 shares, compared to its average volume of 1,321,135. The business’s 50 day moving average is $76.70 and its 200 day moving average is $69.86. Copart has a fifty-two week low of $44.61 and a fifty-two week high of $83.55. The stock has a market cap of $18.67 billion, a P/E ratio of 36.36, a PEG ratio of 1.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 1.99.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Copart had a return on equity of 33.84% and a net margin of 28.98%. The firm had revenue of $542.60 million for the quarter, compared to the consensus estimate of $517.84 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. Equities analysts expect that Copart will post 2.61 EPS for the current year.

In other Copart news, insider William E. Franklin sold 41,007 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $77.37, for a total transaction of $3,172,711.59. Following the completion of the sale, the insider now owns 58,974 shares of the company’s stock, valued at $4,562,818.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO A Jayson Adair sold 179,461 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $74.54, for a total value of $13,377,022.94. The disclosure for this sale can be found here. 15.99% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CPRT. Wesbanco Bank Inc. lifted its position in Copart by 1.3% in the first quarter. Wesbanco Bank Inc. now owns 11,975 shares of the business services provider’s stock worth $725,000 after purchasing an additional 155 shares during the period. World Asset Management Inc lifted its position in Copart by 1.4% in the second quarter. World Asset Management Inc now owns 13,060 shares of the business services provider’s stock worth $976,000 after purchasing an additional 178 shares during the period. ETF Managers Group LLC lifted its position in Copart by 6.5% in the second quarter. ETF Managers Group LLC now owns 2,992 shares of the business services provider’s stock worth $219,000 after purchasing an additional 182 shares during the period. Keybank National Association OH lifted its position in Copart by 1.3% in the first quarter. Keybank National Association OH now owns 17,829 shares of the business services provider’s stock worth $1,080,000 after purchasing an additional 225 shares during the period. Finally, Hartford Investment Management Co. lifted its position in Copart by 1.0% in the second quarter. Hartford Investment Management Co. now owns 22,136 shares of the business services provider’s stock worth $1,654,000 after purchasing an additional 230 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Analyst Recommendations for Copart (NASDAQ:CPRT)

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