Copart Rating Increased to Outperform at Robert W. Baird (CPRT)
Copart (NASDAQ:CPRT) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $42.00 target price on the stock, up from their previous target price of $38.00. Robert W. Baird’s price objective indicates a potential upside of 24.44% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Northcoast Research upgraded shares of Copart (NASDAQ:CPRT) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Copart (NASDAQ:CPRT) from $36.00 to $37.00 in a research note to investors on Friday, August 9th. They now have a “neutral” rating on the stock. Finally, analysts at Barrington Research upgraded shares of Copart (NASDAQ:CPRT) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd.
Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $38.33.
Copart (NASDAQ:CPRT) opened at 33.75 on Monday. Copart has a 1-year low of $26.35 and a 1-year high of $38.26. The stock has a 50-day moving average of $32.83 and a 200-day moving average of $33.38. The company has a market cap of $4.234 billion and a P/E ratio of 23.77.
Copart, Inc (NASDAQ:CPRT), is a provider of online auctions and vehicle remarketing services in the United States, Canada and the United Kingdom.
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