Short Interest in Copart Decreases By 21.4% (CPRT)
Copart (NASDAQ:CPRT) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,229,073 shares, a decrease of 21.4% from the April 15th total of 1,562,996 shares, American Banking News.com reports. Based on an average daily volume of 330,909 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.1% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at BB&T Corp. raised their price target on shares of Copart from $39.00 to $42.00 in a research note on Thursday, February 27th. Analysts at JPMorgan Chase & Co. raised their price target on shares of Copart from $36.00 to $38.00 in a research note on Thursday, February 27th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Copart has a consensus rating of “Buy” and a consensus target price of $38.90.
Shares of Copart (NASDAQ:CPRT) opened at 35.94 on Wednesday. Copart has a 52-week low of $30.11 and a 52-week high of $37.54. The stock has a 50-day moving average of $36.27 and a 200-day moving average of $35.28. The company has a market cap of $4.524 billion and a price-to-earnings ratio of 26.29.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. On average, analysts predict that Copart will post $1.57 earnings per share for the current fiscal year.
Copart, Inc (NASDAQ:CPRT) is a provider of online auctions and vehicle remarketing services in the United States, Canada and the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.