Copart, Inc. (CPRT) Receives Consensus Rating of “Hold” from Analysts
Shares of Copart, Inc. (NASDAQ:CPRT) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $41.40.
Several equities analysts have commented on the stock. J P Morgan Chase & Co boosted their price target on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Robert W. Baird restated a “buy” rating and issued a $44.00 price target on shares of Copart in a research note on Friday, November 24th. Jefferies Group boosted their price target on shares of Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Finally, Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, November 21st.
In related news, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total transaction of $4,895,347.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the transaction, the president now owns 47,660 shares of the company’s stock, valued at approximately $1,635,691.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 476,667 shares of company stock valued at $17,252,147. Insiders own 16.40% of the company’s stock.
Copart (NASDAQ:CPRT) opened at $43.01 on Friday. The company has a market cap of $9,666.19, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.91. Copart has a 12 month low of $27.06 and a 12 month high of $43.39.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to the consensus estimate of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the previous year, the firm posted $0.29 earnings per share. sell-side analysts forecast that Copart will post 1.5 EPS for the current year.
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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