Copart (NASDAQ:CPRT) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also weighed in on CPRT. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, November 21st. J P Morgan Chase & Co increased their target price on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, November 24th. CJS Securities reiterated an “outperform” rating and issued a $42.00 target price on shares of Copart in a report on Thursday, October 5th. Robert W. Baird increased their target price on shares of Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 21st. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a report on Friday, November 24th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.40.

Shares of Copart (NASDAQ:CPRT) traded up $0.08 during mid-day trading on Thursday, reaching $43.96. 903,392 shares of the company’s stock were exchanged, compared to its average volume of 1,340,000. Copart has a 1 year low of $27.46 and a 1 year high of $44.19. The company has a market capitalization of $10,170.00, a PE ratio of 32.75, a PEG ratio of 1.45 and a beta of 1.30. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. The firm had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same period last year, the firm earned $0.29 earnings per share. analysts forecast that Copart will post 1.5 EPS for the current year.

In related news, Director Matt Blunt sold 116,667 shares of the firm’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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the sale, the director now owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Over the last quarter, insiders sold 476,667 shares of company stock worth $17,252,147. Company insiders own 16.40% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of Copart by 2.6% during the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after acquiring an additional 111 shares during the period. Sei Investments Co. raised its holdings in shares of Copart by 3.2% during the third quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after acquiring an additional 1,382 shares during the period. Virginia Retirement Systems ET AL raised its holdings in shares of Copart by 8.2% during the second quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock worth $712,000 after acquiring an additional 1,700 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Copart by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock worth $792,000 after acquiring an additional 1,778 shares during the period. Finally, Navellier & Associates Inc raised its holdings in shares of Copart by 9.9% during the second quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock worth $633,000 after acquiring an additional 1,801 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

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About Copart

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.

Analyst Recommendations for Copart (NASDAQ:CPRT)

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