Copart, Inc. (CPRT) Given Consensus Rating of “Hold” by Brokerages

Copart, Inc. (NASDAQ:CPRT) has received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $43.00.

A number of research analysts have recently issued reports on CPRT shares. CJS Securities reiterated an “outperform” rating and issued a $42.00 price target on shares of Copart in a report on Thursday, October 5th. Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, November 21st. Jefferies Group lifted their price target on Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th.

In related news, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was 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 SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Copart during the 4th quarter worth $630,000. Syntal Capital Partners LLC grew its stake in Copart by 79.5% during the 4th quarter. Syntal Capital Partners LLC now owns 32,055 shares of the business services provider’s stock worth $1,384,000 after buying an additional 14,202 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Copart by 0.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 929,749 shares of the business services provider’s stock worth $40,156,000 after buying an additional 3,453 shares during the last quarter. Bank of Montreal Can grew its stake in Copart by 41.1% during the 4th quarter. Bank of Montreal Can now owns 45,530 shares of the business services provider’s stock worth $1,966,000 after buying an additional 13,263 shares during the last quarter. Finally, Atria Investments LLC grew its stake in Copart by 86.2% during the 4th quarter. Atria Investments LLC now owns 16,596 shares of the business services provider’s stock worth $717,000 after buying an additional 7,683 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Shares of Copart (CPRT) opened at $45.67 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10,820.00, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. Copart has a 1 year low of $27.74 and a 1 year high of $46.09.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The business had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. During the same period last year, the business posted $0.29 EPS. equities research analysts predict that Copart will post 1.52 earnings per share for the current year.

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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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