Copart (CPRT) Upgraded at Stephens

Copart (NASDAQ:CPRT) was upgraded by equities researchers at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a $50.00 target price on the business services provider’s stock. Stephens’ price target would suggest a potential upside of 16.74% from the stock’s current price.

A number of other research firms have also recently commented on CPRT. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, November 21st. BidaskClub cut Copart from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price target on Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Finally, Jefferies Group upped their price target on Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $44.33.

Copart (CPRT) traded up $1.29 on Monday, reaching $42.83. The company had a trading volume of 1,430,000 shares, compared to its average volume of 986,150. Copart has a 12-month low of $28.44 and a 12-month high of $46.09. The firm has a market capitalization of $9,910.00, a PE ratio of 33.46, a PEG ratio of 1.35 and a beta of 1.12. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

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

In other Copart news, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC acquired a new stake in shares of Copart in the fourth quarter valued at $108,000. IFP Advisors Inc raised its stake in shares of Copart by 216.3% in the third quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 3,755 shares in the last quarter. Crow Point Partners LLC acquired a new stake in shares of Copart in the third quarter valued at $198,000. Private Advisor Group LLC acquired a new stake in shares of Copart in the third quarter valued at $200,000. Finally, Sapphire Star Partners LP acquired a new stake in shares of Copart in the third quarter valued at $205,000. Institutional investors own 77.81% of the company’s stock.

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Copart Company Profile

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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