Copart, Inc. (CPRT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Copart, Inc. (NASDAQ:CPRT) have received an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.33.

Several brokerages recently issued reports on CPRT. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Thursday, February 8th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price on shares of Copart in a research report on Friday, November 24th. Stephens set a $49.00 target price on shares of Copart and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Jefferies Group upped their target price on shares of Copart to $40.00 and gave the stock a “hold” rating in a research report on Thursday, November 23rd. Finally, Wolfe Research began coverage on shares of Copart in a research report on Tuesday, November 7th. They issued a “market perform” rating for the company.

Copart (NASDAQ CPRT) opened at $44.90 on Thursday. The company has a market cap of $10,390.00, a price-to-earnings ratio of 35.08, a PEG ratio of 1.40 and a beta of 1.12. 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 has a 1 year low of $28.44 and a 1 year high of $46.09.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The company had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. During the same period in the previous year, the business earned $0.29 earnings per share. sell-side analysts anticipate that Copart will post 1.52 earnings per share for the current fiscal year.

In other Copart news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total value of $2,950,013.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Copart in the second quarter worth $485,000. Swiss National Bank lifted its stake in Copart by 0.8% in the third quarter. Swiss National Bank now owns 346,700 shares of the business services provider’s stock worth $11,916,000 after purchasing an additional 2,900 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Copart in the third quarter worth $816,000. Norris Perne & French LLP MI bought a new stake in Copart in the third quarter worth $553,000. Finally, State Street Corp lifted its stake in Copart by 98.2% in the second quarter. State Street Corp now owns 5,371,016 shares of the business services provider’s stock worth $170,744,000 after purchasing an additional 2,660,809 shares during the last quarter. 77.81% of the stock is owned by institutional investors and hedge funds.

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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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