Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt sold 13,333 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the transaction, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $169,116.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Copart, Inc. (NASDAQ CPRT) traded down $0.07 during trading on Wednesday, reaching $50.71. 1,115,750 shares of the company’s stock traded hands, compared to its average volume of 1,421,307. Copart, Inc. has a twelve month low of $28.89 and a twelve month high of $51.51. The company has a market capitalization of $11,857.23, a price-to-earnings ratio of 35.46, a PEG ratio of 1.46 and a beta of 1.02. The company has a current ratio of 1.78, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30.
Copart (NASDAQ:CPRT) last announced its earnings results on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09. Copart had a net margin of 20.95% and a return on equity of 30.94%. The business had revenue of $459.11 million during the quarter, compared to analyst estimates of $427.11 million. During the same period in the previous year, the business posted $0.29 earnings per share. Copart’s revenue for the quarter was up 31.4% on a year-over-year basis. analysts anticipate that Copart, Inc. will post 1.74 EPS for the current year.
Several equities analysts recently commented on the stock. Stephens set a $54.00 price objective on shares of Copart and gave the company a “buy” rating in a research note on Tuesday, February 27th. Jefferies Group reaffirmed a “hold” rating and set a $47.00 price objective on shares of Copart in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, February 8th. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective on shares of Copart in a research note on Friday, November 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.17.
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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