Shares of Copart, Inc. (NASDAQ:CPRT) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $53.40.
A number of analysts have issued reports on CPRT shares. Stephens lowered Copart from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 23rd. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th.
Copart (NASDAQ:CPRT) opened at 61.80 on Tuesday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 18.71 and a beta of 1.00. Copart has a one year low of $39.86 and a one year high of $61.83. The stock’s 50 day moving average price is $59.00 and its 200-day moving average price is $55.39.
Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $349.50 million for the quarter, compared to analyst estimates of $339.23 million. Copart had a return on equity of 35.43% and a net margin of 29.00%. During the same quarter last year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Copart will post $2.49 earnings per share for the current fiscal year.
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In other news, Director James E. Meeks sold 16,500 shares of Copart stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $60.52, for a total transaction of $998,580.00. Following the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $998,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meeks sold 53,203 shares of Copart stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $60.54, for a total value of $3,220,909.62. Following the sale, the director now directly owns 29,703 shares in the company, valued at approximately $1,798,219.62. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Copart during the third quarter valued at $110,000. Parallel Advisors LLC purchased a new stake in shares of Copart during the fourth quarter valued at $112,000. Advisor Group Inc. raised its stake in shares of Copart by 2.8% in the third quarter. Advisor Group Inc. now owns 3,035 shares of the company’s stock valued at $162,000 after buying an additional 82 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Copart by 12.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,569 shares of the company’s stock valued at $191,000 after buying an additional 392 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Copart during the fourth quarter valued at $197,000. 79.68% of the stock is currently owned by institutional investors.
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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