Several other analysts have also commented on CPRT. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Guggenheim lowered Copart from a buy rating to a neutral rating and set a $67.07 price target on the stock. in a research note on Friday, May 17th. Zacks Investment Research raised GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, May 27th. SunTrust Banks boosted their price target on Copart to $78.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, Barrington Research reaffirmed a hold rating on shares of Copart in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $66.77.
Shares of CPRT stock opened at $77.51 on Tuesday. The company has a fifty day moving average of $74.59. The company has a current ratio of 2.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. Copart has a one year low of $44.61 and a one year high of $78.74.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $553.12 million for the quarter, compared to analyst estimates of $535.62 million. Copart had a return on equity of 31.33% and a net margin of 28.12%. Copart’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, research analysts anticipate that Copart will post 2.21 EPS for the current year.
In other Copart news, insider William E. Franklin sold 41,007 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $77.37, for a total value of $3,172,711.59. Following the transaction, the insider now owns 58,974 shares of the company’s stock, valued at $4,562,818.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William E. Franklin sold 8,993 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $75.01, for a total value of $674,564.93. Following the completion of the transaction, the insider now directly owns 26,960 shares in the company, valued at approximately $2,022,269.60. The disclosure for this sale can be found here. In the last three months, insiders sold 423,458 shares of company stock worth $31,198,755. Insiders own 15.99% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CPRT. CSat Investment Advisory L.P. boosted its stake in Copart by 120.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after purchasing an additional 283 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in Copart in the first quarter worth $34,000. Cordasco Financial Network boosted its stake in Copart by 170.7% in the second quarter. Cordasco Financial Network now owns 471 shares of the business services provider’s stock worth $35,000 after purchasing an additional 297 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Copart in the first quarter worth $40,000. Finally, Quadrant Capital Group LLC boosted its stake in Copart by 170.3% in the first quarter. Quadrant Capital Group LLC now owns 1,181 shares of the business services provider’s stock worth $67,000 after purchasing an additional 744 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.
Copart Company Profile
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
See Also: Return on Equity (ROE)
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