Copart Inc. (NASDAQ:CPRT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $50.37 and last traded at $49.99, with a volume of 210,378 shares traded. The stock had previously closed at $49.85.

A number of analysts have recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $53.00 target price (up from $40.00) on shares of Copart in a research report on Friday, May 27th. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Gabelli assumed coverage on shares of Copart in a research report on Tuesday, April 5th. They issued a “hold” rating and a $46.00 target price on the stock. Bank of America Corp. downgraded shares of Copart from a “buy” rating to a “neutral” rating in a research report on Monday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Copart from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, May 27th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.25.

The company’s 50 day moving average is $48.26 and its 200 day moving average is $41.20. The stock has a market cap of $5.47 billion and a P/E ratio of 25.67.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, May 25th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm earned $247.20 million during the quarter, compared to the consensus estimate of $321.16 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. On average, analysts predict that Copart Inc. will post $2.07 earnings per share for the current fiscal year.

In related news, SVP Paul A. Styer sold 2,000 shares of Copart stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $41.95, for a total value of $83,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Cohan sold 160,000 shares of Copart stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $48.85, for a total value of $7,816,000.00. Following the completion of the sale, the director now owns 40,012 shares of the company’s stock, valued at $1,954,586.20. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in CPRT. Victory Capital Management Inc. increased its stake in Copart by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 29,938 shares of the company’s stock valued at $1,138,000 after buying an additional 701 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in Copart by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 70,546 shares of the company’s stock valued at $2,682,000 after buying an additional 23,938 shares during the last quarter. Wells Fargo & Company MN increased its stake in Copart by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,265,957 shares of the company’s stock valued at $48,119,000 after buying an additional 25,430 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Copart by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 738,364 shares of the company’s stock valued at $28,066,000 after buying an additional 108,000 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in Copart during the fourth quarter valued at $4,108,000.

Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.