Copart Inc. (CPRT) Hits New 12-Month High at $53.70
Copart Inc. (NASDAQ:CPRT) hit a new 52-week high on Thursday . The company traded as high as $53.70 and last traded at $52.49, with a volume of 280,159 shares changing hands. The stock had previously closed at $52.70.
A number of brokerages have weighed in on CPRT. Susquehanna began coverage on Copart in a research report on Thursday. They set a “neutral” rating and a $53.00 target price for the company. Northcoast Research lowered Copart from a “buy” rating to a “neutral” rating in a research report on Thursday. Zacks Investment Research raised Copart from a “hold” rating to a “strong-buy” rating and set a $58.00 price target for the company in a research report on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Copart in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on Copart from $43.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, May 27th. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.00.
The stock’s 50-day moving average is $50.76 and its 200 day moving average is $44.96. The firm has a market cap of $5.64 billion and a P/E ratio of 26.49.
In related news, SVP Paul A. Styer sold 8,101 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $49.27, for a total value of $399,136.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul A. Styer sold 7,640 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $49.26, for a total value of $376,346.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Copart stock. Victory Capital Management Inc. boosted its stake in Copart Inc. (NASDAQ:CPRT) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,938 shares of the company’s stock after buying an additional 701 shares during the period. Victory Capital Management Inc.’s holdings in Copart were worth $1,138,000 as of its most recent SEC filing.
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).
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