Research Analysts’ Weekly Ratings Changes for Copart (CPRT)
Several brokerages have updated their recommendations and price targets on shares of Copart (NASDAQ: CPRT) in the last few weeks:
- 11/24/2017 – Copart had its “hold” rating reaffirmed by analysts at Gabelli.
- 11/24/2017 – Copart had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $44.00 price target on the stock.
- 11/24/2017 – Copart had its price target raised by analysts at J P Morgan Chase & Co from $35.00 to $41.00. They now have a “neutral” rating on the stock.
- 11/23/2017 – Copart had its price target raised by analysts at Jefferies Group LLC to $40.00. They now have a “hold” rating on the stock.
- 11/21/2017 – Copart was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Copart has been expanding its presence through aggressive acquisitions of existing businesses to boost its top-line performance and expand its presence. Further, the company is also expanding its existing networks to manage inflating volumes and access in new markets. It top-line performance has started improving after witnessing weakness for some time due to lower revenues from vehicle sales. Also, in the last six months, its shares have outperformed in the industry it belongs to.”
- 11/7/2017 – Copart is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
- 10/5/2017 – Copart had its “outperform” rating reaffirmed by analysts at CJS Securities. They now have a $42.00 price target on the stock.
Copart, Inc. (NASDAQ CPRT) opened at $42.13 on Thursday. Copart, Inc. has a 52-week low of $27.00 and a 52-week high of $42.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.26. The stock has a market cap of $9,666.19, a PE ratio of 31.19, a P/E/G ratio of 1.38 and a beta of 1.24.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The company had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. research analysts forecast that Copart, Inc. will post 1.5 EPS for the current fiscal year.
In other Copart news, President Vincent W. Mitz sold 200,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the sale, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 160,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the completion of the sale, the director now owns 3,500 shares in the company, valued at approximately $120,155. The disclosure for this sale can be found here. Insiders have sold 476,667 shares of company stock worth $17,252,147 in the last quarter. 16.40% of the stock is owned by corporate insiders.
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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