Copart (NASDAQ:CPRT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also commented on CPRT. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, November 21st. J P Morgan Chase & Co raised their price objective on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 24th. CJS Securities reissued an “outperform” rating and issued a $42.00 price objective on shares of Copart in a research note on Thursday, October 5th. Robert W. Baird raised their price objective on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Finally, Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, November 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.40.

Shares of Copart (NASDAQ:CPRT) traded up $0.08 during mid-day trading on Thursday, reaching $43.96. 903,392 shares of the company’s stock traded hands, compared to its average volume of 1,340,000. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Copart has a one year low of $27.46 and a one year high of $44.19. The stock has a market capitalization of $10,170.00, a price-to-earnings ratio of 32.75, a PEG ratio of 1.45 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. During the same quarter last year, the firm posted $0.29 earnings per share. sell-side analysts anticipate that Copart will post 1.5 EPS for the current fiscal year.

In related news, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction that occurred on 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 completion of the transaction, the president now owns 47,660 shares in the company, valued at $1,635,691.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. Insiders sold 476,667 shares of company stock valued at $17,252,147 in the last quarter. 16.40% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in Copart by 2.6% in the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock worth $140,000 after acquiring an additional 111 shares during the last quarter. Sei Investments Co. lifted its stake in Copart by 3.2% in the third quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock worth $1,544,000 after acquiring an additional 1,382 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in Copart by 8.2% in the second quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock worth $712,000 after acquiring an additional 1,700 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Copart by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock worth $792,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Navellier & Associates Inc lifted its stake in Copart by 9.9% in the second quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock worth $633,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

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About Copart

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.

Analyst Recommendations for Copart (NASDAQ:CPRT)

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