Copart (NASDAQ:CPRT) hit a new 52-week high and low on Monday . The stock traded as low as $52.43 and last traded at $52.04, with a volume of 609817 shares. The stock had previously closed at $51.50.
CPRT has been the topic of several recent analyst reports. BidaskClub upgraded Copart from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Stephens set a $49.00 price target on Copart and gave the stock a “hold” rating in a report on Wednesday, January 17th. Consumer Edge raised Copart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 27th. SunTrust Banks initiated coverage on Copart in a research note on Thursday, March 22nd. They issued a “buy” rating and a $58.00 price objective on the stock. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Copart currently has an average rating of “Buy” and an average target price of $49.13.
The company has a market capitalization of $11,947.71, a PE ratio of 40.26, a P/E/G ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.74.
In related news, Director Matt Blunt sold 13,333 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $50.74, for a total value of $676,516.42. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at $169,116.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Copart by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,320,194 shares of the business services provider’s stock valued at $704,869,000 after acquiring an additional 370,808 shares in the last quarter. Alliancebernstein L.P. boosted its position in Copart by 2.1% during the 4th quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock valued at $301,707,000 after acquiring an additional 142,202 shares in the last quarter. Wells Fargo & Company MN boosted its position in Copart by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,787,054 shares of the business services provider’s stock valued at $120,373,000 after acquiring an additional 11,360 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in Copart during the 4th quarter valued at $78,758,000. Finally, TIAA CREF Investment Management LLC boosted its position in Copart by 2.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,818,956 shares of the business services provider’s stock valued at $78,561,000 after acquiring an additional 39,557 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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