Copart (CPRT) Reaches New 1-Year High and Low at $52.43

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.

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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.



Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.09. Copart had a return on equity of 30.94% and a net margin of 20.95%. The company had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $427.11 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Copart’s revenue was up 31.4% compared to the same quarter last year. equities analysts anticipate that Copart will post 1.74 earnings per share for the current fiscal year.

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.

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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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