Copart, Inc. (NASDAQ:CPRT) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have given Copart, Inc. a consensus rating of "Moderate Buy", with an average 12-month target price of $54.50 based on coverage from six research firms.
• CEO Jeffrey Liaw recently sold 24,088 shares of Copart, reducing his ownership by 43.31% after the transaction was completed.
• Copart reported a quarterly EPS of $0.41, exceeding analysts' expectations of $0.37, with a revenue of $1.13 billion, reflecting a 2.9% year-over-year increase.

Shares of Copart, Inc. (NASDAQ:CPRT - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $54.50.

Several brokerages have recently weighed in on CPRT. Hsbc Global Res raised Copart from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. HSBC set a $62.00 price target on Copart and gave the company a "buy" rating in a research note on Thursday, September 4th. Robert W. Baird decreased their price target on Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. JPMorgan Chase & Co. decreased their target price on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Stephens decreased their target price on Copart from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday.

Copart Stock Performance

Shares of CPRT stock traded down $0.45 on Friday, hitting $48.30. The company had a trading volume of 827,560 shares, compared to its average volume of 5,799,350. The firm has a market cap of $46.70 billion, a P/E ratio of 30.18 and a beta of 1.03. The stock's 50-day moving average is $47.46 and its two-hundred day moving average is $52.67. Copart has a twelve month low of $45.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities research analysts predict that Copart will post 1.57 EPS for the current year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the transaction, the chief executive officer owned 31,527 shares in the company, valued at approximately $1,463,798.61. This represents a 43.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC lifted its holdings in shares of Copart by 84.4% in the second quarter. SevenBridge Financial Group LLC now owns 49,013 shares of the business services provider's stock valued at $2,313,000 after purchasing an additional 22,429 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Copart by 24.0% during the second quarter. Osaic Holdings Inc. now owns 182,179 shares of the business services provider's stock valued at $9,167,000 after buying an additional 35,295 shares during the last quarter. American Trust boosted its position in shares of Copart by 16.1% during the second quarter. American Trust now owns 13,935 shares of the business services provider's stock valued at $684,000 after buying an additional 1,933 shares during the last quarter. Centaurus Financial Inc. boosted its position in shares of Copart by 0.7% during the second quarter. Centaurus Financial Inc. now owns 42,780 shares of the business services provider's stock valued at $2,099,000 after buying an additional 294 shares during the last quarter. Finally, Munro Partners purchased a new position in shares of Copart during the second quarter valued at approximately $6,777,000. Institutional investors own 85.78% of the company's stock.

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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.