Copart, Inc. (NASDAQ:CPRT) has been given a consensus recommendation of "Buy" by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $125.33.
Separately, Truist Securities raised their price objective on shares of Copart from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 21st.
Shares of CPRT opened at $131.68 on Thursday. Copart has a fifty-two week low of $78.55 and a fifty-two week high of $132.60. The firm has a market capitalization of $31.15 billion, a P/E ratio of 37.41 and a beta of 1.03. The business's 50-day simple moving average is $124.75. The company has a quick ratio of 3.54, a current ratio of 3.63 and a debt-to-equity ratio of 0.12.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, May 18th. The business services provider reported $1.09 EPS for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.29. The firm had revenue of $733.90 million during the quarter, compared to the consensus estimate of $623.52 million. Copart had a net margin of 34.26% and a return on equity of 28.29%. The firm's revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, sell-side analysts forecast that Copart will post 3.49 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in CPRT. Sandy Spring Bank lifted its holdings in shares of Copart by 130.0% during the 1st quarter. Sandy Spring Bank now owns 230 shares of the business services provider's stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. CSat Investment Advisory L.P. grew its position in shares of Copart by 58.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 327 shares of the business services provider's stock valued at $36,000 after buying an additional 121 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Copart during the 1st quarter valued at about $38,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Copart during the 4th quarter valued at about $48,000. Finally, Solstein Capital LLC acquired a new position in Copart during the 1st quarter valued at about $46,000. 80.02% of the stock is owned by hedge funds and other institutional investors.
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.
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