Copart - CPRT Stock Forecast, Price & News

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. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency processing, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also include buying vehicles through CashForCars.com and Copart Direct. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the general public. It operates in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. Copart, Inc. was founded in 1982 and is headquartered in Dallas, Texas.

Analysts Set New Price Targets

CPRT has been the topic of a number of research reports. Stephens raised their price target on Copart to $145.00 and gave the company an "overweight" rating in a research report on Friday, May 20th. Guggenheim reduced their price target on shares of Copart to $151.00 in a research report on Friday, May 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $157.75.

Copart Trading Up 1.2 %

Copart stock traded up $1.51 during trading hours on Monday, reaching $131.48. The company had a trading volume of 19,397 shares, compared to its average volume of 1,218,946. The firm has a market cap of $31.25 billion, a price-to-earnings ratio of 28.95 and a beta of 1.15. Copart has a 12-month low of $102.21 and a 12-month high of $161.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.47 and a quick ratio of 5.35. The company has a 50-day moving average price of $116.42 and a 200 day moving average price of $118.68.

Copart (NASDAQ:CPRT - Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $939.94 million for the quarter, compared to analysts' expectations of $860.41 million. Copart had a net margin of 32.15% and a return on equity of 26.69%. During the same quarter in the previous year, the company earned $1.09 earnings per share. Equities analysts forecast that Copart will post 4.42 earnings per share for the current year.

Insider Buying and Selling at Copart

In other news, Director Matt Blunt sold 10,000 shares of Copart stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $115.72, for a total value of $1,157,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Daniel J. Englander sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $110.78, for a total value of $8,862,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 10,000 shares of the company's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $115.72, for a total value of $1,157,200.00. The disclosure for this sale can be found here. 11.18% of the stock is currently owned by corporate insiders.