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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Guggenheim reduced their target price on shares of Copart to $151.00 in a research note on Friday, May 20th. Stephens raised their price objective on Copart to $145.00 and gave the stock an "overweight" rating in a research report on Friday, May 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $157.75.

Copart Price Performance

NASDAQ:CPRT traded up $1.46 during mid-day trading on Friday, hitting $129.97. The company's stock had a trading volume of 997,059 shares, compared to its average volume of 1,074,292. The company has a current ratio of 5.47, a quick ratio of 5.35 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $116.42 and a 200-day moving average of $118.70. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 28.95 and a beta of 1.15. Copart has a fifty-two week low of $102.21 and a fifty-two week high of $161.12.

Copart (NASDAQ:CPRT - Get Rating) last posted its earnings results on Wednesday, May 18th. The business services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. Copart had a return on equity of 26.69% and a net margin of 32.15%. The business had revenue of $939.94 million during the quarter, compared to the consensus estimate of $860.41 million. During the same quarter last year, the company earned $1.09 EPS. As a group, equities analysts forecast that Copart will post 4.42 EPS for the current fiscal year.

Insider Transactions at Copart

In related news, Director Matt Blunt sold 10,000 shares of Copart stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $115.72, for a total transaction of $1,157,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel J. Englander sold 80,000 shares of the firm's stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 10,000 shares of the company's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $115.72, for a total transaction of $1,157,200.00. The disclosure for this sale can be found here. 11.18% of the stock is owned by insiders.