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.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $128.51 on Friday. The company's 50 day moving average price is $116.12 and its two-hundred day moving average price is $118.71. Copart has a 12-month low of $102.21 and a 12-month high of $161.12. The company has a quick ratio of 5.35, a current ratio of 5.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $30.54 billion, a PE ratio of 28.62 and a beta of 1.15.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Guggenheim dropped their target price on shares of Copart to $151.00 in a report on Friday, May 20th. Stephens upped their price target on shares of Copart to $145.00 and gave the company an "overweight" rating in a research note on Friday, May 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $157.75.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 80,000 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $110.78, for a total transaction of $8,862,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Daniel J. Englander sold 80,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $110.78, for a total value of $8,862,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 10,000 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were 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 currently owned by insiders.