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.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CPRT shares. Stephens upped their target price on Copart to $145.00 and gave the company an "overweight" rating in a report on Friday, May 20th. Guggenheim lowered their target price on Copart to $151.00 in a report on Friday, May 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Copart has a consensus rating of "Hold" and a consensus price target of $157.75.

Copart Price Performance

Shares of NASDAQ:CPRT traded up $1.46 on Friday, hitting $129.97. The company 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. Copart has a 52-week low of $102.21 and a 52-week high of $161.12. The business has a 50 day moving average of $116.42 and a 200 day moving average of $118.70. The company has a market cap of $30.89 billion, a PE ratio of 28.95 and a beta of 1.15.

Copart (NASDAQ:CPRT - Get Rating) last issued its quarterly earnings data on Wednesday, May 18th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $860.41 million. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, equities analysts anticipate that Copart will post 4.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Matt Blunt sold 10,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Daniel J. Englander sold 80,000 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $110.78, for a total transaction of $8,862,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matt Blunt sold 10,000 shares of the stock in a transaction dated 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 company insiders.