News headlines about Copart (NASDAQ:CPRT) have been trending somewhat positive on Thursday, AlphaOne Sentiment reports. The research firm, a division of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Copart earned a news impact score of 0.22 on AlphaOne’s scale. AlphaOne also gave media stories about the business services provider an impact score of 97 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Alpha One Sentiment’s analysis:
- Takl Announces Expansion into Sacramento Area with Fast-Growing on-Demand Home Services App (enhancedonlinenews.com)
- 65.6% Return Seen to Date on SmarTrend Copart Call (CPRT) (mysmartrend.com)
- Copart’s (CPRT) Hold Rating Reaffirmed at Jefferies Group LLC (americanbankingnews.com)
- Copart (CPRT) Getting Somewhat Favorable Press Coverage, Study Shows (americanbankingnews.com)
- Northcoast Research Weighs in on Copart, Inc.’s Q3 2017 Earnings (CPRT) (americanbankingnews.com)
Several research analysts recently issued reports on CPRT shares. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Friday, February 24th. Jefferies Group LLC reissued a “hold” rating and issued a $30.00 price objective on shares of Copart in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Copart presently has a consensus rating of “Hold” and a consensus target price of $53.67.
Copart (NASDAQ:CPRT) traded up 0.83% on Thursday, hitting $30.23. The stock had a trading volume of 698,944 shares. Copart has a 52-week low of $20.93 and a 52-week high of $31.57. The stock’s 50-day moving average is $55.58 and its 200-day moving average is $55.56. The company has a market cap of $6.94 billion, a P/E ratio of 18.30 and a beta of 1.00.
Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, February 21st. The business services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Copart had a net margin of 29.00% and a return on equity of 35.43%. The business earned $349.50 million during the quarter, compared to the consensus estimate of $339.23 million. During the same quarter last year, the firm earned $0.45 earnings per share. Analysts expect that Copart will post $1.25 earnings per share for the current year.
In other Copart news, Director James E. Meeks sold 16,500 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $60.52, for a total transaction of $998,580.00. Following the completion of the transaction, the director now owns 16,500 shares of the company’s stock, valued at $998,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO A Jayson Adair sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $62.06, for a total transaction of $12,412,000.00. The disclosure for this sale can be found here. Insiders have sold 269,703 shares of company stock valued at $16,631,490 in the last ninety days. Insiders own 17.00% of the company’s stock.
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Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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