Copart (CPRT) Reaches New 12-Month High and Low at $52.73

Copart (NASDAQ:CPRT) shares hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $52.73 and last traded at $51.08, with a volume of 562122 shares trading hands. The stock had previously closed at $51.94.

A number of brokerages recently issued reports on CPRT. Stephens set a $54.00 price target on shares of Copart and gave the company a “buy” rating in a research report on Tuesday, February 27th. Jefferies Group reissued a “hold” rating and set a $47.00 price target on shares of Copart in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, February 8th. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Guggenheim began coverage on shares of Copart in a research report on Tuesday, April 17th. They set a “buy” rating and a $58.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Copart has an average rating of “Buy” and an average price target of $49.13.

The company has a market cap of $11,947.71, a price-to-earnings ratio of 39.67, a PEG ratio of 1.47 and a beta of 0.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.78.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The business had revenue of $459.11 million during the quarter, compared to analyst estimates of $427.11 million. Copart had a net margin of 20.95% and a return on equity of 30.94%. Copart’s revenue was up 31.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. equities analysts forecast that Copart will post 1.74 EPS for the current year.

In other Copart news, Director Matt Blunt sold 13,333 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $50.74, for a total transaction of $676,516.42. Following the completion of the sale, the director now directly owns 3,333 shares in the company, valued at approximately $169,116.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CPRT. Public Employees Retirement Association of Colorado grew its stake in shares of Copart by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock worth $1,839,000 after acquiring an additional 1,265 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Copart by 6.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 1,442 shares during the period. Comerica Bank grew its stake in shares of Copart by 1.0% in the fourth quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock worth $7,759,000 after acquiring an additional 1,782 shares during the period. Ashford Capital Management Inc. grew its stake in shares of Copart by 0.5% in the fourth quarter. Ashford Capital Management Inc. now owns 465,912 shares of the business services provider’s stock worth $20,123,000 after acquiring an additional 2,110 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Copart by 5.4% in the fourth quarter. Amalgamated Bank now owns 41,769 shares of the business services provider’s stock worth $1,804,000 after acquiring an additional 2,157 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

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About Copart

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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