Copart (CPRT) Rating Reiterated by Barrington Research

Barrington Research reiterated their hold rating on shares of Copart (NASDAQ:CPRT) in a research report released on Wednesday.

CPRT has been the subject of a number of other reports. BidaskClub lowered shares of Copart from a buy rating to a hold rating in a research report on Wednesday, September 26th. Zacks Investment Research lowered shares of Copart from a buy rating to a hold rating in a research report on Thursday, August 2nd. ValuEngine lowered shares of Copart from a buy rating to a hold rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. lowered shares of Copart from a neutral rating to an underweight rating and cut their price objective for the company from $48.00 to $47.00 in a research report on Friday, September 21st. Finally, Northcoast Research restated a neutral rating on shares of Copart in a research report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Copart has a consensus rating of Hold and a consensus target price of $55.14.

CPRT stock opened at $48.73 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.56 and a quick ratio of 2.50. Copart has a 12 month low of $39.21 and a 12 month high of $67.08. The company has a market capitalization of $11.40 billion, a PE ratio of 25.92, a PEG ratio of 1.00 and a beta of 1.01.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, November 20th. The business services provider reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Copart had a net margin of 24.59% and a return on equity of 31.05%. The company had revenue of $461.40 million during the quarter, compared to analyst estimates of $460.09 million. During the same period last year, the business earned $0.32 earnings per share. Copart’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Copart will post 2.09 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Copart by 1.2% in the second quarter. Bank of America Corp DE now owns 1,441,175 shares of the business services provider’s stock valued at $81,512,000 after purchasing an additional 16,905 shares in the last quarter. Bank of Montreal Can raised its stake in Copart by 88.2% in the third quarter. Bank of Montreal Can now owns 214,279 shares of the business services provider’s stock valued at $11,042,000 after purchasing an additional 100,420 shares in the last quarter. United Services Automobile Association raised its stake in Copart by 161.5% in the second quarter. United Services Automobile Association now owns 85,521 shares of the business services provider’s stock valued at $4,837,000 after purchasing an additional 52,813 shares in the last quarter. Schroder Investment Management Group raised its stake in Copart by 62.9% in the second quarter. Schroder Investment Management Group now owns 516,749 shares of the business services provider’s stock valued at $28,944,000 after purchasing an additional 199,533 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Copart by 119.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 1,850 shares in the last quarter. 78.77% of the stock is currently owned by institutional investors and hedge funds.

Copart Company Profile

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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Analyst Recommendations for Copart (NASDAQ:CPRT)

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