Several analysts have recently updated their ratings and price targets for Copart (NASDAQ: CPRT):
- 5/18/2018 – Copart was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
- 5/12/2018 – Copart was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 5/2/2018 – Copart was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
- 5/1/2018 – Copart was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “In April, Copart announced the expansion of its location at Tucson, AZ, which is likely to enable it to offer improved efficiencies for both buyers and sellers in the state. In March, the company announced the acquisition of AVK, a leading Finland-based salvage auto auction company. This buyout will enable it to expand its presence in the Nordic region of Europe. Further, it is widening its existing networks to manage inflating volumes and access new markets. However, the company’s vulnerability to foreign currency fluctuations and higher operating expenses are its few concerns. Also, over a month, shares of Copart have underperformed the industry it belongs to.”
- 4/17/2018 – Copart is now covered by analysts at Guggenheim. They set a “buy” rating and a $58.00 price target on the stock.
- 4/11/2018 – Copart had its “hold” rating reaffirmed by analysts at Barrington Research.
- 3/22/2018 – Copart is now covered by analysts at SunTrust Banks. They set a “buy” rating and a $58.00 price target on the stock.
- 3/21/2018 – Copart was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
Shares of Copart opened at $56.29 on Friday, MarketBeat Ratings reports. Copart has a 12 month low of $55.19 and a 12 month high of $55.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.78. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 1.79 and a beta of 0.96.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Monday, February 26th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.38 by $0.09. Copart had a return on equity of 30.94% and a net margin of 20.95%. The company had revenue of $459.11 million for the quarter, compared to the consensus estimate of $427.11 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. sell-side analysts anticipate that Copart will post 1.74 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of Copart in the fourth quarter worth $101,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of Copart in the fourth quarter worth $108,000. Signaturefd LLC acquired a new stake in shares of Copart in the first quarter worth $111,000. Captrust Financial Advisors acquired a new stake in shares of Copart in the fourth quarter worth $172,000. Finally, Assetmark Inc. acquired a new stake in shares of Copart in the fourth quarter worth $196,000. Institutional investors and hedge funds own 81.36% of the company’s stock.
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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