Copart, Inc. (NASDAQ:CPRT) Given Average Recommendation of “Hold” by Analysts
Copart, Inc. (NASDAQ:CPRT) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $66.77.
A number of equities analysts recently weighed in on CPRT shares. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Barrington Research restated a “hold” rating on shares of Copart in a research note on Friday, May 24th. Guggenheim downgraded shares of Copart from a “buy” rating to a “neutral” rating and set a $67.07 target price for the company. in a report on Friday, May 17th. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Finally, ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st.
Shares of CPRT traded down $0.20 during trading hours on Thursday, hitting $78.10. The company had a trading volume of 29,176 shares, compared to its average volume of 875,428. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 1.80 and a beta of 0.85. The company’s 50 day moving average is $75.76. The company has a current ratio of 2.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25. Copart has a 52-week low of $44.61 and a 52-week high of $79.74.
In other news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $71.00, for a total transaction of $3,550,000.00. Following the completion of the sale, the director now owns 50,000 shares of the company’s stock, valued at $3,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO A Jayson Adair sold 179,461 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $74.54, for a total transaction of $13,377,022.94. The disclosure for this sale can be found here. Insiders have sold 423,458 shares of company stock valued at $31,198,755 over the last quarter. Insiders own 15.99% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wesbanco Bank Inc. raised its stake in shares of Copart by 1.3% in the 1st quarter. Wesbanco Bank Inc. now owns 11,975 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 155 shares during the period. World Asset Management Inc increased its position in shares of Copart by 1.4% in the 2nd quarter. World Asset Management Inc now owns 13,060 shares of the business services provider’s stock valued at $976,000 after purchasing an additional 178 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Copart by 1.3% in the 1st quarter. Keybank National Association OH now owns 17,829 shares of the business services provider’s stock valued at $1,080,000 after buying an additional 225 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in shares of Copart by 1.0% in the 2nd quarter. Hartford Investment Management Co. now owns 22,136 shares of the business services provider’s stock valued at $1,654,000 after buying an additional 230 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Copart by 1.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 14,452 shares of the business services provider’s stock valued at $876,000 after buying an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 83.85% of the company’s stock.
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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