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.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. Copart had a return on equity of 31.33% and a net margin of 28.12%. The company had revenue of $553.12 million for the quarter, compared to the consensus estimate of $535.62 million. During the same quarter in the previous year, the business earned $0.52 EPS. Copart’s revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that Copart will post 2.21 earnings per share for the current fiscal year.

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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Analyst Recommendations for Copart (NASDAQ:CPRT)

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