Brokerages Set Copart, Inc. (NASDAQ:CPRT) Price Target at $51.00

Shares of Copart, Inc. (NASDAQ:CPRTGet Free Report) have been given an average rating of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $51.00.

A number of research analysts recently issued reports on CPRT shares. JPMorgan Chase & Co. lifted their target price on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st.

Check Out Our Latest Research Report on CPRT

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock worth $55,519,950 in the last quarter. 10.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Copart

A number of institutional investors have recently bought and sold shares of the business. Rathbones Group PLC boosted its position in Copart by 2.9% during the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock worth $383,000 after acquiring an additional 221 shares during the period. Panagora Asset Management Inc. boosted its position in Copart by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 25,133 shares of the business services provider’s stock worth $1,232,000 after acquiring an additional 226 shares during the period. Pinnacle Bancorp Inc. boosted its position in Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares during the period. Wedmont Private Capital boosted its position in Copart by 1.5% during the 1st quarter. Wedmont Private Capital now owns 16,791 shares of the business services provider’s stock worth $952,000 after acquiring an additional 243 shares during the period. Finally, Savant Capital LLC boosted its position in Copart by 3.8% during the 4th quarter. Savant Capital LLC now owns 6,933 shares of the business services provider’s stock worth $340,000 after acquiring an additional 251 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of CPRT opened at $54.93 on Friday. The firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 39.52 and a beta of 1.22. Copart has a one year low of $38.35 and a one year high of $58.58. The stock’s fifty day moving average is $54.62 and its 200-day moving average is $50.31.

Copart (NASDAQ:CPRTGet Free Report) last released its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Analysts forecast that Copart will post 1.42 EPS for the current fiscal year.

About Copart

(Get Free Report

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.

Further Reading

Analyst Recommendations for Copart (NASDAQ:CPRT)

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