Copart, Inc. (NASDAQ:CPRT) Given Average Rating of “Hold” by Analysts

Copart, Inc. (NASDAQ:CPRT) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $51.00.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st.

Copart Stock Up 1.1 %

Shares of Copart stock opened at $54.93 on Friday. The firm has a market capitalization of $52.82 billion, a P/E ratio of 39.52 and a beta of 1.22. Copart has a 52 week low of $38.35 and a 52 week high of $58.58. The firm’s 50 day moving average is $54.62 and its two-hundred day moving average is $50.31.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, research analysts expect that Copart will post 1.42 earnings per share for the current fiscal year.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart 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 transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart 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 transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 in the last three months. Insiders own 10.23% of the company’s stock.

Institutional Investors Weigh In On Copart

Several institutional investors have recently made changes to their positions in CPRT. Vontobel Holding Ltd. boosted its position in shares of Copart by 103.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 69,396 shares of the business services provider’s stock worth $2,990,000 after purchasing an additional 35,322 shares in the last quarter. CWM LLC boosted its position in shares of Copart by 108.1% during the 3rd quarter. CWM LLC now owns 24,693 shares of the business services provider’s stock worth $1,064,000 after purchasing an additional 12,826 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Copart by 90.9% during the 3rd quarter. AE Wealth Management LLC now owns 19,503 shares of the business services provider’s stock worth $840,000 after purchasing an additional 9,287 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Copart by 105.8% during the 3rd quarter. Moody National Bank Trust Division now owns 9,881 shares of the business services provider’s stock worth $426,000 after purchasing an additional 5,079 shares in the last quarter. Finally, DnB Asset Management AS boosted its position in shares of Copart by 101.3% during the 3rd quarter. DnB Asset Management AS now owns 181,858 shares of the business services provider’s stock worth $7,836,000 after purchasing an additional 91,496 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

About Copart

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.