Key Points
- Director Thomas Tryforos sold 100,000 shares of Copart at an average price of $39.07 on Nov. 25, a transaction valued at about $3.907 million disclosed in an SEC filing.
- Copart's latest quarter (reported Nov. 20) showed EPS $0.41 (beating the $0.39 estimate) and revenue of $1.16 billion (slightly below expectations), with a net margin of 33.41% and ROE of 18.17%.
- Shares trade around $39 — near the 1‑year low and below the 50‑ and 200‑day moving averages — while analysts’ consensus is a "Hold" with an average target price of $47.60 and mixed ratings.
Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Thomas Tryforos sold 100,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total value of $3,907,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Copart Trading Up 0.4%
Shares of NASDAQ CPRT opened at $39.06 on Wednesday. The stock's 50-day moving average is $43.42 and its 200 day moving average is $47.46. The stock has a market cap of $37.80 billion, a price-to-earnings ratio of 24.41 and a beta of 1.06. Copart, Inc. has a 1-year low of $38.67 and a 1-year high of $64.38.
Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.18 billion. Copart had a net margin of 33.41% and a return on equity of 18.17%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CPRT shares. HSBC set a $62.00 target price on shares of Copart and gave the stock a "buy" rating in a research report on Thursday, September 4th. Robert W. Baird reduced their price objective on Copart from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday, November 21st. JPMorgan Chase & Co. decreased their price objective on Copart from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday. Barclays restated an "underweight" rating and set a $33.00 target price (up from $32.00) on shares of Copart in a report on Friday. Finally, Stephens reduced their price target on Copart from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $47.60.
Check Out Our Latest Stock Analysis on CPRT
Hedge Funds Weigh In On Copart
Hedge funds and other institutional investors have recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in Copart during the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new stake in Copart in the 3rd quarter worth approximately $27,000. LRI Investments LLC grew its position in shares of Copart by 125.2% in the 3rd quarter. LRI Investments LLC now owns 653 shares of the business services provider's stock worth $29,000 after buying an additional 363 shares during the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Copart during the second quarter valued at approximately $31,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Copart during the second quarter valued at approximately $31,000. 85.78% of the stock is owned by institutional investors.
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
