Copart, Inc. (NASDAQ:CPRT) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $49.67.
CPRT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price target on shares of Copart in a research note on Tuesday, April 18th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Copart during the fourth quarter worth about $37,267,000. Legacy Private Trust Co. raised its position in shares of Copart by 53.8% in the first quarter. Legacy Private Trust Co. now owns 42,377 shares of the business services provider’s stock worth $2,624,000 after buying an additional 14,828 shares during the period. Private Trust Co. NA acquired a new position in shares of Copart during the first quarter worth about $474,000. BKD Wealth Advisors LLC acquired a new position in shares of Copart during the first quarter worth about $289,000. Finally, Americafirst Capital Management LLC purchased a new position in Copart during the first quarter valued at about $497,000. Institutional investors and hedge funds own 42.25% of the company’s stock.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $386.61 million. Copart had a net margin of 29.10% and a return on equity of 33.20%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Analysts predict that Copart will post $1.25 EPS for the current year.
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Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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