Copart (CPRT) Receiving Somewhat Favorable Media Coverage, Study Finds

Media headlines about Copart (NASDAQ:CPRT) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Copart earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.2163812856968 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Copart (NASDAQ CPRT) traded up $0.31 during mid-day trading on Friday, reaching $44.11. The company’s stock had a trading volume of 1,506,883 shares, compared to its average volume of 1,471,090. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26. Copart has a 12 month low of $27.56 and a 12 month high of $44.42. The firm has a market capitalization of $10,202.82, a P/E ratio of 32.92, a P/E/G ratio of 1.46 and a beta of 1.31.

Copart (NASDAQ:CPRT) last issued its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The company had revenue of $419.17 million during the quarter, compared to the consensus estimate of $377.37 million. During the same period in the previous year, the firm posted $0.29 earnings per share. analysts anticipate that Copart will post 1.5 earnings per share for the current fiscal year.

Several brokerages recently weighed in on CPRT. Robert W. Baird reissued a “buy” rating and issued a $44.00 price objective on shares of Copart in a report on Friday, November 24th. Jefferies Group lifted their target price on Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Wolfe Research assumed coverage on Copart in a research note on Tuesday, November 7th. They issued a “market perform” rating for the company. Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Finally, BidaskClub upgraded Copart from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.40.

In other news, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Meeks sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at $120,155. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 476,667 shares of company stock valued at $17,252,147. Insiders own 16.40% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Copart (NASDAQ:CPRT)

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