Several other research analysts have also commented on CPRT. SunTrust Banks boosted their price objective on shares of Copart from $92.00 to $100.00 and gave the stock an “average” rating in a research note on Friday, November 22nd. Guggenheim boosted their price objective on shares of Copart from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Copart presently has an average rating of “Hold” and an average target price of $85.60.
Shares of NASDAQ CPRT traded down $0.10 during trading hours on Tuesday, hitting $96.57. 10,941 shares of the stock were exchanged, compared to its average volume of 1,668,556. The company has a quick ratio of 2.24, a current ratio of 2.30 and a debt-to-equity ratio of 0.27. The company has a market cap of $22.39 billion, a PE ratio of 42.97 and a beta of 0.80. The firm has a fifty day moving average price of $90.90 and a 200-day moving average price of $82.46. Copart has a 12 month low of $48.88 and a 12 month high of $97.16.
In other Copart news, Director Steven D. Cohan sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $92.14, for a total transaction of $7,371,200.00. Following the sale, the director now owns 80,000 shares of the company’s stock, valued at approximately $7,371,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO A Jayson Adair sold 327,318 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $90.49, for a total transaction of $29,619,005.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 538,785 shares of company stock valued at $49,564,503. 14.34% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CPRT. Venturi Wealth Management LLC purchased a new stake in Copart during the 3rd quarter worth approximately $25,000. Prime Capital Investment Advisors LLC purchased a new stake in Copart during the 3rd quarter worth approximately $26,000. Financial Advantage Inc. purchased a new stake in Copart during the 3rd quarter worth approximately $28,000. Griffin Asset Management Inc. purchased a new stake in Copart during the 2nd quarter worth approximately $34,000. Finally, Commonwealth Bank of Australia grew its position in Copart by 132.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 517 shares of the business services provider’s stock worth $37,000 after purchasing an additional 295 shares during the last quarter. 78.73% of the stock is currently owned by institutional investors.
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.
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