A number of other equities analysts have also weighed in on CPRT. Guggenheim increased their target price on Copart from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. ValuEngine lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks increased their target price on Copart from $92.00 to $100.00 and gave the stock an “average” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Copart currently has a consensus rating of “Hold” and an average price target of $85.60.
Shares of Copart stock traded down $0.10 during trading hours on Tuesday, hitting $96.57. The company’s stock had a trading volume of 10,941 shares, compared to its average volume of 1,668,556. Copart has a 12 month low of $48.88 and a 12 month high of $97.16. The stock has a 50 day moving average of $90.90 and a 200 day moving average of $82.46. The company has a market capitalization of $22.39 billion, a PE ratio of 42.97 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.30 and a quick ratio of 2.24.
In related news, Director Thomas N. Tryforos sold 81,467 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.84, for a total transaction of $7,807,797.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO A Jayson Adair sold 327,318 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $90.49, for a total value of $29,619,005.82. The disclosure for this sale can be found here. Insiders sold a total of 538,785 shares of company stock valued at $49,564,503 over the last three months. Corporate insiders own 14.34% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CPRT. Venturi Wealth Management LLC purchased a new stake in shares of Copart during the 3rd quarter worth about $25,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Copart during the 3rd quarter worth approximately $26,000. Financial Advantage Inc. acquired a new stake in shares of Copart during the 3rd quarter worth approximately $28,000. Griffin Asset Management Inc. bought a new position in shares of Copart during the 2nd quarter worth approximately $34,000. Finally, Commonwealth Bank of Australia lifted its position in shares of 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 buying an additional 295 shares during the period. 78.73% of the stock is owned by institutional investors and hedge funds.
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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