Copart Inc. [CPRT] shares are up more than 35.10% this year and recently increased 0.01% or $1.45 to settle at $117.64. Analysts expect CPRT to grow earnings at a 22.30% annual rate over the next 5 years. CPRT has a short ratio of 2.50. This implies that the market is currently less bullish on the outlook for CPRT.

On 11, November 2020, Copart, Inc. to Webcast First Quarter Fiscal 2021 Results. According to news published on Yahoo Finance, Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the first quarter of fiscal 2021 after the close of market on Wednesday, November 18, 2020.

Analyst Birdseye View:

The most recent analyst activity for Copart Inc. [NASDAQ:CPRT] stock was on April 23, 2020, when it was Upgrade with a Neutral rating from JP Morgan, which also raised its 12-month price target on the stock to $65. On April 09, 2020, Jefferies Upgrade a Buy rating and plunged its price target on this stock from $100 to $84. On March 23, 2020, Northcoast Upgrade a Buy rating. On October 18, 2019, Guggenheim Upgrade a Buy rating and increased its price target to $93. On May 17, 2019, Guggenheim Downgrade a Neutral rating. On September 21, 2018, JP Morgan Downgrade an Underweight rating and boosted its target amount on this stock to $47. Gabelli & Co elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $55.69 and a peak of $130.96. Right now, the middling Wall Street analyst 12-month amount mark is $118.00. At the most recent market close, shares of Copart Inc. [NASDAQ:CPRT] were valued at $117.64. According to the average price forecast, investors can expect a potential return of 0.6%.

FUNDAMENTAL ANALYSIS

Copart Inc. [NASDAQ:CPRT] most recently reported quarterly sales of 525.66 billion, which represented growth of -3.10%. This publicly-traded organization’s revenue is $290,208 per employee, while its income is $92,093 per employee. This company’s Gross Margin is currently 45.70%, its Operating Margin is 37.00%, its Pretax Margin is +36.31, and its Net Margin is +31.73. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 23.32, 32.80, 31.47 and 27.12 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 17.23 and the whole liability to whole assets at 15.00. It shows enduring liability to the whole principal at 16.38 and enduring liability to assets at 0.14 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 114.67 points at 1st support level, the second support level is making up to 113.16. But as of 1st resistance point, this stock is sitting at 117.22 and at 118.26 for 2nd resistance point.

Copart Inc. [CPRT] reported its earnings at $0.69 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.38/share signifying the difference of 0.31 and 81.60% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were $0.58 calling estimates for $0.64/share with the difference of -0.06 depicting the surprise of -9.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Copart Inc. [NASDAQ:CPRT] is 2.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.34. Now if looking for a valuation of this stock’s amount to sales ratio it’s 10.09, it’s amount to book ratio is 8.81 and showing 39.61 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Liaw Jeffrey, Chief Financial Officer, and it was the sale of 2279.0 shares on Jun 25. Liaw Jeffrey, the Chief Financial Officer, completed a sale of 94334.0 shares on Jun 25. On Jun 03, JOHNSON WILLIS J, Chairman of the Board, completed a sale of 0.61 million shares.