Copart, Inc. [CPRT] stock is trading at $54.62, up 1.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The CPRT shares have gain 2.90% over the last week, with a monthly amount glided 9.26%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Copart Reports Second Quarter Fiscal 2024 Financial Results. In a post published today on Yahoo Finance, Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2024.
From an analyst’s perspective:
Previously, HSBC Securities started tracking the stock with Hold rating on December 04, 2023, and set its price target to $51. On September 08, 2023, Argus initiated with a Buy rating and assigned a price target of $53 on the stock. Northcoast downgraded its rating to a Neutral. Stephens upgraded its rating to a Overweight and raised its price target to $140 on February 12, 2021. Northcoast upgraded its rating to Buy for this stock on February 05, 2021. In a note dated December 07, 2020, Exane BNP Paribas initiated an Outperform rating.
Copart, Inc. [CPRT] stock has fluctuated between $33.62 and $54.35 over the past year. Currently, Wall Street analysts expect the stock to reach $26.33 within the next 12 months. Copart, Inc. [NASDAQ: CPRT] shares were valued at $54.62 at the most recent close of the market. An investor can expect a potential drop of -51.79% based on the average CPRT price forecast.
Analyzing the CPRT fundamentals
Copart, Inc. [NASDAQ:CPRT] reported sales of 4.06B for the trailing twelve months, which represents a growth of 6.63%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.22 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.09 points at the first support level, and at 53.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.00, and for the 2nd resistance point, it is at 55.37.
Copart, Inc. [CPRT] reported earnings per share of $0.33 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of -$0.02 and a surprise factor of -5.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.34 per share as compared to estimates of $0.32 per share, a difference of $0.02 representing a surprise of 6.30%.
Ratios To Look Out For
For context, Copart, Inc.’s Current Ratio is 6.86. On the other hand, the Quick Ratio is 6.78, and the Cash Ratio is 2.39. Considering the valuation of this stock, the price to sales ratio is 12.93, the price to book ratio is 7.74 and price to earnings (TTM) ratio is 39.10.
Transactions by insiders
Recent insider trading involved Blunt Matt, Director, that happened on Feb 26 ’24 when 100000.0 shares were sold. Director, Englander Daniel J completed a deal on Jan 03 ’24 to sell 0.32 million shares. Meanwhile, Chairman of the Board JOHNSON WILLIS J sold 0.1 million shares on Dec 01 ’23.
