Copart, Inc. [CPRT] stock is trading at $56.25, up 1.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CPRT shares have gain 2.98% over the last week, with a monthly amount glided 11.43%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 11, March 2024, Copart Appoints Jeff Liaw as CEO and Director and Jay Adair as Executive Chairman. In a post published today on Yahoo Finance, Copart, Inc. (NASDAQ: CPRT) today announced that its Board of Directors has appointed Jeff Liaw as the company’s sole Chief Executive Officer (CEO) and as a member of the Board of Directors. Mr. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company’s CEO from February 2010 to February 2022 and as Co-CEO along with Mr. Liaw since March 2022 will step down from that role. In addition, the Board of Directors has appointed Mr. Adair as Executive Chairman, and he will remain an active executive officer of the company in that capacity. The above changes are effective April 1, 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 $55.83 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 $56.25 at the most recent close of the market. An investor can expect a potential drop of -53.19% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 55.33 points at the first support level, and at 54.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.81, and for the 2nd resistance point, it is at 57.37.
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. Further, the Quick Ratio stands at 6.78, while the Cash Ratio is 2.39. Considering the valuation of this stock, the price to sales ratio is 13.32, the price to book ratio is 7.97 and price to earnings (TTM) ratio is 40.26.
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.
