Currently, Copart, Inc. [CPRT] is trading at $55.22, up 0.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The CPRT shares have gain 3.80% over the last week, with a monthly amount drifted -3.50%, and not seem to be holding up well over a long-time horizon.
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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.
This stock has fluctuated between a low of $38.35 and a high of $58.58 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $26.33 within the next 12 months. Copart, Inc. [NASDAQ: CPRT] shares were valued at $55.22 at the most recent close of the market. An investor can expect a potential drop of -52.32% based on the average CPRT price forecast.
Analyzing the CPRT fundamentals
Trailing Twelve Months sales for Copart, Inc. [NASDAQ:CPRT] were 4.06B which represents 6.63% growth. 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 54.57 points at the first support level, and at 53.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.62, and for the 2nd resistance point, it is at 56.01.
Copart, Inc. [CPRT] reported earnings per share of $0.33 for its fiscal quarter that ended on 1/31/2024. 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 10/31/2023 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
To put it in perspective, the Current Ratio for Copart, Inc. [NASDAQ:CPRT] 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 13.08, the price to book ratio is 7.82 and price to earnings (TTM) ratio is 39.53.
Transactions by insiders
Recent insider trading involved ADAIR A JAYSON, Executive Chairman, that happened on Mar 28 ’24 when 0.6 million shares were sold. Director, TRYFOROS THOMAS N completed a deal on Mar 13 ’24 to sell 0.28 million shares. Meanwhile, Director Blunt Matt sold 100000.0 shares on Feb 26 ’24.
