Copart, Inc (CPRT) stock hits $55.77: Is it a good time to buy or wait for a dip?

Copart, Inc [CPRT] stock is trading at $55.77, up 0.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPRT shares have gain 8.35% over the last week, with a monthly amount drifted -0.13%, and not 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

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 $45.74 and $58.58 over the past year. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Copart, Inc [NASDAQ: CPRT] shares were valued at $55.77 at the most recent close of the market. An investor can expect a potential drop of -36.35% based on the average CPRT price forecast.

Analyzing the CPRT fundamentals

Copart, Inc [NASDAQ:CPRT] reported sales of 4.24B for the trailing twelve months, which represents a growth of 7.16%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.2 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 55.40 points at the first support level, and at 55.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.17, and for the 2nd resistance point, it is at 56.56.

Ratios To Look Out For

For context, Copart, Inc’s Current Ratio is 6.82. In addition, the Quick Ratio stands at 6.75 and the Cash Ratio stands at 2.41. Considering the valuation of this stock, the price to sales ratio is 12.68, the price to book ratio is 7.14 and price to earnings (TTM) ratio is 39.89.

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.

Related Posts