Copart, Inc (CPRT) stock: 12-month forecast projects -44.31% potential drop%

Copart, Inc [CPRT] stock prices are up 1.67% to $63.75 at the moment. 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 12.57% over the last week, with a monthly amount glided 23.28%, and 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.

The stock price of Copart, Inc [CPRT] has been fluctuating between $46.21 and $62.90 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 $63.75 at the most recent close of the market. An investor can expect a potential drop of -44.31% based on the average CPRT price forecast.

Analyzing the CPRT fundamentals

The Copart, Inc [NASDAQ:CPRT] reported sales of 4.36B for trailing twelve months, representing a surge of 12.39%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.36%, 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 0.19 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 63.12 points at the first support level, and at 62.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.28, and for the 2nd resistance point, it is at 64.82.

Ratios To Look Out For

It’s worth pointing out that Copart, Inc [NASDAQ:CPRT]’s Current Ratio is 6.41. In addition, the Quick Ratio stands at 6.34 and the Cash Ratio stands at 5.17. Considering the valuation of this stock, the price to sales ratio is 15.51, the price to book ratio is 8.16 and price to earnings (TTM) ratio is 44.71.

Transactions by insiders

Recent insider trading involved JOHNSON WILLIS J, Officer, that happened on Nov 25 ’24 when 47000.0 shares were purchased. Executive Chairman, ADAIR A JAYSON completed a deal on Mar 28 ’24 to sell 0.6 million shares. Meanwhile, Director TRYFOROS THOMAS N sold 0.28 million shares on Mar 13 ’24.

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