Are Copart, Inc (CPRT) stocks a prudent buy?

A share price of Copart, Inc [CPRT] is currently trading at $62.08, down -0.85%. 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 0.27% over the last week, with a monthly amount glided 8.57%, 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.

Copart, Inc experienced fluctuations in its stock price throughout the past year between $46.21 and $64.38. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Copart, Inc [NASDAQ: CPRT] shares were valued at $62.08 at the most recent close of the market. An investor can expect a potential drop of -42.82% based on the average CPRT price forecast.

Analyzing the CPRT fundamentals

Trailing Twelve Months sales for Copart, Inc [NASDAQ:CPRT] were 4.36B which represents 12.39% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 61.78 points at the first support level, and at 61.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.60, and for the 2nd resistance point, it is at 63.13.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Copart, Inc [NASDAQ:CPRT] 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 13.71, the price to book ratio is 7.58 and price to earnings (TTM) ratio is 43.51.

Transactions by insiders

Recent insider trading involved TRYFOROS THOMAS N, Director, that happened on Dec 05 ’24 when 83310.0 shares were sold. Director, TRYFOROS THOMAS N completed a deal on Dec 05 ’24 to buy 83310.0 shares. Meanwhile, Executive Chairman ADAIR A JAYSON sold 0.25 million shares on Nov 26 ’24.

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