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Why should you keep an eye on Copart Inc. (CPRT)?

Copart Inc. (NASDAQ: CPRT) is -14.60% lower on its value in year-to-date trading and has touched a low of $51.10 and a high of $76.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CPRT stock was last observed hovering at around $64.08 in the last trading session, with the day’s gains setting it 0.66% off its average median price target of $74.00 for the next 12 months. It is also 28.86% off the consensus price target high of $91.00 offered by 10 analysts, but current levels are 4.09% higher than the price target low of $67.50 for the same period.

Currently trading at $64.74, the stock is 9.41% and 14.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 1.03% at the moment leaves the stock 10.20% off its SMA200. CPRT registered -11.62% loss for a year compared to 6-month gain of 19.72%.

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The stock witnessed a 16.50% loss in the last 1 month and extending the period to 3 months gives it a 3.89%, and is 4.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.59% over the week and 2.89% over the month.

Copart Inc. (CPRT) has around 9500 employees, a market worth around $30.69B and $3.58B in sales. Current P/E ratio is 29.01 and Fwd P/E is 25.47. Profit margin for the company is 30.20%. Distance from 52-week low is 26.68% and -15.48% from its 52-week high. The company has generated returns on investments over the last 12 months (23.90%).

Copart Inc. (CPRT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Copart Inc. (CPRT) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.60, where 2 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Copart Inc. is expected to release its quarterly report on 02/22/2023.The EPS is expected to grow by 16.00% this year.

Copart Inc. (CPRT) Top Institutional Holders

The shares outstanding are 475.69M, and float is at 427.77M with Short Float at 1.28%.

Copart Inc. (CPRT) Insider Activity

A total of 7 insider transactions have happened at Copart Inc. (CPRT) in the last six months, with sales accounting for 4 and purchases happening 3 times. The most recent transaction is an insider sale by Blunt Matt,the company’sDirector. SEC filings show that Blunt Matt sold 10,000 shares of the company’s common stock on Jun 06 at a price of $115.72 per share for a total of $1.16 million. Following the sale, the insider now owns 0.0 shares.

Copart Inc. disclosed in a document filed with the SEC on May 31 that TRYFOROS THOMAS N (Director) sold a total of 11,000 shares of the company’s common stock. The trade occurred on May 31 and was made at $114.72 per share for $1.26 million. Following the transaction, the insider now directly holds 0.0 shares of the CPRT stock.

Still, SEC filings show that on May 25, Englander Daniel J (Director) disposed off 80,000 shares at an average price of $110.78 for $8.86 million. The insider now directly holds 0 shares of Copart Inc. (CPRT).

Copart Inc. (CPRT): Who are the competitors?

The company’s main competitors (and peers) include Carvana Co. (CVNA) that is trading -97.61% down over the past 12 months and O’Reilly Automotive Inc. (ORLY) that is 33.11% higher over the same period. CarMax Inc. (KMX) is -54.35% down on the 1-year trading charts.

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