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What should you know before buying stock in Copart, Inc. (CPRT)

Copart, Inc. (NASDAQ: CPRT) is 16.84% higher on its value in year-to-date trading and has touched a low of $36.78 and a high of $58.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPRT stock was last observed hovering at around $58.07 in the last trading session, with the day’s loss setting it -0.82%.

Currently trading at $57.25, the stock is 1.98% and 9.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing -1.41% at the moment leaves the stock 20.48% off its SMA200. CPRT registered 55.82% gain for a year compared to 6-month gain of 32.86%. The firm has a 50-day simple moving average (SMA 50) of $13.12 and a 200-day simple moving average (SMA200) of $30.36.

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The stock witnessed a 6.85% loss in the last 1 month and extending the period to 3 months gives it a 16.84%, and is 0.12% 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 1.33% over the week and 1.39% over the month.

Copart, Inc. (CPRT) has around 10200 employees, a market worth around $55.04B and $4.06B in sales. Current P/E ratio is 40.98 and Fwd P/E is 35.44. Profit margin for the company is 33.41%. Distance from 52-week low is 55.66% and -2.27% from its 52-week high. The company has generated returns on investments over the last 12 months (19.71%).

Copart, Inc. quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $1.1B over the same period.The EPS is expected to grow by 14.27% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 8.10% in year-over-year returns.

Copart, Inc. (CPRT) Top Institutional Holders

1,453 institutions hold shares in Copart, Inc. (CPRT), with institutional investors hold 91.96% of the company’s shares. The shares outstanding are 957.34M, and float is at 872.87M with Short Float at 1.51%. Institutions hold 83.50% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 97.24 million shares valued at $4.43 billion. The investor’s holdings represent 10.16% of the CPRT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 79.0 million shares valued at $3.6 billion to account for 8.25% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 40.45 million shares representing 4.23% and valued at over $1.84 billion, while Alliancebernstein L.P. holds 3.76% of the shares totaling 36.03 million with a market value of $1.64 billion.

Copart, Inc. (CPRT) Insider Activity

The most recent transaction is an insider sale by ADAIR A JAYSON,the company’sExecutive Chairman. SEC filings show that ADAIR A JAYSON sold 600,000 shares of the company’s common stock on Mar 28 ’24 at a price of $57.77 per share for a total of $34.66 million. Following the sale, the insider now owns 19.69 million shares.

Copart, Inc. disclosed in a document filed with the SEC on Mar 13 ’24 that TRYFOROS THOMAS N (Director) sold a total of 285,000 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $55.27 per share for $15.75 million. Following the transaction, the insider now directly holds 35000.0 shares of the CPRT stock.

Still, SEC filings show that on Feb 26 ’24, Blunt Matt (Director) disposed off 100,000 shares at an average price of $51.06 for $5.11 million. The insider now directly holds 0 shares of Copart, Inc. (CPRT).

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