Copart, Inc. (NASDAQ:CPRT) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.75.

A number of analysts have recently weighed in on CPRT shares. ValuEngine cut Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Barrington Research reissued a “hold” rating on shares of Copart in a research report on Tuesday, September 18th. JPMorgan Chase & Co. cut Copart from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $48.00 to $47.00 in a research report on Friday, September 21st. BidaskClub cut Copart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Finally, Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, September 18th.

NASDAQ CPRT traded up $0.10 during midday trading on Friday, hitting $50.70. 55,522 shares of the company traded hands, compared to its average volume of 1,783,576. The company has a current ratio of 3.00, a quick ratio of 2.92 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.77 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. Copart has a 52 week low of $39.21 and a 52 week high of $67.08.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, November 20th. The business services provider reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm had revenue of $461.40 million during the quarter, compared to analysts’ expectations of $460.09 million. Copart had a return on equity of 29.95% and a net margin of 24.59%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. On average, equities analysts predict that Copart will post 2.12 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Pinnacle Financial Partners Inc. purchased a new position in Copart in the 3rd quarter worth $109,000. First Hawaiian Bank purchased a new position in Copart in the 3rd quarter worth $117,000. Capital Guardian Trust Co. purchased a new position in Copart in the 3rd quarter worth $117,000. TRUE Private Wealth Advisors purchased a new position in shares of Copart during the 3rd quarter valued at about $118,000. Finally, Bessemer Group Inc. raised its stake in shares of Copart by 2,739.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,669 shares of the business services provider’s stock valued at $137,000 after buying an additional 2,575 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

Featured Story: How do candlesticks reflect price movement?

Analyst Recommendations for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.