Analysts Set Copart, Inc. (CPRT) PT at $53.75
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.
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.
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.
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