Copart Inc. (NASDAQ:CPRT) saw a downside of -0.33% to $64.89 after subtracting -$0.21 on Wednesday. The 5-day average trading volume is 1,416,967 shares of the company’s common stock. It has gained $65.23 in the past week and touched a new high 4 times within the past 5 days. An average of 1,660,507 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,956,009.
CPRT’s 1-month performance is 6.63% or $4.04 on its low of $59.80 reached on 12/27/22. The company’s shares have touched a 52-week low of $51.10 and high of $67.79, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, CPRT has achieved 6.91% or $3.66 and has reached a new high 6 times. However, the current price is down -4.29% from the 52-week high price.
CPRT stock investors last saw insider trading activity on Jun 06.Blunt Matt (Director) most recently sold 10,000 shares at $115.72 per share on Jun 06. This transaction cost the insider $1,157,200. Director, TRYFOROS THOMAS N, sold 11,000 shares at a price of $114.72 on May 31. Then, on May 25, Director Englander Daniel J sold 80,000 shares at a price of $110.78 per share. This transaction amounted to $8,862,400.
CPRT stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.38 while the price-to-book (PB) in the most recent quarter is 6.39, with the price to cash flow ratio at 40.04.
Copart Inc.’s quick ratio for the period ended October 30 was 4.60, with the current ratio over the same period at 4.70. In terms of profitability, the gross margin trailing 12 months is 44.40%. The firm’s gross profit as reported stood at $1.61 billion against revenue of $3.5 billion.
For the quarterly period ending October 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -5.9% to $245.85 million, while revenue of $263.74 million was -7.28% off the previous quarter. Analysts expected CPRT to announce $0.56 per share in earnings in its latest quarter, but it posted $0.51, representing a -8.90% surprise. EBITDA for the quarter stood at more than $350.83 million. CPRT stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 740.84 million, with total debt at $115.72 million. Shareholders hold equity totaling $476.3 million.
Let’s look briefly at Copart Inc. (CPRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 62.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.29%.
The stock’s 5-day moving average is $63.90, reflecting a +3.23% or $2.02 change from its current price. CPRT is currently trading +6.68% above its 20-day SMA, +7.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.76% and SMA200 by+3.38%.
Stochastic %K and %D was 93.10% and 85.30% and the average true range (ATR) pointed at 1.43. The RSI (14) points at 59.83%, while the 14-day stochastic is at 85.61% with the period’s ATR at 1.45. The stock’s 9-day MACD Oscillator is pointing at 1.45 and 1.99 on the 14-day charts.
In the most recent analyst report for Copart Inc. (NASDAQ: CPRT), Stephens upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock.
What is CPRT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $64.00 and a high of $91.00, with their median price target at $74.00. Looking at these predictions, the average price target given by analysts is for Copart Inc. (CPRT) stock is $75.13.