As of Friday close, Copart Inc.’s (NASDAQ:CPRT) stock was down -$0.29, moving down -0.41 percent to $69.72. The average number of shares traded per day over the past five days has been 3,081,160 shares. 3 times new highs have been achieved over the past 5 days, with a $1.32 gain in that time frame. In the last twenty days, the average volume was 2,384,125, while in the previous 50 days, it was 1,936,568.
Since last month, CPRT stock rose 0.01%. Shares of the company fell to $67.24 on 03/13/23, the lowest level in the past month. A 52-week high of $71.68 was reached on 03/03/23 after having rallying from a 52-week low of $51.10. Since the beginning of this year, CPRT’s stock price has risen by 14.50% or $8.83, and marked a new high 13 times. However, the stock has declined by -2.73% since its 52-week high.
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CPRT stock investors should be aware that Copart Inc. (CPRT) stock had its last reported insider trading activity 24 days ago on Feb 22. Blunt Matt, the Director of the company, disposed of 30,000 shares for $69.36 on Feb 22. It resulted in a $2,080,800 divestment by the insider. Blunt Matt sold 10,000 shares at an average price of $115.72 on Jun 06. The insider now owns 0 shares following the transaction. On May 31, Director TRYFOROS THOMAS N sold 11,000 shares at $114.72 apiece. The transaction was valued at $1,261,887.
Right now, Copart Inc. (CPRT) has a P/E ratio of about 31.06. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 9.21, the price-to-book (PB) ratio of 6.37, and the price-to-cash flow ratio of 42.71 may also be considered.
In the three months ended January 30, Copart Inc.’s quick ratio stood at 5.30, while its current ratio was 5.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 43.90% percent. In the year ended January 30, operating margins totaled 37.00%. Based on annual data, CPRT earned $1.61 billion in gross profit and brought in $3.5 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.90%. Return on equity (ROE) for the past 12 months was 22.70%.
In Copart Inc.’s quarter-end financial report for January 30, it reported total debt of $1.95 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPRT’s revenue rose 9.33% to $893.37 million during the quarter, while net income inched up to $956.72 million. While analysts expected Copart Inc. to report $0.57 quarterly earnings, the actual figure was $0.61 per share, beating the consensus estimate by 7.00%. During the quarter, the company generated $404.29 million in EBITDA. The liabilities of Copart Inc. were 718.76 million at the end of its most recent quarter ended January 30, and its total debt was $110.08 million. The value of shareholders’ equity is $476.59 million.
This quick technical analysis looks at Copart Inc.’s (CPRT) price momentum. With a historical volatility rate of 26.48%, the RSI 9-day stood at 52.16% on 17 March.
With respect to its five-day moving average, the current Copart Inc. price is up by +1.93% percent or $1.32. At present, CPRT shares trade +1.15% above its 20-day simple moving average and +27.19% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.49% above its SMA50 and +21.75% above its SMA200.
Stochastic coefficient K was 45.80% and Stochastic coefficient D was 38.52%, while ATR was 1.46. Given the Stochastic reading of 55.86% for the 14-day period, the RSI (14) reading has been calculated as 53.33%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.59.
With a median target price of $79.00, the current consensus forecast for the stock is $70.00 – $91.00. Based on these forecasts, analysts predict Copart Inc. (CPRT) will achieve an average price target of $79.38.