As of Wednesday close, Copart Inc.’s (NASDAQ:CPRT) stock was down -$0.63, moving down -0.72 percent to $87.45. The average number of shares traded per day over the past five days has been 1,632,740 shares. 1 time new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 1,876,305, while in the previous 50 days, it was 2,065,820.
Since last month, CPRT stock retreated -6.48%. Shares of the company fell to $85.66 on 08/11/23, the lowest level in the past month. A 52-week high of $94.77 was reached on 07/17/23 after having rallying from a 52-week low of $52.28. Since the beginning of this year, CPRT’s stock price has risen by 43.62% or $26.56, and marked a new high 44 times. However, the stock has declined by -7.72% since its 52-week high.
CPRT stock investors should be aware that Copart Inc. (CPRT) stock had its last reported insider trading activity 41 days ago on Jul 07. ADAIR A JAYSON, the co-Chief Executive Officer of the company, disposed of 300,000 shares for $88.32 on Jul 07. It resulted in a $26,496,000 divestment by the insider. JOHNSON WILLIS J sold 660,000 shares at an average price of $89.07 on Jun 27. The insider now owns 1,773,832 shares following the transaction. On May 30, Director COHAN STEVEN D sold 80,000 shares at $88.62 apiece. The transaction was valued at $7,089,600.
Valuation Metrics
Right now, Copart Inc. (CPRT) has a P/E ratio of about 36.57. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 11.01, the price-to-book (PB) ratio of 7.46, and the price-to-cash flow ratio of 47.57 may also be considered.
Financial Health
In the three months ended April 29, Copart Inc.’s quick ratio stood at 5.80, while its current ratio was 5.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended April 29, EBITDA margin amounted to 43.22%, whereas operating margins totaled 37.40%. 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 22.80%.
In Copart Inc.’s quarter-end financial report for April 29, it reported total debt of $22.37 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 8.01% to $956.72 million during the quarter, while net income inched up to $1.02 billion. While analysts expected Copart Inc. to report $0.64 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $456.15 million in EBITDA. The liabilities of Copart Inc. were 757.38 million at the end of its most recent quarter ended April 29, and its total debt was $129.28 million. The value of shareholders’ equity is $477.44 million.
Technical Picture
This quick technical analysis looks at Copart Inc.’s (CPRT) price momentum. With a historical volatility rate of 16.69%, the RSI 9-day stood at 40.68% on 16 August.
With respect to its five-day moving average, the current Copart Inc. price is up by +0.09% percent or $0.08. At present, CPRT shares trade -5.15% below its 20-day simple moving average and +22.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.21% below its SMA50 and +54.22% above its SMA200.
Stochastic coefficient K was 52.18% and Stochastic coefficient D was 48.41%, while ATR was 1.42. Given the Stochastic reading of 41.05% for the 14-day period, the RSI (14) reading has been calculated as 43.18%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.21.
Analyst Ratings
Copart Inc. downgraded its rating on Copart Inc. (NASDAQ: CPRT) to a Neutral in a note to investors on May 01, 2023. The analysts firm previously had a Buy rating on the stock.Copart Inc. (CPRT) has been rated Overweight by analysts. According to 0 brokerage firms, CPRT is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Copart Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $91.00, the current consensus forecast for the stock is $79.00 – $105.00. Based on these forecasts, analysts predict Copart Inc. (CPRT) will achieve an average price target of $92.00.
