Copart Inc. (NASDAQ:CPRT) finished Wednesday with an addition of $1.29 to close at $45.08, an upside of 2.95 percent. An average of 3,781,700 shares of common stock have been traded in the last five days. There was a gain of $1.36 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 3,426,795 shares traded, while the 50-day average volume stands at 4,111,506.
CPRT stock has decreased by -0.01% in the last month. The company shares reached their 1-month lowest point of $42.80 on 08/18/23. With the stock rallying to its 52-week high on 07/17/23, shares of the company touched a low of $26.14 and a high of $47.38 in 52 weeks. It has reached a new high 44 times so far this year and achieved 48.07% or $14.64 in price. In spite of this, the price is down -4.86% from the 52-week high.
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Insider Transactions
CPRT stock investors should be aware that Copart Inc. (CPRT) stock had its last reported insider trading activity 48 days ago on Jul 07. In this transaction, the insider spent $26,496,000. Chairman of the Board, JOHNSON WILLIS J, disposed of 660,000 shares at a price of $89.07 on Jun 27. The insider now owns more than $58,786,200 worth of shares. Prior to that, Director COHAN STEVEN D went on to Sale 80,000 shares at $88.62 each on May 30. An amount of $7,089,600 was transacted.
Valuation Metrics
Copart Inc. (CPRT) has a trailing price-to-earnings (P/E) ratio of 9.43. The stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.35, the price-to-book (PB) ratio at 3.84, and the price-to-cash flow ratio at 49.03.
Financial Health
The quick ratio of Copart Inc. for the three months ended April 29 was 5.80, and the current ratio was 5.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Copart Inc.’s EBITDA margin for the year ending April 29 is 43.22%, while its operating margin for the same period stands at 37.40%. Its gross profit as reported stood at $1.61 billion compared to revenue of $3.5 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Copart Inc.’s return on assets was 19.90%.
Earnings Surprise
For the three-month period that ended April 29, Copart Inc. had $22.37 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $350.43 million in the quarter, while revenues of $293.68 million were grew 20.49%. The analyst consensus anticipated Copart Inc.’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.36, a 12.50% surprise. For the quarter, EBITDA amounted to $456.15 million. Shareholders own equity worth $477.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Copart Inc. (CPRT) price momentum. RSI 9-day as of the close on 23 August was 63.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.84%.
As of today, CPRT’s price is $43.76 +3.10% or $1.36 from its 5-day moving average. CPRT is currently trading +0.65% higher than its 20-day SMA and +22.70% higher than its 100-day SMA. However, the stock’s current price level is +3.70% above the SMA50 and +59.03% above the SMA200.
The stochastic %K and %D were 55.86% and 37.61%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 91.57% and the average true range at 0.79, the RSI (14) stands at 57.79%. The stock has reached 0.26 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
Analyst Ratings
Northcoast downgraded Copart Inc. (NASDAQ: CPRT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Copart Inc. (CPRT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CPRT, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
