The stock of Copart Inc. (NASDAQ:CPRT) increased by $0.6 on Tuesday to finish at $44.50, up 1.37 percent. The last five days have seen an average of 3,230,660 shares of common stock traded. 44 times new highs were reached in the current year, with a gain of $14.06. The average number of shares traded over the last 20 days was 3,452,665, while the average volume over the last 50 days totaled 3,954,702.
CPRT stock appreciated 0.69% since last month. On 08/18/23, the company’s shares reached a one-month low of $42.80. The stock touched a high of $47.38 on 07/17/23, after rallying from a low of $26.14 in 52 weeks. The price of CPRT stock has risen by 46.17% or $14.06 this year, reaching a new high 44 times. Still, the stock price is down -6.09% 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 54 days ago on Jul 07. On Jul 07, co-Chief Executive Officer ADAIR A JAYSON sold 300,000 shares at $88.32 each. This transaction resulted in the insider making $26,496,000. On Jun 27, JOHNSON WILLIS J sold 660,000 shares at a price of US$89.07. After the transaction, the insider now owns 1,773,832 shares. Director COHAN STEVEN D had earlier sold 80,000 shares on May 30 for $88.62 a share. The transaction was completed for $7,089,600.
Valuation Metrics
Copart Inc. (CPRT) has a trailing price-to-earnings (P/E) ratio of 36.18. Beta for the stock is 1.19. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.32, the price-to-book (PB) ratio of 7.59, and the price-to-cash flow ratio of 48.88.
Financial Health
For the three months ended April 29, Copart Inc.’s quick ratio was 5.80, while its current ratio was 5.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 44.20% percent. Copart Inc.’s EBITDA margin for the year ended April 29 was 43.22%, whereas its operating margin stood at 37.40% for the same period. Based on annual data, it had gross profit of $1.61 billion and revenue of $3.5 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CPRT’s return on assets (ROA) during the last 12 months has been 19.90%. There was a 23.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.80%.
Earnings Surprise
According to Copart Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.02 billion, while revenues rose by 8.01% to $956.72 million. It was predicted that Copart Inc.’s quarterly earnings would be $0.36, but it ended up being $0.32, beating the consensus by 12.50%. EBITDA was $456.15 million for the quarter. At the end of Copart Inc.’s most recent quarter ended April 29, its liabilities totaled 757.38 million, while its total debt was $129.28 million. Equity owned by shareholders amounts to $477.44 million.
Technical Picture
Here’s a quick look at Copart Inc.’s (CPRT) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 55.20%, suggesting the stock is Neutral, with a 33.26% historical volatility rate.
The stochastic %K and %D were 48.72% and 41.71% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 65.38%, the RSI (14) reading is 52.78%. On the 9-day MACD Oscillator, the stock is at 0.29, and the 14-day reading is at 0.24.
Analyst Ratings
Copart Inc. (NASDAQ: CPRT) was downgraded by Northcoast to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Copart Inc. (CPRT) an Overweight rating. CPRT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is CPRT’s price target for the next 12 months?
The current consensus forecast for the stock is between $39.50 and $53.00, with a median target price of $45.50. In analyzing these forecasts, the average price target given by analysts for Copart Inc. (CPRT) is $46.06.
