Copart Inc. (NASDAQ:CPRT) saw a downside of -1.48% to close Tuesday at $42.73 after subtracting -$0.64 on the day. The 5-day average trading volume is 3,075,200 shares of the company’s common stock. It has gained $44.89 in the past week and touched a new high 1 time within the past 5 days. An average of 4,287,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,956,258.
CPRT’s 1-month performance is -2.44% or -$1.07 on its low of $42.69 reached on 09/15/23. The company’s shares have touched a 52-week low of $26.44 and high of $47.38, with the stock’s rally to the 52-week high happening on 07/17/23. YTD, CPRT has achieved 40.35% or $12.28 and has reached a new high 44 times. However, the current price is down -9.82% from the 52-week high price.
Insider Transactions
CPRT stock investors last saw insider trading activity on Jul 07.ADAIR A JAYSON (co-Chief Executive Officer) most recently sold 300,000 shares at $88.32 per share on Jul 07. This transaction cost the insider $26,496,000. Chairman of the Board, JOHNSON WILLIS J, sold 660,000 shares at a price of $89.07 on Jun 27. Then, on May 30, Director COHAN STEVEN D sold 80,000 shares at a price of $88.62 per share. This transaction amounted to $7,089,600.
Valuation Metrics
CPRT stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.60 while the price-to-book (PB) in the most recent quarter is 7.29, with the price to cash flow ratio at 48.40.
Copart Inc.’s quick ratio for the period ended July 30 was 6.29, with the current ratio over the same period at 6.37. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.02, while the total debt to equity was 0.02.. In terms of profitability, the gross margin trailing 12 months is 44.44%. The firm’s gross profit as reported stood at $1.74 billion against revenue of $3.87 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 20.49% to $350.43 million, while revenue of $293.68 million was 16.19% off the previous quarter. Analysts expected CPRT to announce $0.32 per share in earnings in its latest quarter, but it posted $0.34, representing a 6.30% surprise. CPRT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 750.44 million, with total debt at $120.45 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 26 September was 33.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.05%.
The stock’s 5-day moving average is $43.28, reflecting a -4.13% or -$1.84 change from its current price. CPRT is currently trading -2.67% above its 20-day SMA, +8.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.83% and SMA200 by+35.46%.
Stochastic %K and %D was 13.47% and 18.99% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 38.76%, while the 14-day stochastic is at 1.43% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at -0.71 and -0.98 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Copart Inc. (NASDAQ: CPRT), Argus launched coverage with a Buy rating. Analysts offering their rating for CPRT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CPRT as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is CPRT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $41.00 and a high of $53.00, with their median price target at $51.00. Looking at these predictions, the average price target given by analysts is for Copart Inc. (CPRT) stock is $49.07.
