Copart, Inc. (NASDAQ:CPRT) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $57.00.

CPRT has been the topic of a number of research reports. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Monday, February 4th. BidaskClub downgraded Copart from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 22nd. ValuEngine raised Copart from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. SunTrust Banks boosted their target price on Copart to $67.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research report on Tuesday, February 19th.

In other news, EVP William E. Franklin sold 140,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the transaction, the executive vice president now owns 157,967 shares of the company’s stock, valued at approximately $9,231,591.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.99% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRT. Mercer Global Advisors Inc. ADV purchased a new position in Copart during the 1st quarter valued at $896,000. Advisor Partners LLC purchased a new position in Copart during the 1st quarter valued at $214,000. Chicago Capital LLC lifted its holdings in shares of Copart by 11.2% in the 1st quarter. Chicago Capital LLC now owns 29,800 shares of the business services provider’s stock worth $1,806,000 after buying an additional 3,000 shares during the period. Brinker Capital Inc. lifted its holdings in shares of Copart by 2.0% in the 1st quarter. Brinker Capital Inc. now owns 76,219 shares of the business services provider’s stock worth $4,618,000 after buying an additional 1,479 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Copart by 1.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 99,699 shares of the business services provider’s stock worth $6,041,000 after buying an additional 1,202 shares during the period. 85.26% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CPRT traded up $0.87 during trading hours on Tuesday, reaching $65.86. The stock had a trading volume of 789,900 shares, compared to its average volume of 1,316,781. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.61. Copart has a 52 week low of $44.61 and a 52 week high of $67.08. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 1.52 and a beta of 0.95.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Copart had a return on equity of 30.20% and a net margin of 25.75%. The business had revenue of $484.90 million for the quarter, compared to the consensus estimate of $488.54 million. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that Copart will post 2.15 EPS for the current year.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Analyst Recommendations for Copart (NASDAQ:CPRT)

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