Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Copart (CPRT) Stock Price
Media stories about Copart (NASDAQ:CPRT) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Copart earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.0779414383747 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- San Antonio’s Safe Tire Disposal Site to Be Cleared, Repurposed by New Owner, Texas-based Copart, Inc. (finance.yahoo.com)
- Top Ranked Growth Stocks to Buy for January 8th (finance.yahoo.com)
- Hot Stock in Focus – Copart, Inc. (NASDAQ: CPRT) – Alpha Beta Stock (alphabetastock.com)
- Daniel J. Englander Sells 68,004 Shares of Copart, Inc. (CPRT) Stock (americanbankingnews.com)
- Stock in Focus- Copart, Inc. (CPRT) – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several research firms have recently weighed in on CPRT. BidaskClub raised shares of Copart from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price target on shares of Copart in a report on Friday, December 22nd. Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, November 24th. JPMorgan Chase & Co. increased their target price on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 24th. Finally, Jefferies Group increased their target price on Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.80.
Copart (NASDAQ:CPRT) traded up $0.04 on Wednesday, reaching $43.52. The company had a trading volume of 1,119,400 shares, compared to its average volume of 1,240,000. The company has a market capitalization of $10,070.00, a PE ratio of 34.00, a PEG ratio of 1.42 and a beta of 1.30. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Copart has a 1-year low of $27.74 and a 1-year high of $44.76.
Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million for the quarter, compared to analysts’ expectations of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter in the prior year, the firm earned $0.29 earnings per share. equities research analysts predict that Copart will post 1.52 EPS for the current year.
In other Copart news, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total transaction of $4,895,347.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.
Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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