Stephens set a $49.00 price objective on Copart (NASDAQ:CPRT) in a research report released on Wednesday morning. The firm currently has a hold rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on CPRT. Robert W. Baird increased their price target on shares of Copart from $33.00 to $37.00 and gave the company an outperform rating in a report on Thursday, September 21st. CJS Securities reiterated an outperform rating and set a $42.00 price target on shares of Copart in a report on Thursday, October 5th. Wolfe Research initiated coverage on shares of Copart in a report on Tuesday, November 7th. They set a market perform rating on the stock. Zacks Investment Research upgraded shares of Copart from a hold rating to a buy rating and set a $40.00 price target on the stock in a report on Tuesday, November 21st. Finally, Jefferies Group increased their price target on shares of Copart to $40.00 and gave the company a hold rating in a report on Thursday, November 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $43.00.

Shares of Copart (CPRT) traded up $0.27 on Wednesday, reaching $44.60. 666,893 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. The stock has a market capitalization of $10,320.00, a PE ratio of 34.84, a PEG ratio of 1.44 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 twelve month low of $27.74 and a twelve month high of $45.26.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 earnings per share for the quarter, topping 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 net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the prior year, the company earned $0.29 earnings per share. sell-side analysts forecast that Copart will post 1.52 EPS for the current fiscal year.

In related news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was 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. Company insiders own 16.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of CPRT. Prudential Financial Inc. boosted its holdings in Copart by 101.4% in the second quarter. Prudential Financial Inc. now owns 127,938 shares of the business services provider’s stock worth $4,067,000 after purchasing an additional 64,409 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Copart in the second quarter worth approximately $200,000. State of Tennessee Treasury Department boosted its holdings in Copart by 100.0% in the second quarter. State of Tennessee Treasury Department now owns 37,600 shares of the business services provider’s stock worth $1,195,000 after purchasing an additional 18,800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Copart by 100.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,340 shares of the business services provider’s stock worth $1,028,000 after purchasing an additional 16,220 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Copart by 415.5% in the second quarter. Schroder Investment Management Group now owns 101,300 shares of the business services provider’s stock worth $3,182,000 after purchasing an additional 81,650 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Stephens Analysts Give Copart (CPRT) a $49.00 Price Target” was reported by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/stephens-analysts-give-copart-cprt-a-49-00-price-target/1812938.html.

About Copart

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.

Analyst Recommendations for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.