Copart, Inc. (NASDAQ:CPRT – Get Rating)’s stock price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $106.55, but opened at $110.33. Copart shares last traded at $107.36, with a volume of 6,447 shares changing hands.
The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Copart had a net margin of 34.51% and a return on equity of 28.18%. During the same quarter in the prior year, the business posted $1.09 earnings per share.
CPRT has been the subject of a number of recent analyst reports. Robert W. Baird reduced their price objective on shares of Copart from $170.00 to $160.00 in a research note on Friday, February 18th. StockNews.com started coverage on Copart in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Copart has a consensus rating of “Hold” and an average price target of $162.33.
The company has a quick ratio of 5.11, a current ratio of 5.24 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $119.66 and a 200 day moving average price of $131.92. The stock has a market cap of $25.44 billion, a P/E ratio of 23.57 and a beta of 1.13.
Copart Company Profile (NASDAQ:CPRT)
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.
- Get a free copy of the StockNews.com research report on Copart (CPRT)
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