Copart (NASDAQ:CPRT) PT Lowered to $75.00

Copart (NASDAQ:CPRTGet Rating) had its price target decreased by Guggenheim to $75.00 in a research report released on Monday, Stock Target Advisor reports.

Several other equities analysts have also issued reports on the company. Stephens upped their target price on Copart to $72.00 and gave the company an overweight rating in a report on Thursday, November 17th. StockNews.com downgraded Copart from a buy rating to a hold rating in a research note on Saturday, November 12th. Finally, Robert W. Baird increased their target price on Copart from $68.00 to $74.00 in a research report on Friday, November 18th.

Copart Trading Up 1.7 %

Shares of CPRT opened at $65.87 on Monday. The company has a market capitalization of $31.36 billion, a PE ratio of 29.47 and a beta of 1.16. Copart has a 12 month low of $51.10 and a 12 month high of $76.29. The stock’s 50-day moving average price is $57.26 and its two-hundred day moving average price is $57.93.

Copart (NASDAQ:CPRTGet Rating) last announced its quarterly earnings data on Wednesday, September 7th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Copart had a return on equity of 23.75% and a net margin of 30.01%. The company had revenue of $883.39 million for the quarter, compared to the consensus estimate of $874.14 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Copart will post 2.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPRT. Global Retirement Partners LLC lifted its holdings in Copart by 14.9% in the second quarter. Global Retirement Partners LLC now owns 693 shares of the business services provider’s stock worth $75,000 after buying an additional 90 shares during the period. Highland Private Wealth Management lifted its holdings in shares of Copart by 4.3% during the second quarter. Highland Private Wealth Management now owns 2,234 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 93 shares during the last quarter. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Copart by 16.4% during the first quarter. ICICI Prudential Asset Management Co Ltd now owns 681 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 96 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Copart by 2.6% during the second quarter. Raymond James Trust N.A. now owns 3,810 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 96 shares during the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Copart by 5.2% during the second quarter. Legacy Advisors LLC now owns 1,946 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 97 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

About Copart

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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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