Copart, Inc. [NASDAQ: CPRT] jumped around 0.09 points on Wednesday, while shares priced at $46.62 at the close of the session, up 0.19%. The company report on October 10, 2023 at 7:03 AM that Copart Announces Investment in Heavy Equipment Auction Company Purple Wave.
Copart, Inc. (NASDAQ: CPRT) a global leader in online auto auctions, today announced a new strategic investment and partnership with Purple Wave, Inc., an online offsite heavy equipment auction company.
Founded in 2000, Purple Wave is a pioneer in the online equipment auction industry, facilitating the sale of construction, agriculture and fleet equipment directly from a seller’s location through its no-reserve auction platform on purplewave.com.
Copart, Inc. stock is now 53.13% up from its year-to-date (YTD) trading value. CPRT Stock saw the intraday high of $46.89 and lowest of $46.20 per share. The company’s 52-week high price is 47.38, which means current price is +54.10% above from all time high which was touched on 07/17/23.
Compared to the average trading volume of 3.75M shares, CPRT reached a trading volume of 3229943 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Copart, Inc. [CPRT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPRT shares is $48.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPRT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for Copart, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 08, 2023.
The Average True Range (ATR) for Copart, Inc. is set at 0.95, with the Price to Sales ratio for CPRT stock in the period of the last 12 months amounting to 11.53. The Price to Book ratio for the last quarter was 7.45, with the Price to Cash per share for the same quarter was set at 2.47. Price to Free Cash Flow for CPRT in the course of the last twelve months was 52.66 with Quick ratio for the last quarter at 6.29.
How has CPRT stock performed recently?
Copart, Inc. [CPRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.39. With this latest performance, CPRT shares gained by 2.21% in over the last four-week period, additionally plugging by 16.55% over the last 6 months – not to mention a rise of 63.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPRT stock in for the last two-week period is set at 63.67, with the RSI for the last a single of trading hit 70.32, and the three-weeks RSI is set at 60.03 for Copart, Inc. [CPRT]. The present Moving Average for the last 50 days of trading for this stock 44.50, while it was recorded at 46.05 for the last single week of trading, and 41.31 for the last 200 days.
Copart, Inc. [CPRT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Copart, Inc. [CPRT] shares currently have an operating margin of +38.42 and a Gross Margin at +44.44. Copart, Inc.’s Net Margin is presently recorded at +31.99.
Return on Total Capital for CPRT is now 27.39, given the latest momentum, and Return on Invested Capital for the company is 22.90. Return on Equity for this stock inclined to 23.32, with Return on Assets sitting at 20.55. When it comes to the capital structure of this company, Copart, Inc. [CPRT] has a Total Debt to Total Equity ratio set at 2.01. Additionally, CPRT Total Debt to Total Capital is recorded at 1.97, with Total Debt to Total Assets ending up at 1.79. Long-Term Debt to Equity for the company is recorded at 1.65, with the Long-Term Debt to Total Capital now at 1.62.
Reflecting on the efficiency of the workforce at the company, Copart, Inc. [CPRT] managed to generate an average of $121,347 per employee. Receivables Turnover for the company is 5.79 with a Total Asset Turnover recorded at a value of 0.64.Copart, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.29 and a Current Ratio set at 6.37.
Earnings analysis for Copart, Inc. [CPRT]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CPRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Copart, Inc. go to 22.30%.
Insider trade positions for Copart, Inc. [CPRT]
The top three institutional holders of CPRT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in CPRT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in CPRT stock with ownership which is approximately 5.7994%.