In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Copart (NASDAQ: CPRT). The company’s shares opened today at $63.69, close to its 52-week high of $67.08.
Prestopino observed:
“We have a MARKET PERFORM rating on the shares based on valuation.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 11.6% and a 60.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
Copart has an analyst consensus of Moderate Buy, with a price target consensus of $68.
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Copart’s market cap is currently $14.8B and has a P/E ratio of 40.59. The company has a Price to Book ratio of 10.14.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, William E. Franklin, the EVP of CPRT sold 90,000 shares for a total of $5,304,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology.
