Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRT) today. The company’s shares closed yesterday at $56.53.
Prestopino wrote:
“We have a MARKET PERFORM rating on the shares based on valuation. Company Description 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. It sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.1% and a 40.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart with a $61.50 average price target.
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The company has a one-year high of $67.08 and a one-year low of $44.61. Currently, Copart has an average volume of 1.54M.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Last month, Daniel Englander, a Director at CPRT sold 80,000 shares for a total of $3,962,400.
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.
