Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRT) today. The company’s shares closed yesterday at $65.36, close to its 52-week high of $67.54.
Prestopino commented:
“We believe the quarter should at least be within a $0.62-0.63 range as industry fundamentals remain strong in terms of total losses. Global inventory for CPRT at the end of Q2/19 increased 6.6% reflecting adequate supply dynamics in the market. Factoring out CAT vehicles, global inventory growth totaled 7.7%.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.8% and a 34.9% 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 $67 average price target, a 2.5% upside from current levels. In a report issued on May 17, Guggenheim also downgraded the stock to Hold.
See today’s analyst top recommended stocks >>
Copart’s market cap is currently $14.82B and has a P/E ratio of 32.93. The company has a Price to Book ratio of 10.15.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, William E. Franklin, the EVP of CPRT sold 140,000 shares for a total of $8,181,600.
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.
