Barrington analyst Gary Prestopino initiated coverage with a Hold rating on Copart (CPRT) today. The company’s shares closed last Thursday at $103.41, close to its 52-week high of $105.03.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 11.2% and a 52.4% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.
Copart has an analyst consensus of Moderate Buy, with a price target consensus of $93.33, which is a -14.1% downside from current levels. In a report issued on August 19, Northcoast Research also downgraded the stock to Hold.
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Copart’s market cap is currently $24.6B and has a P/E ratio of 35.90. The company has a Price to Book ratio of 12.81.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPRT in relation to earlier this year.
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. The company 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. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.
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