Barrington Keeps a Hold Rating on Copart (CPRT)
Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRT) today. The company’s shares closed last Monday at $103.01, close to its 52-week high of $104.36.
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 3.0% and a 51.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Liquidity Services, and Ritchie Bros.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart with a $95.33 average price target.
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Based on Copart’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a net profit of $131 million.
Based on the recent corporate insider activity of 20 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. Last month, Steven Cohan, a Director at CPRT sold 80,000 shares for a total of $7,371,200.
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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.