Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRT) today. The company’s shares closed last Monday at $86.24, close to its 52-week high of $86.73.
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 1.5% and a 48.0% success rate. Prestopino covers the Services sector, focusing on stocks such as US Auto Parts Network, Kar Auction Services, and Ritchie Bros.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart with a $86.33 average price target.
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Based on Copart’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $153 million. In comparison, last year the company had a net profit of $114 million.
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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.
