In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Copart (CPRT). The company’s shares closed last Friday at $117.07.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 44.7% and a 59.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Copart with a $140.00 average price target.
See today’s analyst top recommended stocks >>
Based on Copart’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $593 million and net profit of $200 million. In comparison, last year the company earned revenue of $554 million and had a net profit of $218 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.
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.