Smarter Analyst

Copart (CPRT) Gets a Hold Rating from Barrington

Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRT) today. The company’s shares closed last Tuesday at $115.78.

According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 17.6% and a 55.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Ritchie Bros.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart with a $116.00 average price target.

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Copart’s market cap is currently $27.4B and has a P/E ratio of 40.20. The company has a Price to Book ratio of 13.24.

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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. 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.