Copart, Inc. (NASDAQ: CPRT) Not A Good Play Anymore?

Copart, Inc. (CPRT) concluded trading on Wednesday at a closing price of $50.85, with 3.79 million shares of worth about $192.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.75% during that period and on Wednesday February 7 the price saw a gain of about 0.73%. Currently the company’s common shares owned by public are about 957.34M shares, out of which, 869.98M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 1,399,435 shares in 15 of the transactions. In 13 selling transactions, insiders dumped 1,722,483 shares.

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Stock saw a price change of 5.85% in past 5 days and over the past one month there was a price change of 7.41%. Year-to-date (YTD), CPRT shares are showing a performance of 3.78% which increased to 49.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.62 but also hit the highest price of $51.53 during that period. The average intraday trading volume for Copart, Inc. shares is 4.40 million. The stock is currently trading 4.50% above its 20-day simple moving average (SMA20), while that difference is up 4.35% for SMA50 and it goes to 12.27% higher than SMA200.

Copart, Inc. (NASDAQ: CPRT) currently have 957.34M outstanding shares and institutions hold larger chunk of about 80.44% of that.

The stock has a current market capitalization of $48.83B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 37.19, while it has posted earnings per share of $1.37 in the same period. Its PEG reads 1.67 and has Quick Ratio of 5.47 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CPRT, volatility over the week remained 1.90% while standing at 1.71% over the month.

Analysts are in expectations that Copart, Inc. (CPRT) stock would likely to be making an EPS of $Maplebear Inc. in the current quarter, while forecast for next quarter EPS is $24.46 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Westport Fuel Systems Inc which is $Copart, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Capri Holdings Limited in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.67% while it is estimated to increase by 11.99% in next year. EPS is likely to shrink at an annualized rate of 22.30% for next 5-years, compared to annual growth of 24.28% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 04, 2023 offering a Hold rating for the stock and assigned a target price of $51 to it.

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