Some Investing Thoughts On Copart, Inc. (NASDAQ: CPRT)

Copart, Inc. (CPRT) concluded trading on Wednesday at a closing price of $54.13, with 3.46 million shares of worth about $187.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.34% during that period and on July 10, 2024 the price saw a loss of about -0.57%. Currently the company’s common shares owned by public are about 957.34M shares, out of which, 874.40M shares are available for trading.

Stock saw a price change of -1.02% in past 5 days and over the past one month there was a price change of 0.69%. Year-to-date (YTD), CPRT shares are showing a performance of 10.47% which increased to 19.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.41 but also hit the highest price of $58.58 during that period. The average intraday trading volume for Copart, Inc. shares is 4.21 million. The stock is currently trading -0.09% below its 20-day simple moving average (SMA20), while that difference is down -0.21% for SMA50 and it goes to 6.36% higher than SMA200.

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Copart, Inc. (NASDAQ: CPRT) currently have 957.34M outstanding shares and institutions hold larger chunk of about 83.53% of that.

The stock has a current market capitalization of $52.09B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 37.95, while it has posted earnings per share of $1.43 in the same period. Its PEG reads 1.70 and has Quick Ratio of 7.06 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 1.55% while standing at 1.83% over the month.

Stock’s fiscal year EPS is expected to rise by 14.73% while it is estimated to increase by 12.84% 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 JP Morgan on February 27, 2024 offering a Neutral rating for the stock and assigned a target price of $48 to it. Coverage by HSBC Securities stated Copart, Inc. (CPRT) stock as a Hold in their note to investors on December 04, 2023, suggesting a price target of $51 for the stock. Stock get an Overweight rating from Stephens on February 12, 2021.

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