Copart (NASDAQ:CPRT) Hold Rating Reconfirmed Today By Jefferies; The Price Objective is $33.0

September 17, 2017 - By Michael Collier

 Copart (NASDAQ:CPRT) Hold Rating Reconfirmed Today By Jefferies; The Price Objective is $33.0

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.06, from 0.82 in 2016Q3. It improved, as 41 investors sold Copart, Inc. shares while 111 reduced holdings. 41 funds opened positions while 93 raised stakes. 83.97 million shares or 2.73% less from 86.32 million shares in 2016Q3 were reported.

Moreover, Earnest Ptnrs Limited Liability has 0% invested in Copart, Inc. (NASDAQ:CPRT) for 23 shares. London Commerce Of Virginia holds 0.62% or 1.64M shares. Bbva Compass Natl Bank reported 8,604 shares. 68,111 were reported by Blackrock. Henderson Plc accumulated 453,255 shares. 74,380 are owned by Texas Permanent School Fund. Bancorp Of America De reported 1.08M shares stake. Synovus Fincl has invested 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Clarivest Asset Mgmt Ltd Co holds 17 shares. Ledyard Bancorporation stated it has 225 shares or 0% of all its holdings. Brown Brothers Harriman And has invested 0% in Copart, Inc. (NASDAQ:CPRT). Lazard Asset Mgmt Limited Liability Company holds 0.84% or 6.80M shares. Montag And Caldwell Limited Co accumulated 17,274 shares. State Street stated it has 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Moreover, Guardian Trust has 0% invested in Copart, Inc. (NASDAQ:CPRT) for 3,000 shares.

Since March 27, 2017, it had 0 insider purchases, and 1 sale for $12.41 million activity. ADAIR A JAYSON sold $12.41 million worth of stock or 200,000 shares.

Copart (NASDAQ:CPRT) Rating Reaffirmed

In a note revealed to clients and investors on 11 September, The Hold rating of Copart (NASDAQ:CPRT) shares was restate at Jefferies, who now has a $33.0 PT on the stock. Jefferies’s PT gives a possible upside of 1.48 % from the previous close of the company.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.06, from 0.82 in 2016Q3. It improved, as 41 investors sold Copart, Inc. shares while 111 reduced holdings. 41 funds opened positions while 93 raised stakes. 83.97 million shares or 2.73% less from 86.32 million shares in 2016Q3 were reported.

Moreover, Earnest Ptnrs Limited Liability has 0% invested in Copart, Inc. (NASDAQ:CPRT) for 23 shares. London Commerce Of Virginia holds 0.62% or 1.64M shares. Bbva Compass Natl Bank reported 8,604 shares. 68,111 were reported by Blackrock. Henderson Plc accumulated 453,255 shares. 74,380 are owned by Texas Permanent School Fund. Bancorp Of America De reported 1.08M shares stake. Synovus Fincl has invested 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Clarivest Asset Mgmt Ltd Co holds 17 shares. Ledyard Bancorporation stated it has 225 shares or 0% of all its holdings. Brown Brothers Harriman And has invested 0% in Copart, Inc. (NASDAQ:CPRT). Lazard Asset Mgmt Limited Liability Company holds 0.84% or 6.80M shares. Montag And Caldwell Limited Co accumulated 17,274 shares. State Street stated it has 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Moreover, Guardian Trust has 0% invested in Copart, Inc. (NASDAQ:CPRT) for 3,000 shares.

Since March 27, 2017, it had 0 insider purchases, and 1 sale for $12.41 million activity. ADAIR A JAYSON sold $12.41 million worth of stock or 200,000 shares.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 8 analysts covering Copart (NASDAQ:CPRT), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Copart has $63 highest and $33.0 lowest target. $49.75’s average target is 52.98% above currents $32.52 stock price. Copart had 16 analyst reports since January 15, 2016 according to SRatingsIntel. On Friday, January 15 the stock rating was initiated by Jefferies with “Hold”. On Thursday, July 6 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Jefferies on Friday, May 26 with “Hold”. On Wednesday, August 9 the stock rating was maintained by Jefferies with “Hold”. The stock of Copart, Inc. (NASDAQ:CPRT) has “Buy” rating given on Friday, September 23 by Bank of America. The stock of Copart, Inc. (NASDAQ:CPRT) has “Neutral” rating given on Friday, August 26 by Susquehanna. The firm earned “Neutral” rating on Monday, March 21 by Bank of America. The rating was initiated by Gabelli on Tuesday, April 5 with “Hold”. JP Morgan maintained the shares of CPRT in report on Friday, May 27 with “Neutral” rating. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Neutral” rating by Northcoast on Thursday, August 25.

The stock increased 0.18% or $0.06 on September 15, reaching $32.52. About 2.03M shares traded or 72.03% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since September 17, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Wall Street await Copart, Inc. (NASDAQ:CPRT) to release earnings on September, 19. Analysts forecast EPS of $0.31, up exactly $0.02 or 6.90 % from 2014’s $0.29 EPS. The expected CPRT’s profit could reach $71.40 million giving the stock 26.23 P/E in the case that $0.31 earnings per share is reported. After posting $0.37 EPS for the previous quarter, Copart, Inc.’s analysts now forecast -16.22 % negative EPS growth.

Copart, Inc. is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The company has market cap of $7.49 billion. The Firm also provides vehicle remarketing services in Germany. It has a 18.93 P/E ratio. The Firm operates through two divisions: United States and International.

More recent Copart, Inc. (NASDAQ:CPRT) news were published by: Prnewswire.com which released: “Copart Expands Its Locations Near Little Rock and Fayetteville, Arkansas” on August 22, 2017. Also Seekingalpha.com published the news titled: “Does Copart Actually Gain From Hurricane Harvey?” on September 04, 2017. Prnewswire.com‘s news article titled: “Copart Announces Expansion of Its New Orleans, Louisiana Location” with publication date: September 14, 2017 was also an interesting one.

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