What’s Next for Copart, Inc. (CPRT) After Achieving All Time High?

April 17, 2018 - By Darrin Black

Copart, Inc. (NASDAQ:CPRT) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.06, from 1.13 in 2017Q3. It is positive, as 23 investors sold Copart, Inc. shares while 120 reduced holdings. 69 funds opened positions while 101 raised stakes. 170.87 million shares or 2.48% more from 166.73 million shares in 2017Q3 were reported.
Freestone Ltd Company invested in 35,039 shares. Bnp Paribas Asset Mgmt Hldg Sa invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Balyasny Asset Management Limited stated it has 0% in Copart, Inc. (NASDAQ:CPRT). Us State Bank De, a Minnesota-based fund reported 2.91M shares. Raymond James And Assocs holds 0.02% or 266,070 shares in its portfolio. Pennsylvania-based Brinker Capital has invested 0.13% in Copart, Inc. (NASDAQ:CPRT). Ashford owns 465,912 shares. Robeco Institutional Asset Management Bv invested in 0.45% or 2.03 million shares. 7,812 are owned by Hodges Management Inc. Great West Life Assurance Can accumulated 144,622 shares or 0.01% of the stock. Fcm Invs Tx holds 5.71% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 92,676 shares. Virtu Fincl Limited Liability Corp has invested 0.04% in Copart, Inc. (NASDAQ:CPRT). Prescott General Ltd Company accumulated 4.67% or 2.53 million shares. Proshare Advsrs Ltd Liability invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Acadian Asset Mngmt Limited Liability reported 0.01% of its portfolio in Copart, Inc. (NASDAQ:CPRT).

Since January 2, 2018, it had 0 insider buys, and 2 sales for $3.63 million activity. 13,333 shares were sold by Blunt Matt, worth $676,522.

The stock of Copart, Inc. (NASDAQ:CPRT) reached all time high today, Apr, 17 and still has $55.14 target or 7.00 % above today’s $51.53 share price. This indicates more upside for the $11.96 billion company. This technical setup was reported by Barchart.com. If the $55.14 PT is reached, the company will be worth $836.85 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.38% or $1.2 during the last trading session, reaching $51.53. About 530,413 shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 61.05% since April 17, 2017 and is uptrending. It has outperformed by 49.50% the S&P500.

Analysts await Copart, Inc. (NASDAQ:CPRT) to report earnings on May, 23. They expect $0.48 earnings per share, up 29.73 % or $0.11 from last year’s $0.37 per share. CPRT’s profit will be $111.36M for 26.84 P/E if the $0.48 EPS becomes a reality. After $0.47 actual earnings per share reported by Copart, Inc. for the previous quarter, Wall Street now forecasts 2.13 % EPS growth.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 6 analysts covering Copart (NASDAQ:CPRT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Copart had 13 analyst reports since October 18, 2017 according to SRatingsIntel. On Monday, February 12 the stock rating was upgraded by Stephens to “Overweight”. Robert W. Baird maintained Copart, Inc. (NASDAQ:CPRT) rating on Wednesday, November 22. Robert W. Baird has “Buy” rating and $44.0 target. The firm has “Hold” rating by Stephens given on Tuesday, January 16. Jefferies maintained Copart, Inc. (NASDAQ:CPRT) on Wednesday, October 18 with “Hold” rating. The firm has “Buy” rating by Stephens given on Tuesday, February 27. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Hold” rating by Barrington on Wednesday, April 11. The firm has “Buy” rating by Robert W. Baird given on Monday, February 26. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Buy” rating by Robert W. Baird on Tuesday, October 31. The company was maintained on Friday, December 22 by Robert W. Baird. The company was maintained on Monday, February 26 by Jefferies.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $11.96 billion. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners. It has a 36.26 P/E ratio. The companyÂ’s services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency processing, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services.

Copart, Inc. (NASDAQ:CPRT) Institutional Positions Chart

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