Copart (NASDAQ:CPRT) Receiving Somewhat Favorable Media Coverage, Study Shows

Media headlines about Copart (NASDAQ:CPRT) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Copart earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.0779414383747 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Copart (CPRT) traded up $0.01 during mid-day trading on Wednesday, hitting $44.33. The stock had a trading volume of 1,271,721 shares, compared to its average volume of 1,140,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26. The firm has a market cap of $10,250.00, a P/E ratio of 34.63, a P/E/G ratio of 1.46 and a beta of 1.30. Copart has a one year low of $27.74 and a one year high of $45.26.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the prior year, the company earned $0.29 EPS. analysts predict that Copart will post 1.52 EPS for the current year.

Several equities analysts recently issued reports on the company. Robert W. Baird restated a “buy” rating and set a $44.00 price target on shares of Copart in a research report on Friday, November 24th. Stephens set a $49.00 price target on Copart and gave the stock a “hold” rating in a research report on Wednesday. Jefferies Group upped their price objective on Copart to $40.00 and gave the stock a “hold” rating in a report on Thursday, November 23rd. Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They set a “market perform” rating on the stock. Finally, Gabelli reaffirmed a “hold” rating on shares of Copart in a report on Friday, November 24th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.00.

In other Copart news, Director Daniel J. Englander sold 68,004 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

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About Copart

Copart, Inc (Copart) 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 also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Insider Buying and Selling by Quarter for Copart (NASDAQ:CPRT)

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