News articles about Copart (NASDAQ:CPRT) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Copart earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.7068631883317 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Copart, Inc. (CPRT) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Trend Analysis Report: Copart, Inc., (NASDAQ: CPRT), Royal Bank of Canada, (NYSE: RY), Regency Centers … – Stocks In The News (press release) (tradingnewsnow.com)
- Drilling Down Into: Copart, Inc., (NASDAQ: CPRT), Pareteum Corporation, (NYSE: TEUM), Forum Energy Technologies … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to Copart, Inc. : November 8, 2017 (finance.yahoo.com)
- Copart (CPRT) Expands Online Auction Location at Arizona – Nasdaq (nasdaq.com)
Copart (NASDAQ:CPRT) traded up $0.23 during midday trading on Monday, reaching $35.85. The company had a trading volume of 1,037,100 shares, compared to its average volume of 1,074,672. Copart has a 52 week low of $26.41 and a 52 week high of $36.76. The company has a market cap of $8,290.00, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.94 and a quick ratio of 1.91.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Tuesday, September 19th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Copart had a return on equity of 31.83% and a net margin of 27.23%. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $355.42 million. During the same period last year, the company earned $0.31 EPS. Copart’s revenue for the quarter was up 13.8% on a year-over-year basis. equities research analysts anticipate that Copart will post 1.41 EPS for the current year.
Several equities research analysts recently commented on CPRT shares. CJS Securities reiterated an “outperform” rating and issued a $42.00 price objective on shares of Copart in a report on Thursday, October 5th. Zacks Investment Research downgraded Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird lifted their price objective on Copart from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 21st. Finally, Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.33.
In other Copart news, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $34.32, for a total value of $6,864,000.00. Following the transaction, the president now directly owns 47,660 shares of the company’s stock, valued at $1,635,691.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.
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.
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