Copart, Inc. (NASDAQ:CPRT) insider William E. Franklin sold 41,007 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $77.37, for a total value of $3,172,711.59. Following the completion of the sale, the insider now owns 58,974 shares in the company, valued at $4,562,818.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ CPRT opened at $77.81 on Friday. The firm has a market capitalization of $17.76 billion, a PE ratio of 44.98, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07. Copart, Inc. has a 12-month low of $44.61 and a 12-month high of $78.21. The company has a fifty day moving average of $74.45.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. Copart had a return on equity of 31.33% and a net margin of 28.12%. The company had revenue of $553.12 million for the quarter, compared to analysts’ expectations of $535.62 million. During the same period last year, the firm earned $0.52 earnings per share. Copart’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts expect that Copart, Inc. will post 2.21 earnings per share for the current fiscal year.
Several analysts have recently issued reports on CPRT shares. Guggenheim cut Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective on the stock. in a research note on Friday, May 17th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks increased their price objective on Copart to $78.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.77.
Copart, Inc provides online auctions and vehicle remarketing services. 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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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