Copart, Inc (NASDAQ: CPRT)’s stock price has gone rise by 1.85 in comparison to its previous close of 51.49, however, the company has experienced a 1.15% increase in its stock price over the last five trading days. zacks.com reported 2024-11-04 that Copart, Inc. (CPRT) concluded the recent trading session at $52.45, signifying a +1.85% move from its prior day’s close.
Is It Worth Investing in Copart, Inc (NASDAQ: CPRT) Right Now?
Copart, Inc (NASDAQ: CPRT) has a higher price-to-earnings ratio of 37.51x compared to its average ratio, The 36-month beta value for CPRT is at 1.27. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for CPRT is 879.36M, and currently, shorts hold a 1.53% of that float. The average trading volume for CPRT on November 05, 2024 was 4.35M shares.
CPRT’s Market Performance
CPRT’s stock has seen a 1.15% increase for the week, with a -0.86% drop in the past month and a 5.61% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.83% for Copart, Inc The simple moving average for the last 20 days is -1.50% for CPRT’s stock, with a simple moving average of -1.13% for the last 200 days.
Analysts’ Opinion of CPRT
Many brokerage firms have already submitted their reports for CPRT stocks, with JP Morgan repeating the rating for CPRT by listing it as a “Neutral.” The predicted price for CPRT in the upcoming period, according to JP Morgan is $48 based on the research report published on February 27, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see CPRT reach a price target of $51. The rating they have provided for CPRT stocks is “Hold” according to the report published on December 04th, 2023.
Argus gave a rating of “Buy” to CPRT, setting the target price at $53 in the report published on September 08th of the previous year.
CPRT Trading at 0.37% from the 50-Day Moving Average
After a stumble in the market that brought CPRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.47% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.60% lower at present.
During the last 5 trading sessions, CPRT rose by +1.15%, which changed the moving average for the period of 200-days by +7.69% in comparison to the 20-day moving average, which settled at $53.24. In addition, Copart, Inc saw 7.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPRT starting from ADAIR A JAYSON, who sale 600,000 shares at the price of $57.77 back on Mar 28 ’24. After this action, ADAIR A JAYSON now owns 19,687,980 shares of Copart, Inc, valued at $34,662,000 using the latest closing price.
TRYFOROS THOMAS N, the Director of Copart, Inc, sale 285,000 shares at $55.27 during a trade that took place back on Mar 13 ’24, which means that TRYFOROS THOMAS N is holding 35,000 shares at $15,751,950 based on the most recent closing price.
Stock Fundamentals for CPRT
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.45 for the gross margin
The net margin for Copart, Inc stands at 0.32. The total capital return value is set at 0.2. Equity return is now at value 20.18, with 17.98 for asset returns.
Based on Copart, Inc (CPRT), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 12.4. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 36.14.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at -0.79. When we switch over and look at the enterprise to sales, we see a ratio of 11.6. The receivables turnover for the company is 5.39for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.82.
Conclusion
In conclusion, Copart, Inc (CPRT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
