Copart (NASDAQ:CPRT) : The consensus on Copart (NASDAQ:CPRT) based on 8 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Copart (NASDAQ:CPRT) : Currently there are 8 street experts covering Copart (NASDAQ:CPRT) stock. The most bullish and bearish price target for the stock is $53 and $28 respectively for the short term. The average price target of all the analysts comes to $48.06. The estimated standard deviation from the target is $8.4.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Jefferies maintains its rating on Copart (NASDAQ:CPRT). As per the latest information, the brokerage house raises the price target to $53 per share from a prior target of $40. The shares have been rated Hold. The rating by the firm was issued on May 27, 2016.
Copart (NASDAQ:CPRT): stock turned positive on Tuesday. Though the stock opened at $46.77, the bulls momentum made the stock top out at $46.98 level for the day. The stock recorded a low of $46.37 and closed the trading day at $46.73, in the green by 0.58%. The total traded volume for the day was 1,434,510. The stock had closed at $46.46 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Styer Paul A, officer (Sr VP, Secretary, Gen Csl) of Copart Inc, had unloaded 8,101 shares at an average price of $49.27 in a transaction dated on June 23, 2016. The total value of the transaction was worth $399,136.
Copart, Inc. is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies, and also to banks and financial institutions, charities, car dealerships, fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters, and at certain locations, to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies, or are recovered stolen vehicles.