In last trading session, Copart Inc. (NASDAQ:CPRT) saw 12.1 million shares changing hands with its beta currently measuring 1.19. Company’s recent per share price level of $43.88 trading at -$0.97 or -2.16% at ring of the bell on the day assigns it a market valuation of $41.90B. That closing price of CPRT’s stock is at a discount of -7.98% from its 52-week high price of $47.38 and is indicating a premium of 40.43% from its 52-week low price of $26.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.99 million shares which gives us an average trading volume of 4.04 million if we extend that period to 3-months.
For Copart Inc. (CPRT), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.31 in the current quarter.
Copart Inc. (NASDAQ:CPRT) trade information
Upright in the red during last session for losing -2.16%, in the last five days CPRT remained trading in the red while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $43.88 price level, adding 2.92% to its value on the day. Copart Inc.’s shares saw a change of 44.13% in year-to-date performance and have moved -1.81% in past 5-day. Copart Inc. (NASDAQ:CPRT) showed a performance of 0.35% in past 30-days. Number of shares sold short was 8.39 million shares which calculate 2.42 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $48.19 to the stock, which implies a rise of 8.94% to its current value. Analysts have been projecting $41.00 as a low price target for the stock while placing it at a high target of $53.00. It follows that stock’s current price would drop -20.78% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.56% for stock’s current value.
Copart Inc. (CPRT) estimates and forecasts
Statistics highlight that Copart Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 25.35% of value to its shares in past 6 months, showing an annual growth rate of 7.14% while that of industry is 25.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 24.00% in the current quarter and calculating 10.00% increase in the next quarter. This year revenue growth is estimated to rise 6.70% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $993.81 million for the same. And 4 analysts are in estimates of company making revenue of $1.01 billion in the next quarter that will end on Jan 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.10% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 16.00% while estimates for its earnings growth in next 5 years are of 22.30%.
Copart Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Copart Inc. (NASDAQ:CPRT)’s Major holders
Insiders are in possession of 9.48% of company’s total shares while institution are holding 82.58 percent of that, with stock having share float percentage of 91.23%. Investors also watch the number of corporate investors in a company very closely, which is 82.58% institutions for Copart Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at CPRT for having 97.24 million shares of worth $4.43 billion. And as of Jun 29, 2023, it was holding 20.37% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 79.0 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 16.55% of outstanding shares, having a total worth of $3.6 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Principal Mid Cap Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 26.73 million shares of worth $1.22 billion or 5.60% of the total outstanding shares. The later fund manager was in possession of 25.42 million shares on Apr 29, 2023, making its stake of worth around $1.0 billion in the company or a holder of 5.33% of company’s stock.