In today’s recent session, 1.08 million shares of the Copart, Inc. (NASDAQ:CPRT) have been traded, and its beta is 1.27. Most recently the company’s share price was $55.25, and it changed around $0.81 or 1.49% from the last close, which brings the market valuation of the company to $53.22B. CPRT at last check was trading at a discount to its 52-week high of $58.58, offering almost -6.03% off that amount. The share price’s 52-week low was $42.41, which indicates that the recent value has risen by an impressive 23.24% since then. We note from Copart, Inc.’s average daily trading volume that its 10-day average is 4.13 million shares, with the 3-month average coming to 4.46 million.
Copart, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.15. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended CPRT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Copart, Inc. is expected to report earnings per share of 0.37 for the current quarter.
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Copart, Inc. (NASDAQ:CPRT) trade information
Instantly CPRT has been showing a green trend so far today with a performance of 1.49% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 55.11 on recent trading daydecreased the stock’s daily price by -0.25%. The company’s shares are currently up 12.76% year-to-date, but still up 4.94% over the last five days. On the other hand, Copart, Inc. (NASDAQ:CPRT) is 11.59% up in the 30-day period. We can see from the shorts that 11.07 million shares have been sold at a short interest cover period of 2.43 day(s).
The consensus price target as assigned by Wall Street analysts is $30.25, which translates to bulls needing to decrease their stock price by -82.64% from its current value. Analyst projections state that CPRT is forecast to be at a low of $18.5 and a high of $63.
Copart, Inc. (CPRT) estimates and forecasts
Copart, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.39 percent over the past six months and at a 10.00% annual growth rate that is well below the industry average of 24.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.80% in revenue this quarter, and will report an increase of 12.10% in the next quarter. The year-over-year growth rate is expected to be 7.60%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 1.09B in revenue for the current quarter. 5 analysts expect Copart, Inc. to make 1.11B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 10.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 17.85%. Copart, Inc. earnings are expected to increase by 11.27% in 2024, but the outlook is positive 15.00% per year for the next five years.
CPRT Dividends
Copart, Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-14.
Copart, Inc. (NASDAQ:CPRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.19% of Copart, Inc. shares, and 84.98% of them are in the hands of institutional investors. The stock currently has a share float of 93.57%. Copart, Inc. stock is held by 1483.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.4636% of the shares, which is about 100.64 million shares worth $5.45 billion.
BLACKROCK INC., with 7.1932% or 69.18 million shares worth $3.75 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Principal Mid Cap Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 27.38 shares worth $1.52 billion, making up 2.84% of all outstanding shares. On the other hand, Principal Mid Cap Fund held roughly 22.51 shares worth around $1.25 billion, which represents about 2.34% of the total shares outstanding.
