Copart (NASDAQ:CPRT) Receives a Lower Rating From Stephens. Is it Time to Sell Shares?

May 18, 2018 - By Calvin Voll

Copart, Inc. (NASDAQ:CPRT) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.06, from 1.13 in 2017Q3. It increased, as 23 investors sold Copart, Inc. shares while 120 reduced holdings. 69 funds opened positions while 101 raised stakes. 170.87 million shares or 2.48% more from 166.73 million shares in 2017Q3 were reported.

Washington owns 19,760 shares. New Amsterdam Prns Limited Liability Ny holds 0.56% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 65,092 shares. Architects accumulated 0.01% or 1,004 shares. Arizona State Retirement Sys holds 0.06% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 144,753 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0.02% in Copart, Inc. (NASDAQ:CPRT). Virginia Retirement Systems Et Al holds 32,100 shares or 0.02% of its portfolio. Riverhead Capital Mngmt Lc holds 0.04% in Copart, Inc. (NASDAQ:CPRT) or 22,729 shares. Jlb And Associates Incorporated holds 3.02% or 321,659 shares in its portfolio. Blackrock reported 0.03% stake. Metropolitan Life Insurance Company Ny stated it has 0.04% in Copart, Inc. (NASDAQ:CPRT). King Luther Management reported 0.17% stake. Prescott General Ltd Liability Company owns 2.53M shares. State Street Corporation, a Massachusetts-based fund reported 5.44 million shares. Ameritas Invest Prtn Inc invested in 0.12% or 60,045 shares.

Since January 2, 2018, it had 0 insider purchases, and 2 insider sales for $3.63 million activity. $2.95M worth of stock was sold by Englander Daniel J on Tuesday, January 2.

Copart (NASDAQ:CPRT) Receives a Downgrade

New York-listed Copart (NASDAQ:CPRT) shares have been decreased by analysts at Stephens. Stephens decreased its rating on the $12.77B market capitalized firm to a Hold.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 7 analysts covering Copart (NASDAQ:CPRT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Copart has $58 highest and $41.0 lowest target. $51.33’s average target is -6.77% below currents $55.06 stock price. Copart had 12 analyst reports since November 22, 2017 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, February 12 by Stephens. The rating was maintained by Barrington with “Hold” on Wednesday, April 11. As per Tuesday, January 16, the company rating was maintained by Stephens. As per Monday, February 26, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Monday, February 26 by Robert W. Baird. The stock of Copart, Inc. (NASDAQ:CPRT) has “Buy” rating given on Friday, December 22 by Robert W. Baird. Stephens maintained Copart, Inc. (NASDAQ:CPRT) rating on Tuesday, February 27. Stephens has “Buy” rating and $54.0 target. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Buy” rating by Robert W. Baird on Wednesday, November 22.

The stock decreased 2.19% or $1.23 during the last trading session, reaching $55.06. About 407,516 shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 61.05% since May 18, 2017 and is uptrending. It has outperformed by 49.50% the S&P500.

Analysts await Copart, Inc. (NASDAQ:CPRT) to report earnings on May, 23. They expect $0.48 earnings per share, up 29.73 % or $0.11 from last year’s $0.37 per share. CPRT’s profit will be $111.36M for 28.68 P/E if the $0.48 EPS becomes a reality. After $0.47 actual earnings per share reported by Copart, Inc. for the previous quarter, Wall Street now forecasts 2.13 % EPS growth.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $12.77 billion. 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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners. It has a 38.75 P/E ratio. The companyÂ’s services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency processing, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services.

More news for Copart, Inc. (NASDAQ:CPRT) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. Nasdaq.com‘s article titled: “Analysis: Positioning to Benefit within First BanCorp, CarMax, Darden Restaurants, Deere, GoDaddy, and Copart …” and published on May 09, 2018 is yet another important article.

Copart, Inc. (NASDAQ:CPRT) Institutional Positions Chart

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