Copart Inc. (NASDAQ:CPRT) Relative Strength Index (RSI) is 54.94, with weekly volatility at 1.55% and ATR at 2.41. The CPRT stock’s 52-week price range has touched low of $78.55 and a $130.96 high. Intraday shares traded counted 0.73 million, which was 29.3% higher than its 30-day average trading volume of 1.03M. Its shares traded higher over the last trading session, gaining 0.10% on 06/16/21. The shares fell to a low of $124.26 before closing at $125.70. CPRT’s previous close was $125.57 while the outstanding shares total 236.40M. The firm has a beta of 1.03, a 12-month trailing P/E ratio of 35.65, and a growth ratio of 1.60.
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Investors have identified the Specialty Business Services company Copart Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $29.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Copart Inc. (CPRT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.5 billion total, with 413.05 million as their total liabilities.
CPRT were able to record 397.81 million as free cash flow during the 09/21/2021 quarter of the year, this saw their quarterly net cash flow reduce by 434.17 million. In cash movements, the company had a total of 762.21 million as operating cash flow.
Potential earnings growth for Copart Inc. (CPRT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/21/2021 quarter of the year, Copart Inc. recorded a total of 733.91 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 25.01% coming in sequential stages and their sales for the 09/21/2021 quarter increasing by 15.93%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 352.57 million trying to sell their products during the last quarter, with the result yielding a gross income of 381.34 million. This allows shareholders to hold on to 236.40M with the recently reported earning now reading 1.21 cents per share. This is a figure that compared to analyst’s prediction for their 09/21/2021 (1.09 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.79 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CPRT sounds very interesting.
Is the stock of CPRT attractive?
In related news, Chairman of the Board, JOHNSON WILLIS J sold 374,372 shares of the company’s stock in a transaction that recorded on Mar 24. The sale was performed at an average price of 106.66, for a total value of 39,930,443. As the sale deal closes, the Chairman of the Board, JOHNSON WILLIS J now sold 234,012 shares of the company’s stock, valued at 25,296,697. Also, Director, MEEKS JAMES E sold 77,861 shares of the company’s stock in a deal that was recorded on Mar 15. The shares were price at an average price of 110.55 per share, with a total market value of 8,607,681. Following this completion of acquisition, the Director, MEEKS JAMES E now holds 2,139 shares of the company’s stock, valued at 235,726. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
7 out of 11 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Copart Inc.. 0 analysts has assigned a Sell rating on the CPRT stock. The 12-month mean consensus price target for the company’s shares has been set at $144.75.
