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

May 18, 2018 - By reb123z

Copart, Inc. (NASDAQ:CPRT) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.06, from 1.13 in 2017Q3. It improved, 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.

Welch And Forbes Ltd Liability holds 0.02% or 17,450 shares. 5,000 were reported by Nadler Group Inc. Teacher Retirement Of Texas holds 70,375 shares. Keybank National Association Oh holds 0% in Copart, Inc. (NASDAQ:CPRT) or 16,204 shares. Hsbc Plc accumulated 0% or 47,193 shares. Qs Investors Ltd Liability invested in 0% or 64 shares. Voloridge Invest Mgmt Ltd Com has 0.01% invested in Copart, Inc. (NASDAQ:CPRT). Weaver C Barksdale Associate accumulated 0.01% or 182 shares. Fmr Limited Liability holds 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 3.94 million shares. Bluecrest Capital Mngmt Ltd has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Rmb Capital Limited Co invested in 0.13% or 116,678 shares. Redmond Asset Mgmt Limited Liability Company has 2.74% invested in Copart, Inc. (NASDAQ:CPRT) for 147,378 shares. Reliance Trust Of Delaware owns 5,241 shares or 0.03% of their US portfolio. Claar Advisors Lc invested in 33,282 shares. Captrust Fincl Advsrs stated it has 0.01% in Copart, Inc. (NASDAQ:CPRT).

Since January 2, 2018, it had 0 buys, and 2 selling transactions for $3.63 million activity. $2.95M worth of Copart, Inc. (NASDAQ:CPRT) was sold by Englander Daniel J.

Copart (NASDAQ:CPRT) Receives a Downgrade

New York-listed Copart (NASDAQ:CPRT) shares have been lowered by stock research analysts at Stephens. Stephens lowered its rating on the $12.77 billion 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. Jefferies maintained the stock with “Hold” rating in Monday, February 26 report. The rating was maintained by Stephens with “Hold” on Tuesday, January 16. The rating was maintained by Robert W. Baird on Wednesday, November 22 with “Buy”. The firm has “Hold” rating given on Wednesday, April 11 by Barrington. Stephens maintained the stock with “Buy” rating in Tuesday, February 27 report. The firm earned “Buy” rating on Friday, December 22 by Robert W. Baird. The firm has “Buy” rating given on Monday, February 26 by Robert W. Baird. The rating was upgraded by Stephens to “Overweight” on Monday, February 12.

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 EPS, 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 EPS 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.