What Can We Expect After Copart (NASDAQ:CPRT)’s Downgrade By Stephens \u0026 Co.?

May 18, 2018 - By Christine Ryals

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.

Moreover, Millennium Mngmt Ltd Liability Corp has 0.01% invested in Copart, Inc. (NASDAQ:CPRT). Ameritas Investment Partners invested in 60,045 shares. Moreover, Prescott General Ltd has 4.67% invested in Copart, Inc. (NASDAQ:CPRT) for 2.53 million shares. 5,102 were reported by Peak6 Invs Limited Partnership. Cubist Systematic Strategies Limited Liability Co holds 0.11% or 46,366 shares. Guggenheim Cap Ltd Llc reported 234,427 shares. Moreover, Meeder Asset Mgmt has 0% invested in Copart, Inc. (NASDAQ:CPRT). The Alabama-based Retirement System Of Alabama has invested 0.09% in Copart, Inc. (NASDAQ:CPRT). United Capital Advisers Limited Com reported 383,108 shares. Public Employees Retirement Association Of Colorado accumulated 0.01% or 42,575 shares. 144,753 were accumulated by Arizona State Retirement System. Dimensional Fund Advsrs L P owns 1.32 million shares or 0.02% of their US portfolio. Freestone Capital Ltd Liability Co stated it has 35,039 shares or 0.1% of all its holdings. Alkeon Capital Mgmt Ltd Liability Corp owns 899,342 shares. Bbva Compass Commercial Bank holds 13,593 shares.

Since January 2, 2018, it had 0 insider purchases, and 2 sales for $3.63 million activity. Blunt Matt also sold $676,522 worth of Copart, Inc. (NASDAQ:CPRT) on Monday, March 12.

Copart (NASDAQ:CPRT) Receives a Downgrade

Copart (NASDAQ:CPRT) was cut by professional analysts at Stephens \u0026 Co. from their past Overweight rating to a Equal-Weight rating in analysts note issued on Friday, 18 May.

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 -8.81% below currents $56.29 stock price. Copart had 12 analyst reports since November 22, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, April 11 by Barrington. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, November 22. Stephens maintained Copart, Inc. (NASDAQ:CPRT) on Tuesday, January 16 with “Hold” rating. The rating was maintained by Stephens on Tuesday, February 27 with “Buy”. Robert W. Baird maintained Copart, Inc. (NASDAQ:CPRT) rating on Monday, February 26. Robert W. Baird has “Buy” rating and $50.0 target. Stephens upgraded the stock to “Overweight” rating in Monday, February 12 report. Jefferies maintained the stock with “Hold” rating in Monday, February 26 report. Robert W. Baird maintained it with “Buy” rating and $46.0 target in Friday, December 22 report.

The stock increased 0.30% or $0.17 during the last trading session, reaching $56.29. About 1.45M 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 $111.36 million for 29.32 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 $13.06 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 39.61 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.

Another recent and important Copart, Inc. (NASDAQ:CPRT) news was published by Nasdaq.com which published an article titled: “Analysis: Positioning to Benefit within First BanCorp, CarMax, Darden Restaurants, Deere, GoDaddy, and Copart …” on May 09, 2018.

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

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