Copart, Inc. (CPRT) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Copart, Inc. (NASDAQ: CPRT), headquartered in Dallas, Texas, is a leading provider of online auctions and vehicle remarketing services. Established in 1982, the company operates in several countries, including the United States, Canada, and the United Kingdom. As part of the Industrials sector, specifically within Specialty Business Services, Copart leverages cutting-edge internet technology to facilitate connections between vehicle sellers—ranging from individuals to corporations—and prospective buyers. The company’s innovative solutions, like Copart Recycling and Copart 360 technology for vehicle imaging, position it well within the dynamic vehicle remarketing industry, providing investors with substantial opportunities for growth.
Industry Analysis
The Specialty Business Services industry is currently experiencing a bullish sentiment, receiving a firm “buy” recommendation from analysts. With a robust total revenue of approximately $4.24 billion, it showcases significant financial strength and stability, indicating a favorable environment for potential investments. Analysts have established a target high price of $63.00 for stocks within this sector, reflecting optimistic growth expectations. The sector’s promising outlook underscores its attractiveness to investors looking to capitalize on emerging trends in the Industrials landscape.
Stock Performance Overview
As of the latest data, Copart, Inc. trades at $51.44 with a target mean price of $58.55, presenting a good opportunity for potential upside. The stock has a total of 962,297,984 shares outstanding, with a modest short interest at 1.48%, suggesting confidence among investors favoring long positions. Over the past year, Copart’s stock reached a fifty-two week high of $58.58 while dipping to a low of $42.41, indicating stable performance trends despite being slightly below recent averages. With a recommendation mean score of 2.1 from six analysts, the overall outlook remains positive, reflecting the stock’s potential for future appreciation in value.
| Metric | Value |
|---|---|
| Market Cap | $49.5b |
| Total Debt | $118.7m |
| Total Cash | $3.4b |
| Shares Outstanding | 962.3m |
| Float Shares | 877.7m |
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