Copart (CPRT) Gets a Hold Rating from Barrington

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Copart (CPRTResearch Report). The company’s shares opened today at $70.62, close to its 52-week high of $72.51.

Prestopino commented:

“We believe this positive variance is being driven in part by the demand for rebuildable vehicles worldwide.”

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.1% and a 35.6% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart with a $75 average price target, representing a 6.2% upside. In a report issued on May 17, Guggenheim also downgraded the stock to Hold.

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Based on Copart’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $131 million. In comparison, last year the company had a net profit of $127 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, William E. Franklin, the EVP of CPRT sold 140,000 shares for a total of $8,181,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology.