Copart (CPRT) Receives a Rating Update from a Top Analyst

Barrington analyst Gary Prestopino maintained a Hold rating on Copart (CPRTResearch Report) today. The company’s shares closed last Tuesday at $144.31, close to its 52-week high of $149.07.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 44.4% and a 59.1% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Bottomline Technologies, and Wheels Up Experience.

Currently, the analyst consensus on Copart is a Moderate Buy with an average price target of $155.00.

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Copart’s market cap is currently $33.79B and has a P/E ratio of 36.80. The company has a Price to Book ratio of 10.83.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPRT in relation to earlier this year. Most recently, in July 2021, Matt Blunt, a Director at CPRT sold 20,000 shares for a total of $2,660,200.

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.

Corning Incorporated engages in manufacturing glass panels, liquid crystal display glass and funnels used inmobiles, televisions, notebook computers, and flat panel desktop monitors. It also provides optical fiber, cable, and photonic components for the telecommunications industry as well as develops, manufactures and supplies scientific laboratory products.