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A report released today by Zacks Investment Research about Copart, Inc. (NASDAQ:CPRT) raises the target price to $61.00

In a report released on 9/26/2016 Zacks Investment Research increased the stock price target of Copart, Inc. (NASDAQ:CPRT) to $61.00 indicating a possible upside of 0.13%.

Previously on 09/23/2016, Bank of America (Merrill Lynch) reported on Copart, Inc. (NASDAQ:CPRT) increased the target price from $52.00 to $63.00. At the time, this indicated a possible upside of 0.18%.

Yesterday Copart, Inc. (NASDAQ:CPRT) traded -0.61% lower at $54.05. The company’s 50-day moving average is $51.31 and its 200-day moving average is $46.89. The last closing price is up 14.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 242,186 shares of the stock traded hands, down from an average trading volume of 596,725

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Copart, Inc. (NASDAQ:CPRT)

Copart, Inc. has a 52 week low of $32.26 and a 52 week high of $54.85 with a P/E ratio of 24.31 The company’s market cap is currently $0.

A total of 9 analysts have released a research note on Copart, Inc.. Five analysts rating the company a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $41.94.

More About Copart, Inc. (NASDAQ:CPRT)

Copart, Inc. is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies, and also to banks and financial institutions, charities, car dealerships, fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters, and at certain locations, to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies, or are recovered stolen vehicles.

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