Barrington Research downgraded Copart (NASDAQ:CPRT) from Outperform to Mkt Perform in a statement released earlier today.
- Updated: September 22, 2016
Yesterday Copart (NASDAQ:CPRT) traded 0.06% higher at $52.87. The company’s 50-day moving average is $51.12 and its 200-day moving average is $46.75. With the last stock price close up 14.51% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 146,929 shares of CPRT changing hands under the typical 568,667
Barrington Research has downgraded Copart (NASDAQ:CPRT) from Outperform to Mkt Perform in a statement released on 9/23/2016.
Previously on Thursday September 22, 2016, Jefferies & Co reported about Copart (NASDAQ:CPRT) increased the target price from $53.00 to $55.00 that suggested an upside of 0.03%.
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Copart has a PE ratio of 27.49 with a one year low of $32.26 and a one year high of $54.85 Copart’s market capitalization is currently $0.
In addition to Barrington Research reporting its stock price target, a total of 9 firms have issued a ratings update on Copart. The 12-month price target is $41.94 with five analysts rating the company a strong buy, one firm rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the stock a sell.
Brief Synopsis On Copart (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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