Copart, Inc. (NASDAQ:CPRT) has been upgraded to Buy in a report by Bank of America Corp. today.
- Updated: September 24, 2016
Bank of America Corp. has upgraded Copart, Inc. (NASDAQ:CPRT) to Buy in a statement released on 9/23/2016.
On 9/22/2016, Jefferies & Co released a statement about Copart, Inc. (NASDAQ:CPRT) raised the target price from $53.00 to $55.00 that suggested an upside of 0.03%.
Having a price of $53.48, Copart, Inc. (NASDAQ:CPRT) traded 2.23% higher on the day. With the last stock price close up 15.26% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. CPRT has recorded a 50-day moving average of $51.31 and a 200-day moving average of $46.89. 1,563,463 shares of CPRT traded, up from an avg. volume of 596,725
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Copart, Inc. has a 52 week low of $32.26 and a one year high of $54.85 with a price-earnings ratio of 24.46 CPRT’s total market value is presently $0.
A total of 9 firms have reported on CPRT. 5 brokerages rating the company a strong buy, one firm rating the stock a buy, 3 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $41.94.
Brief Synopsis On 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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