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Copart Inc. (NASDAQ:CPRT) target price raised to $63.00, reported today by Bank of America (Merrill Lynch)

Copart Inc. (NASDAQ:CPRT) had its target price raised to $63.00 by Bank of America (Merrill Lynch) in a report released 9/23/2016. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.

Previously on 09/22/2016, Jefferies & Co reported about Copart Inc. (NASDAQ:CPRT) raised the target price from $53.00 to $55.00. At the time, this indicated a possible upside of 0.03%.

Just yesterday Copart Inc. (NASDAQ:CPRT) traded 1.89% higher at $53.48. Copart Inc.’s 50-day moving average is $51.21 and its 200-day moving average is $46.79. The last closing price is up 15.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 458,381 shares of CPRT traded hands, down from an average trading volume of 583,469

Recent Performance Chart

Copart Inc. (NASDAQ:CPRT)

Copart Inc. has 52 week low of $32.26 and a 52 week high of $54.85 with a PE ratio of 24.38 and has a market capitalization of $0.

In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 9 brokers have issued a research note on CPRT. The one year target is $41.94 with five analysts rating the company a strong buy, one analyst rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For 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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