Brokerage Firm Rating Update on Copart (CPRT)

Copart (CPRT) : Zacks Investment Research ranks Copart (CPRT) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.43, which indicates as a Buy.

Copart (CPRT) stock is expected to deviate a maximum of $9.78 from the average target price of $47.25 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $53 and the most muted being $28.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Northcoast Research, downgrades their rating on the shares of Copart (NASDAQ:CPRT). Northcoast Research has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 25, 2016.

Copart (NASDAQ:CPRT): stock was range-bound between the intraday low of $50.78 and the intraday high of $51.34 after having opened at $51.2 on Wednesdays session. The stock finally closed in the red at $51.2, a loss of -0.35%. The stock remained in the red for the whole trading day. The total traded volume was 547,774 shares. The stock failed to cross $51.34 in Wednesdays trading. The stocks closing price on Thursday was $51.33.

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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