On a relative basis, the stock has outperformed the S&P 500 by 0.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.03% in the last 1 week, and is up 1.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 38.90% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $50.08 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $48.26 and the 200 Day Moving Average price is recorded at $41.20.
The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 7.32%.
Copart (NASDAQ:CPRT): stock turned positive on Friday. Though the stock opened at $49.43, the bulls momentum made the stock top out at $50.02 level for the day. The stock recorded a low of $49.22 and closed the trading day at $49.85, in the green by 1.88%. The total traded volume for the day was 663,046. The stock had closed at $48.93 in the previous days trading.
In an insider trading activity, The officer (Sr VP, Secretary, Gen Csl), of Copart Inc, Styer Paul A had unloaded 7,640 shares at $49.26 per share in a transaction on July 5, 2016. The total value of transaction was $376,346. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.