Copart (CPRT) Shares are Down -0.91%

Copart (CPRT) has risen sharply, recording gains of 3.64% in the past 4 weeks. However, the stock has corrected -0.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.65% and the 50-Day Moving Average is 4.33%.The 200 Day SMA reached 21.7%

Copart

Copart (NASDAQ:CPRT): After opening at $53.13, the stock dipped to an intraday low of $53.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.86 and the buying power remained strong till the end. The stock closed at $53.56 for the day, a gain of 1.02% for the day session. The total traded volume was 715,228. The stocks close on the previous trading day was $53.56.

Copart (CPRT) : The highest level Copart (CPRT) is projected to reach is $63 for the short term and the lowest estimate is at $55. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $58 and the possibility the share price can swing is $4.36.

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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