Copart (NASDAQ:CPRT) “Hold” Rating Reiterated Today By Jefferies; The Target Price per Share is $33.0

September 17, 2017 - By Migdalia James

 Copart (NASDAQ:CPRT)

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.06, from 0.82 in 2016Q3. It is positive, as 41 investors sold Copart, Inc. shares while 111 reduced holdings. 41 funds opened positions while 93 raised stakes. 83.97 million shares or 2.73% less from 86.32 million shares in 2016Q3 were reported.

State Treasurer State Of Michigan owns 41,052 shares or 0.02% of their US portfolio. Ingalls Snyder Ltd Company has invested 0.33% in Copart, Inc. (NASDAQ:CPRT). Wesbanco Savings Bank Inc reported 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Ahl Llp holds 23,641 shares or 0.04% of its portfolio. Gotham Asset Ltd Company reported 0.01% stake. Dynamic Capital Management stated it has 0.08% in Copart, Inc. (NASDAQ:CPRT). Morgan Dempsey Cap Mngmt Limited Liability Corporation owns 3,873 shares or 0.06% of their US portfolio. Thrivent For Lutherans invested 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Endurance Wealth Management Incorporated owns 0.04% invested in Copart, Inc. (NASDAQ:CPRT) for 4,050 shares. Legal General Grp Inc Public Llc holds 0% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 35,174 shares. Hanseatic Svcs invested in 0.7% or 22,424 shares. 89,918 were accumulated by Blackrock Grp Limited. Rhumbline Advisers reported 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). 19,000 are held by Empire Mgmt Ltd Com. Chicago Equity Partners Limited Company stated it has 3,680 shares.

Since March 27, 2017, it had 0 buys, and 1 sale for $12.41 million activity. Another trade for 200,000 shares valued at $12.41M was sold by ADAIR A JAYSON.

Copart (NASDAQ:CPRT) Rating Reaffirmed

Jefferies now has a $33.0 PT on the $7.49 billion market cap company or 1.48 % upside potential. In a report released on 11 September, Copart (NASDAQ:CPRT) shares have had their “Hold” Rating restate by investment analysts at Jefferies.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.06, from 0.82 in 2016Q3. It is positive, as 41 investors sold Copart, Inc. shares while 111 reduced holdings. 41 funds opened positions while 93 raised stakes. 83.97 million shares or 2.73% less from 86.32 million shares in 2016Q3 were reported.

State Treasurer State Of Michigan owns 41,052 shares or 0.02% of their US portfolio. Ingalls Snyder Ltd Company has invested 0.33% in Copart, Inc. (NASDAQ:CPRT). Wesbanco Savings Bank Inc reported 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Ahl Llp holds 23,641 shares or 0.04% of its portfolio. Gotham Asset Ltd Company reported 0.01% stake. Dynamic Capital Management stated it has 0.08% in Copart, Inc. (NASDAQ:CPRT). Morgan Dempsey Cap Mngmt Limited Liability Corporation owns 3,873 shares or 0.06% of their US portfolio. Thrivent For Lutherans invested 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Endurance Wealth Management Incorporated owns 0.04% invested in Copart, Inc. (NASDAQ:CPRT) for 4,050 shares. Legal General Grp Inc Public Llc holds 0% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 35,174 shares. Hanseatic Svcs invested in 0.7% or 22,424 shares. 89,918 were accumulated by Blackrock Grp Limited. Rhumbline Advisers reported 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). 19,000 are held by Empire Mgmt Ltd Com. Chicago Equity Partners Limited Company stated it has 3,680 shares.

Since March 27, 2017, it had 0 buys, and 1 sale for $12.41 million activity. Another trade for 200,000 shares valued at $12.41M was sold by ADAIR A JAYSON.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 8 analysts covering Copart (NASDAQ:CPRT), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Copart has $63 highest and $33.0 lowest target. $49.75’s average target is 52.98% above currents $32.52 stock price. Copart had 16 analyst reports since January 15, 2016 according to SRatingsIntel. The stock of Copart, Inc. (NASDAQ:CPRT) has “Hold” rating given on Wednesday, August 9 by Jefferies. The firm earned “Neutral” rating on Friday, May 27 by JP Morgan. The firm earned “Hold” rating on Friday, May 26 by Jefferies. The firm earned “Neutral” rating on Thursday, August 25 by Northcoast. Bank of America upgraded Copart, Inc. (NASDAQ:CPRT) on Friday, September 23 to “Buy” rating. The firm has “Hold” rating by Jefferies given on Monday, January 18. On Friday, May 27 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained the shares of CPRT in report on Thursday, September 22 with “Hold” rating. The firm earned “Neutral” rating on Monday, March 21 by Bank of America. The stock has “Hold” rating by Jefferies on Monday, September 11.

The stock increased 0.18% or $0.06 on September 15, reaching $32.52. About 2.03 million shares traded or 72.03% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since September 17, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Investors wait Copart, Inc. (NASDAQ:CPRT) to report on September, 19. its quarterly earnings Wall Street analysts expect $0.31 earnings per share, up $0.02 or 6.90 % from last year’s $0.29 same quarter earnings. This translates into $71.40 million profit for CPRT giving the stock a 26.23 P/E. This is assuming the current $0.31 EPS is accurate. Copart, Inc.’s Wall Street analysts see -16.22 % negative EPS growth, taking into account the $0.37 EPS reproted in the previous quarter,

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, Brazil, Ireland, Spain and India. The company has market cap of $7.49 billion. The Firm also provides vehicle remarketing services in Germany. It has a 18.93 P/E ratio. The Firm operates through two divisions: United States and International.

More recent Copart, Inc. (NASDAQ:CPRT) news were published by: Prnewswire.com which released: “Copart Expands Its Locations Near Little Rock and Fayetteville, Arkansas” on August 22, 2017. Also Seekingalpha.com published the news titled: “Does Copart Actually Gain From Hurricane Harvey?” on September 04, 2017. Prnewswire.com‘s news article titled: “Copart Announces Expansion of Its New Orleans, Louisiana Location” with publication date: September 14, 2017 was also an interesting one.

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