A new trading day began on May 22, 2023, with Copart Inc. (NASDAQ: CPRT) stock priced at $88.60, up 1.04% from the previous day of trading. During the day, the shares moved up to $89.79 and dropped to $88.33 before settling in for the closing price of $88.24. CPRT’s price has ranged from $51.10 to $89.31 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 19.30%. Meanwhile, its annual earnings per share averaged 16.00%. With a float of $427.93 million, this company’s outstanding shares have now reached $476.38 million.
Considering the fact that the conglomerate employs 9500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +45.31, operating margin of +39.28, and the pretax margin is +38.30.
Copart Inc. (CPRT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto & Truck Dealerships Industry. The insider ownership of Copart Inc. is 9.50%, while institutional ownership is 82.60%. The most recent insider transaction that took place on Feb 22, was worth 2,080,800. In this transaction Director of this company sold 30,000 shares at a rate of $69.36, taking the stock ownership to the 0 shares. Before that another transaction happened on Jun 06, when Company’s Director sold 10,000 for $115.72, making the entire transaction worth $1,157,200. This insider now owns 0 shares in total.
Copart Inc. (CPRT) Recent Fiscal highlights
In its latest quarterly report, released on 4/29/2023, the company reported earnings of $0.72 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +31.14 while generating a return on equity of 26.74. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.30% during the next five years compared to 22.10% growth over the previous five years of trading.
Copart Inc. (NASDAQ: CPRT) Trading Performance Indicators
Here are Copart Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.33. Likewise, its price to free cash flow for the trailing twelve months is 56.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.39, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 2.71 in one year’s time.
Technical Analysis of Copart Inc. (CPRT)
Compared to the last year’s volume of 2.0 million, its volume of 3.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 94.17%. Additionally, its Average True Range was 1.46.
During the past 100 days, Copart Inc.’s (CPRT) raw stochastic average was set at 97.90%, which indicates a significant increase from 94.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.20% in the past 14 days, which was higher than the 21.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.68, while its 200-day Moving Average is $65.65. Nevertheless, the first resistance level for the watch stands at $89.86 in the near term. At $90.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $91.32. If the price goes on to break the first support level at $88.40, it is likely to go to the next support level at $87.63. Now, if the price goes above the second support level, the third support stands at $86.94.
Copart Inc. (NASDAQ: CPRT) Key Stats
With a market capitalization of 42.56 billion, the company has a total of 476,592K Shares Outstanding. Currently, annual sales are 3,501 M while annual income is 1,090 M. The company’s previous quarter sales were 956,720 K while its latest quarter income was 293,680 K.
