Jefferies Reconfirms Copart (NASDAQ:CPRT) As a Hold; They Now Have a Target Price per Share Of $33.0

September 17, 2017 - By Vivian Park

 Jefferies Reconfirms Copart (NASDAQ:CPRT) As a Hold; They Now Have a Target Price per Share Of $33.0

Investors sentiment increased to 0.88 in 2016 Q4. 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.

Blackrock reported 58,094 shares stake. Arizona State Retirement System reported 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Ameriprise Fincl Inc stated it has 0.01% in Copart, Inc. (NASDAQ:CPRT). Solaris Asset Mngmt Limited Liability Com owns 114 shares for 0% of their portfolio. Hsbc Hldgs Public Ltd owns 5,212 shares. Montana-based Da Davidson & has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Brown Brothers Harriman Company holds 0% or 663 shares. Parametric Port Assoc Limited Liability Company invested 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT). 1.17M were reported by Clearbridge Lc. Raymond James Assoc reported 137,847 shares stake. Bnp Paribas Invest Prtnrs Sa holds 0.01% or 20,903 shares. Envestnet Asset Management has 58,194 shares. Independent Portfolio Consultants holds 2,635 shares. Ameritas Investment Prtnrs Inc owns 0.09% invested in Copart, Inc. (NASDAQ:CPRT) for 30,740 shares. Quantitative Systematic Strategies Limited Liability stated it has 8,500 shares.

Since March 27, 2017, it had 0 insider buys, and 1 sale for $12.41 million activity. On Monday, March 27 ADAIR A JAYSON sold $12.41M worth of Copart, Inc. (NASDAQ:CPRT) or 200,000 shares.

Copart (NASDAQ:CPRT) Rating Reaffirmed

They currently have a $33.0 TP on Copart (NASDAQ:CPRT). The target price by Jefferies would suggest a potential upside of 1.48 % from the company’s last close price. This has been shown in analysts note on Monday morning.

Investors sentiment increased to 0.88 in 2016 Q4. 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.

Blackrock reported 58,094 shares stake. Arizona State Retirement System reported 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Ameriprise Fincl Inc stated it has 0.01% in Copart, Inc. (NASDAQ:CPRT). Solaris Asset Mngmt Limited Liability Com owns 114 shares for 0% of their portfolio. Hsbc Hldgs Public Ltd owns 5,212 shares. Montana-based Da Davidson & has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Brown Brothers Harriman Company holds 0% or 663 shares. Parametric Port Assoc Limited Liability Company invested 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT). 1.17M were reported by Clearbridge Lc. Raymond James Assoc reported 137,847 shares stake. Bnp Paribas Invest Prtnrs Sa holds 0.01% or 20,903 shares. Envestnet Asset Management has 58,194 shares. Independent Portfolio Consultants holds 2,635 shares. Ameritas Investment Prtnrs Inc owns 0.09% invested in Copart, Inc. (NASDAQ:CPRT) for 30,740 shares. Quantitative Systematic Strategies Limited Liability stated it has 8,500 shares.

Since March 27, 2017, it had 0 insider buys, and 1 sale for $12.41 million activity. On Monday, March 27 ADAIR A JAYSON sold $12.41M worth of Copart, Inc. (NASDAQ:CPRT) or 200,000 shares.

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. Jefferies maintained the stock with “Hold” rating in Monday, September 11 report. The company was initiated on Tuesday, April 5 by Gabelli. The stock of Copart, Inc. (NASDAQ:CPRT) has “Neutral” rating given on Thursday, August 25 by Northcoast. The stock of Copart, Inc. (NASDAQ:CPRT) earned “Neutral” rating by Bank of America on Monday, March 21. Jefferies maintained Copart, Inc. (NASDAQ:CPRT) rating on Wednesday, August 9. Jefferies has “Hold” rating and $3300 target. Bank of America upgraded Copart, Inc. (NASDAQ:CPRT) on Friday, September 23 to “Buy” rating. The stock of Copart, Inc. (NASDAQ:CPRT) has “Hold” rating given on Thursday, September 22 by Jefferies. CL King upgraded Copart, Inc. (NASDAQ:CPRT) on Thursday, February 25 to “Neutral” rating. The company was maintained on Friday, May 27 by JP Morgan. The rating was maintained by Jefferies on Friday, May 26 with “Hold”.

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.

Wall Street await Copart, Inc. (NASDAQ:CPRT) to release earnings on September, 19. Analysts forecast earnings per share of $0.31, up exactly $0.02 or 6.90 % from 2014’s $0.29 EPS. The expected CPRT’s profit could reach $71.40 million giving the stock 26.23 P/E in the case that $0.31 earnings per share is reported. After posting $0.37 EPS for the previous quarter, Copart, Inc.’s analysts now forecast -16.22 % negative EPS growth.

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: Seekingalpha.com which released: “Does Copart Actually Gain From Hurricane Harvey?” on September 04, 2017. Also Prnewswire.com published the news titled: “Copart Expands Its Locations Near Little Rock and Fayetteville, Arkansas” on August 22, 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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