Copart stock: buy or sell?

CPRT stock price: $88.94 -4.13% At close on February 25th, 2020

Updated on:
February 25th, 2020

3

Copart plummed -4.13% today to $88.94 after reaching all time highs on Wednesday. With Tuesday it's been 4 sliding days in a row, loosing $-15.56 (-15.19%). On Thursday CPRT collapsed a chilling -7.40%.

Copart, Inc. provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Should I buy Copart stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Copart stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Copart stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for CPRT stock for the last month.

Copart stock analysis

Daily outlook

Copart plummed -4.13% today to $88.94 after marking all time highs on Wednesday.

After reaching all time highs on Wednesday, Copart plummed -4.13% to $88.94. In this session, Copart stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock. On Wednesday, CPRT hit new all time highs, pushing higher previous ATH of $104.36 recorded on February/18. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CPRT stock chart (daily)

Weekly outlook

Copart plunged a frightening -6.62% this week.

In a weekly time frame, Copart stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, CPRT might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Copart marked last week, but since then it dropped a 15.20%. Since late April 2019 when SMA20w and SMA40w crossed up, CPRT price gained $23.88 per share (36.70%). This week, Copart stock lost the significant level of the 20-weeks moving average.

CPRT stock chart (weekly)

Copart stock price history

Copart IPO was on March 17th, 1994 at $0.56 per share1. Since then, CPRT stock surged a 15,782.10%, with an average of 631.30% per year. If you had invested right after CPRT's IPO a $1,000 in Copart stock in 1994, it would worth $157,821.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Copart stock historical price chart

CPRT stock reached all-time highs on Wednesday with a price of $104.88.

Copart stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CPRT stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price prediction for Copart stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Copart presented its financial report, in line with analysts' consensus and posted a $0.52 Earnings per Share. As soon as we get its posted EPS from the earnings report, we will update this report.
CPRT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.38n/a
2017-Q3-n/a0.35n/a
2017-Q42017-11-210.270.3322.2%
2018-Q12018-02-260.380.4723.7%
2018-Q22018-05-230.480.528.3%
2018-Q32018-09-190.470.42-10.6%
2018-Q42018-11-200.460.472.2%
2019-Q12019-02-200.510.522.0%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2018, last anual sales report draw a tight movement of -0.24% to $1,805.69 million USD. Aligned with this, its income margin (compared to revenues) remained stable to 23.14%, that is $417.87 million.

Copart presents anual results in July, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Copart TTM sales up to January 2019 were $1,873.69 and earnings $482.55 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Copart business evolution since July 2018: Annual revenues up to January, compared to lastest yearly report, gained a nice 3.77%. Regarding profit margin, Copart stepped up 2.61% to 23.14%

CPRT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$1,160 M-$179 M15.4%-
2014$1,160 M0.00%$179 M15.4%0.00%
2015$1,150 M-0.86%$220 M19.1%23.00%
2015$1,146 M-0.34%$220 M19.2%0.00%
2016$1,270 M10.81%$270 M21.3%23.01%
2016$1,268 M-0.12%$270 M21.3%0.00%
2017$1,450 M14.31%$394 M27.2%45.82%
2017$1,448 M-0.14%$394 M27.2%0.00%
2018$1,810 M25.00%$418 M23.1%6.00%
2018$1,806 M-0.24%$418 M23.1%0.00%
TTM $1,874 M3.77%$483 M25.8%15.48%

Quarterly financial results

Copart reported $484.90 M in revenues for 2019-Q1, a 5.10% improvement compared to previous quarter. Reported quarter income marked $131.37 million with a profit margin of 27.09%. Profit margin inched a 2.37% compared to previous quarter when profit margin was 24.73%. When comparing revenues to same quarter last year, Copart sales marked a decent increase and escalated a 5.62%. Looking back to recent quarterly results, Copart posted 2 positive quarters in a row.
CPRT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$374 M-$91 M24.2%-
2017-Q3$379 M1.27%$70 M18.6%-22.32%
2017-Q4$419 M10.72%$78 M18.5%10.20%
2018-Q1$459 M9.53%$103 M22.5%33.21%
2018-Q2$478 M4.16%$127 M26.6%23.33%
2018-Q3$449 M-6.06%$110 M24.4%-13.82%
2018-Q4$461 M2.70%$114 M24.7%3.95%
2019-Q1$485 M5.10%$131 M27.1%15.16%

Copart ownership

When you are planning to invest in a company, it's always worth to check its ownership structure.

Copart shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 13.72% of all shares.

Bearish positions for CPRT stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Copart:

CPRT
Market cap$20.7 B
Total shares232.5 M
Float shares203.0 M
  - Institutional holdings (%)81.7%
  - Insider holdings (%)13.7%
Shares in short selling0.0%

Copart summary

Tuesday, February 25th, 2020
Open$92.95
Close$88.94
Day range$88.00 - $93.39
Previous close$92.77
Session gain-4.13%
Average true range$3.14
50d mov avg$96.45
100d mov avg$90.35
200d mov avg$82.89
Daily pattern
Weekly pattern lt06a

Copart performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Copart to :
Stock3m6m12m
CPRTCopart-0.07%17.97%52.29%

Copart competitors

Unfortunately, we could not find any public company that could be defined as Copart competitor. This doesn't mean Copart does not have any competitor in the market, it's just we could not detected it.

    Latest Copart stock news