Copart stock: buy or sell?
September 20th, 2019
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. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups work for Copart stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Copart stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 5 ratings published for CPRT stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-6||JPMorgan Chase & Co.||n/a||Underweight|
Copart stock analysis
Copart grew 0.43% to $82.58 after topping to all time highs on Tuesday.
After several days of continuous rises in past weeks, Copart grew 0.43% to $82.58. On Tuesday, CPRT hit a new all time high, pushing higher than on September 9th tops. Check different trading setups that use ATHs as triggers. Since price and SMA50d lines crossed up on September/5, CPRT climbed $6.92 (9.15%).
Shares of Copart ended this week at $82.58 after reaching a new all time high ($83.70) and raised a tiny 0.94%. With this, it's been 4 green weeks in a row, gaining $8.90 or 11.79%. Early September CPRT rocketed a dazzling 7.36% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $79.74 resistance. Since late April when SMA20w and SMA40w crossed up, CPRT price gained $17.52 per share (26.93%). Since price and SMA40w lines crossed up by mid February, CPRT climbed $28.55 (52.84%).
Copart stock price history
Copart stock went public on March 17th, 1994 with a price of $0.561. Since then, CPRT stock surged a 14,646.40%, with an average of 585.90% per year. If you had invested right after CPRT's IPO a $1,000 in Copart stock in 1994, it would worth $146,464.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Copart stock historical price chart
CPRT stock reached all-time highs on Tuesday with a price of $83.70.
Copart stock price target is $72.00Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 3 price predictions for Copart stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-6||JPMorgan Chase & Co.||Raises Target||$62.00||$71.00||14.5%|
|2019-5-24||SunTrust Banks||Raises Target||n/a||$78.00||-|
|2019-2-26||SunTrust Banks||Raises Target||n/a||$67.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when Copart posted its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2018, last anual sales report draw a tight move of -0.24% to $1,805.69 million dollars. Aligned with this, its earnings margin (compared to sales) stayed steady to 23.14%, that is $417.87 million. Copart fiscal year ends in July, and to compare 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 good 3.77%. In line, profit margin (net income/revenues) appreciated at 23.14%.
|2014||$1,160 M||-||$179 M15.4%||-|
|2014||$1,160 M||0.00%||$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 M||10.81%||$270 M21.3%||23.01%|
|2016||$1,268 M||-0.12%||$270 M21.3%||0.00%|
|2017||$1,450 M||14.31%||$394 M27.2%||45.82%|
|2017||$1,448 M||-0.14%||$394 M27.2%||0.00%|
|2018||$1,810 M||25.00%||$418 M23.1%||6.00%|
|2018||$1,806 M||-0.24%||$418 M23.1%||0.00%|
|TTM||$1,874 M||3.77%||$483 M25.8%||15.48%|
Quarterly financial resultsCopart reported $484.90 M in sales 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 turnover to same quarter last year, Copart sales marked a decent growth and rose a 5.62%. Looking back to recent quarterly results, Copart posted 2 negative quarters in a row.
|2017-Q2||$374 M||-||$91 M24.2%||-|
|2017-Q3||$379 M||1.27%||$70 M18.6%||-22.32%|
|2017-Q4||$419 M||10.72%||$78 M18.5%||10.20%|
|2018-Q1||$459 M||9.53%||$103 M22.5%||33.21%|
|2018-Q2||$478 M||4.16%||$127 M26.6%||23.33%|
|2018-Q3||$449 M||-6.06%||$110 M24.4%||-13.82%|
|2018-Q4||$461 M||2.70%||$114 M24.7%||3.95%|
|2019-Q1||$485 M||5.10%||$131 M27.1%||15.16%|
Copart ownershipWhen you are planning to buy shares of a company, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Copart, 12.91% of all outstanding shares are owned by its staff.
Bearish positions for CPRT stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$18.9 B||$4.5 B||$609.6 M||$1.6 B||$3.4 B|
|Total shares||229.1 M||89.1 M||6.7 M||18.6 M||133.5 M|
|Float shares||200.5 M||60.0 M||6.2 M||15.7 M||132.5 M|
|- Institutional holdings (%)||86.9%||87.1%||74.9%||106.4%||0.0%|
|- Insider holdings (%)||12.9%||13.6%||8.2%||6.8%||92.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$82.01 - $83.29|
|Average true range||$1.96|
|50d mov avg||$77.65|
|100d mov avg||$74.43|
|200d mov avg||$64.90|
Copart performanceTo better understand Copart performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Copart against AutoNation, America's Car-Mart, Group 1 Automotive, KAR Auction Services, CarMax, Lithia Motors, Penske Automotive, Rush Enterprises and Sonic Automotive in the following table:
|GPIGroup 1 Automotiv...||10.75%||43.06%||22.83%|
|KARKAR Auction Servi...||8.00%||41.42%||16.06%|
Copart competitorsWe chose a few stocks to conform a list of Copart competitors to examine if you are interested in investing in CPRT:
- AutoNation (AN)
- America's Car-Mart (CRMT)
- Group 1 Automotive (GPI)
- KAR Auction Services (KAR)
- CarMax (KMX)
- Lithia Motors (LAD)
- Penske Automotive (PAG)
- Rush Enterprises (RUSHA)
- Sonic Automotive (SAH)
Latest Copart stock news
- Seeking AlphaCopart: A Profitable Growth CompanyApril 26, 2019
- Seeking AlphaCopart Was Built To Thrive On Looming MediocrityFebruary 26, 2019
- InvestorPlace3 Big Stock Charts for Monday: Visa, Copart and Paypal HoldingsNovember 26, 2018
- Seeking AlphaCopart's Fall: Big Overreaction, Big OpportunityOctober 29, 2018
- InvestorPlace3 Big Stock Charts for Wednesday: KeyCorp, Copart and Akamai TechnologiesOctober 3, 2018