Copart stock: buy or sell?

CPRT stock price: $82.58 0.43% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

After climbing to all-time highs several times in past weeks, Copart grew 0.43% to $82.58.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.

Is CPRT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6JPMorgan Chase & Co.n/aUnderweight
2019-9-11Barrington Researchn/aHold
2019-5-24SunTrust Banksn/aBuy
2019-2-26SunTrust BanksAverageBuy
2019-2-19Barrington Researchn/aHold

Copart stock analysis

Daily outlook

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%).

CPRT stock chart (daily)

Weekly outlook

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%).

CPRT stock chart (weekly)

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 $72.00

Nobody 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:
CPRT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6JPMorgan Chase & Co.Raises Target$62.00$71.0014.5%
2019-5-24SunTrust BanksRaises Targetn/a$78.00-
2019-2-26SunTrust BanksRaises Targetn/a$67.00-
(in average)$62.00$72.0016.0%
Moving in a range from $78.00 and $67.00, the price prediction for Copart stock is $72.00. In average, analysts' outlook on CPRT price forecast is positive, increasing the forecast by a 16.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
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 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%.

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 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.
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 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:

CPRTANCRMTGPIKAR
Market cap$18.9 B$4.5 B$609.6 M$1.6 B$3.4 B
Total shares229.1 M89.1 M6.7 M18.6 M133.5 M
Float shares200.5 M60.0 M6.2 M15.7 M132.5 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 selling0.0%0.0%0.0%0.0%0.0%

Copart summary

Friday, September 20th, 2019
Open$82.13
Close$82.58
Day range$82.01 - $83.29
Previous close$82.23
Session gain0.43%
Average true range$1.96
50d mov avg$77.65
100d mov avg$74.43
200d mov avg$64.90
Daily pattern
Weekly pattern lb02c

Copart performance

To 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:
Stock3m6m12m
CPRTCopart11.69%39.38%57.06%
ANAutoNation19.26%51.06%14.24%
CRMTAmerica's Car...7.05%6.50%17.72%
GPIGroup 1 Automotiv...10.75%43.06%22.83%
KARKAR Auction Servi...8.00%41.42%16.06%
KMXCarMax0.78%40.05%10.41%
LADLithia Motors9.18%51.86%50.30%
PAGPenske Automotive-1.67%9.75%-5.57%
RUSHARush Enterprises11.64%-2.79%-5.30%
SAHSonic Automotive27.54%109.67%40.50%

Copart competitors

We chose a few stocks to conform a list of Copart competitors to examine if you are interested in investing in CPRT:

Latest Copart stock news