Copart, Inc (NASDAQ:CPRT) shares, rose in value on Friday, November 22, with the stock price up by 9.05% to the previous day’s close as strong demand from buyers drove the stock to $62.05.
Actively observing the price movement in the recent trading, the stock is buoying the session at $56.90, falling within a range of $59.0501 and $62.2196. The value of beta (5-year monthly) is 1.271 whereas the PE ratio is 44.38 over 12-month period. Referring to stock’s 52-week performance, its high was $58.58, and the low was $46.21. On the whole, CPRT has fluctuated by 20.77% over the past month.
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With the market capitalization of Copart, Inc currently standing at about $59.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.68B, with a low estimate of 1.08B and a high estimate of 1.16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CPRT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.96, with the price of CPRT currently trading nearly 12.28% and 15.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.65, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 1.65%. Furthermore, Copart, Inc (CPRT)’s beta value is 1.28, and its average true range (ATR) is 1.34.
A comparison of Copart, Inc (CPRT) with its peers suggests the former has fared considerably weaker in the market. CPRT showed an intraday change of 9.05% in today’s session so far, and over the past year, it grew by 21.93%%.
Data on historical trading for Copart, Inc (NASDAQ:CPRT) indicates that the trading volumes over the past 10 days have averaged 4.38 and over the past 3 months, they’ve averaged 4.38 million. According to company’s latest data on outstanding shares, there are 962.97 million shares outstanding.
Nearly 8.71% of Copart, Inc’s shares belong to company insiders and institutional investors own 82.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.34 million shares as on 2024-10-31, resulting in a short ratio of 3.03. According to the data, the short interest in Copart, Inc (CPRT) stood at 158.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 11.75 million. The stock has risen by 26.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CPRT stock heading into the next quarter.
