Robert W. Baird Believes Copart (NASDAQ: CPRT) Won’t Stop Here

By Jason Carr

In a report released yesterday, Craig Kennison from Robert W. Baird reiterated a Buy rating on Copart (NASDAQ: CPRT), with a price target of $46. The company’s shares closed yesterday at $43.35, close to its 52-week high of $44.76.

According to TipRanks.com, Kennison is a 5-star analyst with an average return of 24.7% and a 83.8% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Honda Motor Company.

Copart has an analyst consensus of Moderate Buy, with a price target consensus of $42.33.

Copart’s market cap is currently $10.02B and has a P/E ratio of 33.87. The company has a book value ratio of 8.4348.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. Last month, Matt Blunt, a Director at CPRT sold 116,667 shares for a total of $4,894,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology.