Barrington Maintains a Hold Rating on Copart Inc (CPRT)

By Jason Carr

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Copart Inc (CPRTResearch Report). The company’s shares closed last Monday at $80.96, close to its 52-week high of $83.55.

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -2.0% and a 45.3% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Copart Inc with a $85 average price target.

See today’s analyst top recommended stocks >>

Copart Inc’s market cap is currently $18.55B and has a P/E ratio of 32.88. The company has a Price to Book ratio of 11.44.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPRT in relation to earlier this year. Most recently, in July 2019, William E. Franklin, the EVP of CPRT sold 41,007 shares for a total of $3,172,712.

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.