Jefferies Keeps a Hold Rating on Copart

By Jason Carr

In a report released today, Bret Jordan from Jefferies reiterated a Hold rating on Copart (NASDAQ: CPRT), with a price target of $30. The company’s shares closed yesterday at $29.70.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 8.3% and a 59.3% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Copart has an analyst consensus of Hold, with a price target consensus of $30.

Copart’s market cap is currently $6.82B and has a P/E ratio of 17.89. The company has a book value ratio of 7.6105.

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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. It sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters and at certain locations, to the general public. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.