Stephens Downgrades Copart to Hold

By Jason Carr

Stephens analyst Ben Bienvenu downgraded Copart (NASDAQ: CPRT) to Hold today. The company’s shares closed yesterday at $56.29, close to its 52-week high of $56.78.

According to TipRanks.com, Bienvenu is a 1-star analyst with an average return of -4.3% and a 38.5% success rate. Bienvenu covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Crossamerica Partners, and Wal-Mart Stores Inc.

Copart has an analyst consensus of Moderate Buy, with a price target consensus of $51.25.

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Based on Copart’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $103 million. In comparison, last year the company had a net profit of $90.55 million.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Matt Blunt, a Director at CPRT sold 13,333 shares for a total of $676,516.

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.