Copart Inc (NASDAQ: CPRT) has reported earnings for its third fiscal quarter (ending April 30) of $0.40 versus $0.73 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $1.44 versus $2.42 for the same period a year ago.
Recent Price Action
Copart Inc (NASDAQ: CPRT) stock closed at $54.58 on 5/16/24 after a modest decline of -1.3%. NORMAL trading volume accompanied the decline. The stock has declined -1.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CPRT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Copart has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Copart has a slightly negative Appreciation Score of 30 but a good Power Rating of 79, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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