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Copart (CPRT) stock price: is Hurricane Harvey to blame?

1:06 pm ET, 19 Sep 2018

Copart, Inc. (CPRT) shares are trading at $54.65, down 15%. The operating results for the fiscal Q4 reported earlier today were adversely affected by abnormal costs of $79.7M, incurred as a result of Hurricane Harvey.  What should investors know about Copart? What's CPRT stock price forecast?

Copart is a leading online vehicle auction company. The stock price has almost doubled in the past year. The company is expanding globally: currently, it has operations in 11 countries and members in over 170 countries. The stock was recently added to the S&P 500 index.

Copart reported Q4 revenue growth of 18.7% year-on-year to $449.2M of which Service revenues were $391.7M (+16.3% year-on-year) and Vehicle sales of $57.6M (+37.8% year-on-year).  The analysts expect the company to earn $0.48 on revenue of $443.32 million. 

Q4 margins declined precipitously: gross declined 230 bps to 41.9%, while the adjusted net margin declined 848 bps to 53.8%. The company beat analyst estimates in the previous three quarters.

Bullish investors love the stock because of strong revenue growth. On the other hand, certain investors feel that the stock is overvalued now.

What is the sentiment towards the CPRT stock? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending positive;
  • The long-term sentiment (9-12 months) is positive. 

Over the last month, Copart, Inc. (CPRT) returned +9.43%.

Copart, Inc. (CPRT) forward P/E ratio is 30.23, and it’s high compared to its industry peers’ P/E ratios.

Copart, Inc. (CPRT) average analyst price target ($56.13) is -14.84% below its current price ($65.91).

For the latest price and information on Copart, Inc., please visit Finstead and search for "CPRT price" or "CPRT news".

Copart, Inc. (CPRT) Stock Guide

Updated at: 3:01 pm ET, 17 Sep 2020

Before we start: if you're looking for CPRT stock price, you can quickly find it out by visiting Finny and typing "CPRT quote". If you're looking for a quick scoop on CPRT stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "CPRT". You'll get all this info in one place. Or you can just type "CPRT news" to get the latest stock news.

Looking to buy or sell Copart, Inc. (CPRT)? Interested in getting the full scoop on CPRT, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this CPRT stock guide, we'll address key questions about CPRT, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are CPRT earnings?
2. What is CPRT stock forecast (i.e., prediction)?
3. CPRT buy or sell? What is CPRT Finny Score?
4. What are the reasons to buy CPRT? Why should I buy CPRT stock?
5. What are the reasons to sell CPRT? Why should I sell CPRT stock?
6. What are CPRT key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are CPRT earnings?

CPRT trailing 12-month earnings per share (EPS) is $2.88.

Analyst Predictions

2. What is CPRT stock forecast (i.e., prediction)?

Based on CPRT analyst price targets, CPRT stock forecast is $114.33 (for a year from now). That means the average analyst price target for CPRT stock is $114.33. The prediction is based on 11 analyst estimates.

The low price target for CPRT is $109.00, while the high price target is $120.00.

CPRT analyst rating is Hold.

Analysis

3. CPRT buy or sell? What is CPRT Finny Score?

#{finnyScore:18}Our quantitative analysis shows 2 reasons to buy and 9 reasons to sell CPRT, resulting in Finny Score of 18.

4. What are the reasons to buy CPRT? Why should I buy CPRT stock?

Here are the reasons to buy CPRT stock:

  • CPRT average analyst price target ($114.33) is above its current price ($101.16). See CPRT price target chart.
  • CPRT cash to debt ratio is 0.59, higher than the average industry (0.11) and sector (0.13) cash to debt ratio. See CPRT cash to debt chart.

5. What are the reasons to sell CPRT? Why should I sell CPRT stock?

Let's look at the reasons to sell CPRT stock (i.e., the bear case):

  • CPRT stock price ($101.16) is close to the 52-week high ($105.58). Perhaps now is a good time to sell? See CPRT price chart.
  • CPRT quarterly revenue growth was -0.50%, lower than the industry and sector average revenue growth (2.20% and 0.78%, respectively). See CPRT revenue growth chart.
  • CPRT profitability is declining. The YoY profit margin change was -4.08 percentage points. See CPRT profitability chart.
  • CPRT forward P/E ratio is 40.01, which is high compared to its industry peers’ P/E ratios. See CPRT forward P/E ratio chart.
  • CPRT Price/Book ratio is 10.70, which is high compared to its industry peers’ P/B ratios. See CPRT forward Price/Book ratio chart.
  • CPRT Price/Sales ratio is 10.99, which is high compared to its industry peers’ P/S ratios. See CPRT forward Price/Sales ratio chart.
  • CPRT PEG ratio (P/E adjusted for growth) is 2.04, which is high compared to its industry peers’ PEG ratios. See CPRT PEG chart.
  • CPRT short interest (days to cover the shorts) ratio is 2.99. The stock garners more short interest than the average industry, sector or S&P 500 stock. See CPRT short interest ratio chart.
  • CPRT Enterprise Value/Revenue multiple is 11.01, which is high compared to its industry peers’ Enterprise Value/Revenue multiples. See CPRT Enterprise Value/Revenue chart.

Key Stats

6. What are CPRT key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for CPRT:

Metrics CPRT
Price $110.59
Average Price Target / Upside $114.83 / 3.83%
Average Analyst Rating Hold
Forward Dividend Yield 0.00%
Industry Auto & Truck Dealerships
Sector Consumer Cyclical
Number of Employees 6,026
Market Cap $27.33B
Forward P/E Ratio 35.52
Price/Book Ratio 12.39
Revenue (TTM) $2.21B
YoY Quarterly Revenue Growth -3.10%
Profit Margin 31.73%

If you liked this analysis, check out Stock Guides for other stocks.

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