CPRT stock icon

Copart
CPRT

$55.27
0.67%
 

About: Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

Employees: 10,200

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

58% more call options, than puts

Call options by funds: $186M | Put options by funds: $118M

20% more capital invested

Capital invested by funds: $37.7B [Q4 2023] → $45.2B (+$7.57B) [Q1 2024]

11% more repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 366

6% more funds holding in top 10

Funds holding in top 10: 31 [Q4 2023] → 33 (+2) [Q1 2024]

1.24% more ownership

Funds ownership: 80.07% [Q4 2023] → 81.31% (+1.24%) [Q1 2024]

8% more first-time investments, than exits

New positions opened: 122 | Existing positions closed: 113

1% more funds holding

Funds holding: 1,029 [Q4 2023] → 1,038 (+9) [Q1 2024]

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$48
13%
downside
Avg. target
$50
10%
downside
High target
$52
6%
downside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
JP Morgan
Jash Patwa
6%downside
$52
Neutral
Maintained
8 Apr 2024
JP Morgan
Jash Patwa
13%downside
$48
Neutral
Reinstated
27 Feb 2024

Financial journalist opinion