Entry level $85.15 = Target price $94.00 = Stop loss $82.70
Indicator are bullish and in particular the huge volume spike today, this spike is not retail investors.
Seeking alpha article,
CPRT has outperformed its industry and eclipsed the US Market with its annual return bordering on 60%.
The pre-owned auto market has grown tremendously over the past years and has considerably outpaced the new car market.
With its impressive earnings report, the company is on the right track and the future prospect looks promising.
Over the past year, Copart Inc.(CPRT) has outperformed its industry and eclipsed the US Market with its annual return bordering on 60%. But still, the company is under-appreciated despite rendering such top-notch growth. Given the solid fundamentals, spotless balance sheet, and expanding market CPRT is undeniably inclined to further appreciate in the coming years.
Copart's growth has significantly expedited in the last two quarters. The company reiterated its impressive performance in the fourth quarter with revenue bolting to a 20.8% increase from the year-ago period. The reported sales growth echoed the continued progress of global service revenue which grew by 20.1% and vehicle sales that made a 25.4% leap to $72.2 million. Net income was $153.5 million, reverberating an appreciation of 39.9% or $43.7 million from fourth-quarter fiscal 2018.
P/E Ratio 33.91
Company profile
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. The company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.
Indicator are bullish and in particular the huge volume spike today, this spike is not retail investors.
Seeking alpha article,
CPRT has outperformed its industry and eclipsed the US Market with its annual return bordering on 60%.
The pre-owned auto market has grown tremendously over the past years and has considerably outpaced the new car market.
With its impressive earnings report, the company is on the right track and the future prospect looks promising.
Over the past year, Copart Inc.(CPRT) has outperformed its industry and eclipsed the US Market with its annual return bordering on 60%. But still, the company is under-appreciated despite rendering such top-notch growth. Given the solid fundamentals, spotless balance sheet, and expanding market CPRT is undeniably inclined to further appreciate in the coming years.
Copart's growth has significantly expedited in the last two quarters. The company reiterated its impressive performance in the fourth quarter with revenue bolting to a 20.8% increase from the year-ago period. The reported sales growth echoed the continued progress of global service revenue which grew by 20.1% and vehicle sales that made a 25.4% leap to $72.2 million. Net income was $153.5 million, reverberating an appreciation of 39.9% or $43.7 million from fourth-quarter fiscal 2018.
P/E Ratio 33.91
Company profile
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. The company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.