5/16/24 - vrockstar - NASDAQ:CPRT - love the company, really hard to buy the stock here. high 30s PE, >10x sales, 2% fcf yield. and that gets you 10% pa top line growth? the stock is a clear outperfomer v. the broader market since forever, so it's hard to fade/ short the name. shorting has been miserable in this tape anyway. add to the fact that in-line and...
Uptrend
Trend and Correction is very typical in this chart. After the last correction, there are two good bullish candles on the s/r zone that say you it's a good opportunity for entry to buy position.
Targets are marked on the chart and sl , as always, is an essential part of our trading.
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
A small leg up before the Head and Shoulders bearish Chart Pattern gets completed.
Analyzing the options chain and the chart patterns of CPRT Copart prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.72.
If these options prove to be profitable...
About to break weekly MA & H&S potential. Small Insider selling. This is not ready based on swing trade (daily) chart. Looking for rally to around 43.80-43.90 then reversal down and break below 42.73, first potential target of 39.57. Then based on that would consider a stop above 44.13. (see video for full details)
Entry: when price clears 89.79
Volume: with daily volume greater than 2.6M
Target: 94.50 area
Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
Copart Inc is a global leader in online vehicle auctions and a provider of vehicle remarketing services. The company offers a platform that enables buyers to bid and purchase salvaged and used vehicles through online auctions. Copart operates a network of more than 200 locations in the United States and around the world, facilitating the sale and distribution of...
Copart, Inc. is an online auction and vehicle remarketing services company headquartered in Dallas, Texas. On January 31, 2023, Copart, Inc. stock closed at $66.61 per share. One-month return of CPRT was 7.47%, and its shares gained 1.03% of their value over the last 52 weeks. The company has a market capitalization of $31.726 billion.
CPRT is expected to report...
Nice trade setup, short term reversal of existing down trend in the daily gives a low risk entry on the long side.
Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration.
Best of...
The PEAD projected a Bearish outlook for $CPRT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
The PEAD projected a Bearish outlook for $CPRT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
The PEAD projected a Bullish outlook for $CPRT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher.
Now CPRT is offering yet another entry and it seems like it's ready to move higher from here.
What's really interesting about this is that it consolidated while...
* Great earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~3 month consolidation with higher than average volume (21.37%)
Trade idea:
* You can enter now as indicated since the price is very close to the broken level
* Or you can wait for a day or two to see how this plays out.
* Looking at the weekly chart it seems like...
Who They Are
Copart Inc (CPRT) is an online auction provider for used/damaged/stolen vehicles for mainly commercial entities. These vehicles are sold to a wide variety of end-users. CPRT makes money through fees from the auctions and from engaging in buying and selling themselves.
Are They Making Money
Their EBITDA(Adj) has been showing positive growth for...
