Copart, Inc (CRPT) Buy?
Is the stock continuing its upward trend, and does it have the potential to climb even higher?
Key stats
About Copart, Inc.
Sector
Industry
CEO
Jeffrey Liaw
Website
Headquarters
Dallas
Founded
1982
ISIN
BRC1PRBDR003
FIGI
BBG00RD65667
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 firm sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to the general public. The company’s 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. Copart was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.
CPRTUptrend
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.
CPRT - 4 months HEAD & SHOULDERS══════════════════════════════
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trading opportunities based solely on the
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CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
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CPRT Copart Options Ahead of EarningsA 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
CPRT - Short Setup 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 f
CPRT Entry, Volume, Target, StopEntry: 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 a
Momentum Stock: Copart IncCopart 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 State
Copart is around high of the current swing
Profit booking should start now in Copart as it has just touched the high of current swing.
CPRT- BULLISH SCENARIOCopart, 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 mark
$CPRT: Big reward to risk signalNice 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, us
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