$CPRT Extremely bullish day for Copart IncEntry 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 $43.7 million from fourth-quarter fiscal 2018. P/E Ratio 33.91 Company profile Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. The company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX. Longby Bullishcharts26
Looks Like A Pattern HereMe thinks she might be ready for another move up....watch her close, she's a tricky one.Longby Ron-V4
Are we just forming another base?After such a big spike, and regaining the 50 sma; I'm not sure if we are just retracing a bit, or forming another base.by Ron-V4
CPRT ShortPaper Trade, notes on chart, could see a potential range forming on longer time frame.by S2525121
CPRT ($CPRT) Ascending baseBought CPRT today considering that the stock has been showing a bullish trend since the beginning of the year, every price decrease was at a higher level than the previous one and currently the stock doesn't have any resistance. The stock volume during the last few weeks was under the average for the last 5, 10 and 20 weeks, so this could mean that the current stock owners don't have the intention to sell it at the current price, forcing it to a price increase in the near future.Longby PedroBossideCastro0
$CPRT Breakout imminent, set your alerts for easy long trade.*****Purely based on technical setup in NASDAQ:CPRT looks like a very good possibility of a major breakout in the coming days set alert for $72.50. ********* 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. It 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. Longby DEXWireNews7
$CPRT Mixed signals going into earnings today. Copart is a very strong company with financial fundamentals, as earnings approach we are a little worried that the stock is starting to get tired and losing momentum. Indicators are all quite bearish and a break of trend could result in quite a sizeable correction, on the other hand positive results could aid the break above resistance and avoid the dreaded double top. We have included on the chart 2 possible trades to cover either scenario, our bias is to the bearish side due only to the chart techinaly. Average Analysts price target $61.44 Average Analysts recommendation Hold COPART INC. 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. It 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. by RedHotStocks4
CPRT approaching resistance, potential drop! CPRT is approaching our first resistance at 56.01 (horizontal pullback resistance, 50% fiboancci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.72 (horizontal pullback support, 50% fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding drop below this level. Shortby TradeGATEHub35
CPRT GapsGuessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.Shortby hungry_hippoUpdated 4
Copart $CPRT Sinks After Earnings, Know This Trade LevelCopart Inc (NASDAQ:CPRT) is an online seller of salvaged vehicles on behalf of banks, finance companies, charities and dealers. Earlier today, the company reported earnings that are not being well received by investors. Copart Inc shares are declining lower by more than 16.0 percent to $53.30 a share. This morning, the stock has been defended around its 50-week moving average which is at $50.24. A daily chart close below this critical support level will indicate further downside for the stock. The next major support level that traders and investors should watch will be around the $47.00 area. This is where the stock was defended in March 2018 and was followed by a break-out to new highs. Often, past breakout levels will serve as excellent support when retested. NASDAQ:CPRT Nicholas Santiago InTheMoneyStocksby inthemoney1
Copart working wellChart was annotated on Aug 13 - the dotted line was projection. Here we are two weeks later and, well, I'm sure we may see some consolidation soon. Climbing up the stop-lossLongby billgarc1
CPRT setting upNice flag. Another few days to complete but any higher and should be ready to BOLongby billgarc3