V Bottom Possible C&HThe handle low is dangerously close to mid cup level which is 75ish A V bottom and cup and handle pattern both have the same B/O which is over prior high
So I guess in the scheme of things, it really doesn't matter. I drew the handle low in green because it can be an excellent source of support
I have owned this since the bottom but do not recommend it. You know how you just kinda like certain stocks? I find it is important to not get too attached..lol
Copart, Inc. provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also comprise services to sell vehicles through CashForCars.com; and U-Pull-It service that allows buyer to remove valuable parts, and sell the remaining parts and car body. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the general public. As of May 18, 2020, it operated through approximately 200 locations in 11 countries. Copart, Inc. was founded in 1982 and is headquartered in Dallas, Texas.
Trade ideas
BUY to COPART INCHey investors, COPART INC is in a bearish configuration, it is in full decline with a strong sell volume traded. It is moving towards its last previous lower, following the sales of the previous session we can see a strong comeback of buyers to push the price up.
Great potential to go to the top of the equilibrium zone then to breakout, to arrive in the zone above and try to break it if there is liquidity to go.
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$CPRT is going UP!!!NYSE Earnings strategy signal.
Online auctions and vehicle remarketing services provider Copart, Inc. has been increasing sales (from $1.15 bln in 2015 up to $2.04 bln in 2019) and EPS (Earnings per share: from 0.87 in 2015 up to 2.57 in 2019) for 5 years.
The Guggenheim analyst renewed $CPRT rating in October. This rating was upgraded.
The company is likely to have increased its global sales volumes compared to the previous quarter. Also, Copart opened new stores in Germany. So $CPRT is ready for the next gap up.
Due to strategy, the buy long can be from the current price (104.82),
target profit — +$4 ($108.82)
stop-loss — -$4 ($100.82)
Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. More about NYSE Earnings strategy: fondexx.com
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$CPRT:NASDAQ - COPART INC - 450% gain over last 4 yearsCopart is one of the most consistent gainers around with a nice steady year on year increase. Certainly worth a watch.
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.
CPRTSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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$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 $43.7 million from fourth-quarter fiscal 2018.
P/E Ratio 33.91
Company profile
Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. The company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.
CPRT ($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.
$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.
$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.
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.






















