Fintel reports that on September 15, 2023, Baird maintained coverage of Copart (NASDAQ:CPRT) with a Outperform recommendation.
Analyst Price Forecast Suggests 4.78% Upside
As of August 31, 2023, the average one-year price target for Copart is 46.99. The forecasts range from a low of 39.39 to a high of $55.65. The average price target represents an increase of 4.78% from its latest reported closing price of 44.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Copart is 3,827MM, a decrease of 1.10%. The projected annual non-GAAP EPS is 2.35.
What is the Fund Sentiment?
There are 1742 funds or institutions reporting positions in Copart. This is an increase of 56 owner(s) or 3.32% in the last quarter. Average portfolio weight of all funds dedicated to CPRT is 0.51%, an increase of 8.87%. Total shares owned by institutions decreased in the last three months by 0.83% to 460,742K shares. 
The put/call ratio of CPRT is 0.55, indicating a bullish outlook.
What are Other Shareholders Doing?
Principal Financial Group holds 20,226K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 21,671K shares, representing a decrease of 7.14%. The firm increased its portfolio allocation in CPRT by 4.84% over the last quarter.
Alliancebernstein holds 18,013K shares representing 1.89% ownership of the company. In its prior filing, the firm reported owning 18,055K shares, representing a decrease of 0.23%. The firm increased its portfolio allocation in CPRT by 15.33% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 13,363K shares representing 1.40% ownership of the company. In its prior filing, the firm reported owning 13,265K shares, representing an increase of 0.74%. The firm increased its portfolio allocation in CPRT by 12.72% over the last quarter.
PMSBX – MidCap Fund (f holds 12,712K shares representing 1.33% ownership of the company. In its prior filing, the firm reported owning 13,030K shares, representing a decrease of 2.51%. The firm increased its portfolio allocation in CPRT by 20.25% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 10,213K shares representing 1.07% ownership of the company. In its prior filing, the firm reported owning 10,003K shares, representing an increase of 2.06%. The firm increased its portfolio allocation in CPRT by 12.14% over the last quarter.
Copart Background Information
(This description is provided by the company.)
Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries. The company offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some cases, to end users. Copart sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, and individual owners. With operations at over 200 locations in 11 countries, Copart has more than 170,000 vehicles available online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), the Republic of Ireland (Copart.ie), Brazil (Copart.com.br), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es).
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