CPRT Stock Summary and Trading Ideas (Copart | NASDAQ:CPRT)

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

Copart trades on the NASDAQ stock market under the symbol CPRT.

As of April 19, 2024, CPRT stock price declined to $52.88 with 4,767,754 million shares trading.

CPRT has a beta of 1.21, meaning it tends to be more sensitive to market movements. CPRT has a correlation of 0.40 to the broad based SPY ETF.

CPRT has a market cap of $50.77 billion. This is considered a Large Cap stock.

Last quarter Copart reported $1 billion in Revenue and $.33 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.02.

In the last 3 years, CPRT stock traded as high as $58.58 and as low as $25.55.

The top ETF exchange traded funds that CPRT belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

CPRT has outperformed the market in the last year with a return of +36.1%, while the SPY ETF gained +21.2%. In the last 3 month period, CPRT beat the market returning +9.8%, while SPY returned +4.3%. However, in the most recent 2 weeks CPRT has underperformed the stock market by returning -5.1%, while SPY returned -3.5%.

CPRT support price is $52.48 and resistance is $53.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPRT stock will trade within this expected range on the day.