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 January 17, 2025, CPRT stock price climbed to $56.90 with 3,095,422 million shares trading.

CPRT has a market cap of $54.82 billion. This is considered a Large Cap stock.

Last quarter Copart reported $1 billion in Revenue and $.37 earnings per share. This beat revenue expectation by $47 million and met earnings estimates .

In the last 3 years, CPRT traded as high as $64.38 and as low as $25.55.

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

CPRT has underperformed the market in the last year with a price return of +19.2% while the SPY ETF gained +28.0%. However, in the short term, CPRT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.0% vs +3.0% return in SPY. But in the last 2 weeks, CPRT shares have been beat by the market, returning 0.0% compared to an SPY return of +1.0%.

CPRT support price is $55.66 and resistance is $57.14 (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 shares will trade within this expected range on the day.