Copart (CPRT) has seen a 5.4% rise since its last earnings report. Its shares attracted purchases from Czech National Bank, Public Sector Pension Investment Board, Symmetry Investments LP, Massachusetts Financial Services Co. MA, Envestnet Asset Management Inc, Susquehanna Fundamental Investments LLC, and Epoch Investment Partners Inc. British Columbia Investment Management Corp also bought in while Toronto Dominion Bank, JLB & Associates Inc, and Xponance Inc sold their shares. Copart’s Q4 2024 earnings fell short of expectations, nevertheless, the company reported fiscal 2024 full year revenue up by 9.5% to $4.2 billion. Despite a tricky valuation, various brokers suggest investment in Copart, recognizing its long-term market share growth strategy. Its resilience and wide moat support this recommendation, though others urge caution due to potential overpricing. Insiders have sold $40m in stock. Despite some market dips, evidently, shareholders have seen a 20% CAGR over the past five years. Calculating fair value indicates positive outcomes and the short interest saw a 55.8% increase in March. However, despite these movements, Copart’s fundamentals are strong suggesting potential upside.
Copart CPRT News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sat, 05 Oct 2024 14:46:46 GMT -
Rating 8
- Innovation 5
- Information 6
- Rumor -2
