TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.
The following ratings changes were generated on Tuesday, May 12.
We've updated Copart(CPRT Quote) from hold to buy, driven by its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
The company's quick ratio of 1.7 demonstrates strong liquidity. Return on equity improved slightly compared with the year-ago quarter, which can be construed as a modest strength. The 44.3% gross profit margin decreased from the year-ago quarter. The 16% net profit margin outperformed the industry average. Revenue fell 2.6% from the year-ago quarter, and EPS are down. Net income fell 15.2%, from $32 million in the year-ago quarter to $27.2 million. ...
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