Copart (CPRT) Hits New Lifetime High
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Copart as such a stock due to the following factors:
- CPRT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.1 million.
- CPRT has traded 106,317 shares today.
- CPRT is trading at a new lifetime high.
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More details on CPRT:
Copart, Inc. provides online auctions and vehicle remarketing services. CPRT has a PE ratio of 24. Currently there are 3 analysts that rate Copart a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Copart has been 663,500 shares per day over the past 30 days. Copart has a market cap of $4.8 billion and is part of the services sector and specialty retail industry. The stock has a beta of 1.13 and a short float of 5.2% with 11.15 days to cover. Shares are up 14.3% year-to-date as of the close of trading on Friday.
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Analysis:
rates Copart as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- CPRT's revenue growth has slightly outpaced the industry average of 7.7%. Since the same quarter one year prior, revenues slightly increased by 8.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The debt-to-equity ratio is somewhat low, currently at 0.92, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. To add to this, CPRT has a quick ratio of 1.69, which demonstrates the ability of the company to cover short-term liquidity needs.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Commercial Services & Supplies industry and the overall market, COPART INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- COPART INC has improved earnings per share by 20.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, COPART INC increased its bottom line by earning $1.68 versus $1.37 in the prior year. This year, the market expects an improvement in earnings ($1.94 versus $1.68).
- You can view the full Copart Ratings Report.
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