Trade-Ideas LLC identified

Copart

(

CPRT

) 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 $22.6 million.
  • CPRT has traded 15,483 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 22. Currently there are 4 analysts that rate Copart a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for Copart has been 537,500 shares per day over the past 30 days. Copart has a market cap of $4.4 billion and is part of the services sector and specialty retail industry. The stock has a beta of 1.26 and a short float of 1.2% with 2.25 days to cover. Shares are up 0.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Copart as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • 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 12.8% 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 ($1.82 versus $1.68).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Services & Supplies industry average. The net income increased by 12.5% when compared to the same quarter one year prior, going from $51.04 million to $57.41 million.
  • The debt-to-equity ratio is somewhat low, currently at 0.67, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with this, the company maintains a quick ratio of 3.18, which clearly demonstrates the ability to cover short-term cash needs.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Commercial Services & Supplies industry and the overall market, COPART INC's return on equity exceeds that of both the industry average and the S&P 500.

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