Copart Reaches New 52-Week High (CPRT)

NEW YORK ( TheStreet) -- Copart (Nasdaq: CPRT) hit a new 52-week high Thursday as it is currently trading at $48.64, above its previous 52-week high of $48.60 with 70,815 shares traded as of 12:35 p.m. ET. Average volume has been 278,700 shares over the past 30 days.

Copart has a market cap of $3.13 billion and is part of the services sector and specialty retail industry. Shares are up 0.5% year to date as of the close of trading on Wednesday.

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 20.6, above the average specialty retail industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Copart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Copart Ratings Report.

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