Copart Reaches New 52-Week High (CPRT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Copart (Nasdaq: CPRT) hit a new 52-week high Friday as it is currently trading at $37.57, above its previous 52-week high of $37.47 with 435,512 shares traded as of 10:30 a.m. ET. Average volume has been 958,100 shares over the past 30 days.

Copart has a market cap of $4.64 billion and is part of the services sector and specialty retail industry. Shares are up 25.4% year to date as of the close of trading on Thursday.

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company offers various services to process and sell vehicles over the Internet through its Virtual Bidding Second Generation Internet auction-style sales technology. The company has a P/E ratio of 25.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Copart as a buy. 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, solid stock price performance, expanding profit margins and notable return on equity. 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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