Copart Inc Stock Alpha and Beta Analysis

CPRT Stock  USD 57.92  0.68  1.19%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Copart Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Copart over a specified time horizon. Remember, high Copart's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Copart's market risk premium analysis include:
Beta
1.08
Alpha
0.12
Risk
1.14
Sharpe Ratio
0.29
Expected Return
0.33
Please note that although Copart alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Copart did 0.12  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Copart Inc stock's relative risk over its benchmark. Copart Inc has a beta of 1.08  . Copart returns are very sensitive to returns on the market. As the market goes up or down, Copart is expected to follow. Enterprise Value Multiple is likely to gain to 23.71 in 2024, whereas Price Book Value Ratio is likely to drop 3.70 in 2024.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Copart Backtesting, Copart Valuation, Copart Correlation, Copart Hype Analysis, Copart Volatility, Copart History and analyze Copart Performance.

Copart Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Copart market risk premium is the additional return an investor will receive from holding Copart long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Copart. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Copart's performance over market.
α0.12   β1.08

Copart expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Copart's Buy-and-hold return. Our buy-and-hold chart shows how Copart performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Copart Market Price Analysis

Market price analysis indicators help investors to evaluate how Copart stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Copart shares will generate the highest return on investment. By understating and applying Copart stock market price indicators, traders can identify Copart position entry and exit signals to maximize returns.

Copart Return and Market Media

The median price of Copart for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 49.73 with a coefficient of variation of 6.77. The daily time series for the period is distributed with a sample standard deviation of 3.47, arithmetic mean of 51.23, and mean deviation of 3.05. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Copart Q2 2024 Earnings Preview
02/21/2024
2
Director Matt Blunt Sells 100,000 Shares of Copart Inc
02/29/2024
3
Exercise or conversion by Robert Vannuccini of 33509 shares of Copart subject to Rule 16b-3
03/01/2024
4
Copart, Inc. Shares Purchased by iA Global Asset Management Inc.
03/07/2024
5
Is Copart, Inc.s Recent Stock Performance Tethered To Its Strong Fundamentals
03/11/2024
6
Copart, Inc. is Attracting Investor Attention Here is What You Should Know
03/13/2024
7
Disposition of 33651 shares by Thomas Tryforos of Copart subject to Rule 16b-3
03/14/2024
8
Is Copart, Inc. a Buy as Wall Street Analysts Look Optimistic
03/15/2024
9
Copart Inc s Winning Formula Financial Metrics and Competitive Strengths
03/18/2024
10
Investing in Copart five years ago would have delivered you a 282 percent gain
03/22/2024
11
Copart, Inc. Given Average Rating of Hold by Brokerages - MarketBeat
03/26/2024
12
Copart, Inc. Is a Trending Stock Facts to Know Before Betting on It
03/28/2024

About Copart Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Copart or other stocks. Alpha measures the amount that position in Copart Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio28.0734.0530.6519.98
Short Term Coverage Ratios53.9963.5557.1980.37

Copart Upcoming Company Events

As portrayed in its financial statements, the presentation of Copart's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Copart's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Copart's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Copart. Please utilize our Beneish M Score to check the likelihood of Copart's management manipulating its earnings.
19th of February 2024
Upcoming Quarterly Report
View
15th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
12th of September 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of July 2023
Last Financial Announcement
View

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When determining whether Copart Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Copart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Copart Inc Stock. Highlighted below are key reports to facilitate an investment decision about Copart Inc Stock:

Complementary Tools for Copart Stock analysis

When running Copart's price analysis, check to measure Copart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.
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Copart technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Copart technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Copart trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...