Copart Inc Stock Analysis

Copart Stock Analysis Notes

About 83.0% of the company shares are held by institutions such as insurance companies. The company had not issued any dividends in recent years. Copart Inc had 2:1 split on the 22nd of August 2023. Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas. Copart operates under Auto Truck Dealerships classification in the United States and is traded on NASDAQ Exchange. It employs 9500 people. For more info on Copart Inc please contact the company at 972 391 5000 or go to https://www.copart.com.

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Copart Stock Institutional Investors

Note, although Copart's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Copart Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 52.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Copart's market, we take the total number of its shares issued and multiply it by Copart's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Copart Profitablity

The company has Profit Margin (PM) of 0.33 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.37 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.37.

Management Efficiency

Copart Inc has return on total asset (ROA) of 0.1465 % which means that it generated a profit of $0.1465 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2256 %, meaning that it created $0.2256 on every $100 dollars invested by stockholders. Copart's management efficiency ratios could be used to measure how well Copart manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.14 in 2024. Return On Capital Employed is likely to drop to 0.18 in 2024. At this time, Copart's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 8.1 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 221.1 M in 2024.

Technical Drivers

As of the 18th of April 2024, Copart shows the Downside Deviation of 1.21, mean deviation of 0.9056, and Risk Adjusted Performance of 0.1105. Copart Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Copart Inc, which can be compared to its peers. Please confirm Copart Inc coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Copart Inc is priced correctly, providing market reflects its regular price of 54.02 per share. Given that Copart has jensen alpha of 0.1385, we suggest you to validate Copart Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Copart Inc Price Movement Analysis

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Copart Forecast Models

Copart's time-series forecasting models are one of many Copart's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Copart's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Copart prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Copart shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Copart. By using and applying Copart Stock analysis, traders can create a robust methodology for identifying Copart entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Copart analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Copart analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Copart Inc stock analysis indicators help investors 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 analysis, traders can identify Copart position entry and exit signals to maximize returns.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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.

Is Copart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Copart. If investors know Copart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Copart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Copart Inc is measured differently than its book value, which is the value of Copart that is recorded on the company's balance sheet. Investors also form their own opinion of Copart's value that differs from its market value or its book value, called intrinsic value, which is Copart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Copart's market value can be influenced by many factors that don't directly affect Copart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Copart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Copart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.