On a scale of 0 to 100, Copart holds a
performance score of 18. The firm shows a Beta (market volatility) of 0.6594, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Copart's beta means in this case. As returns on the market increase, Copart returns are expected to increase less than the market. However, during the bear market, the loss on holding Copart will be expected to be smaller as well. Although it is vital to follow
Copart Inc historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing
future performance of any stock is to evaluate the business as a whole together with its past performance, including all
available fundamental and
technical indicators. By analyzing
Copart Inc technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of Copart Inc
maximum drawdown, as well as the
relationship between the skewness and
day typical price to make a quick decision on whether Copart
price patterns will revert.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Janus Henderson income statement, its balance sheet, and the statement of cash flows. Potential Janus Henderson investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Janus Henderson investors may use each financial statement separately, they are all related. The changes in Janus Henderson's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Janus Henderson's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Janus Henderson
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Janus Henderson performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Janus Henderson shares is the value that is considered the true value of the share. If
the intrinsic value of Janus is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Janus Henderson. Please read more on our
fundamental analysis page.
And What about dividends?
A dividend is the distribution of a portion of Janus Henderson earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Janus Henderson dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Janus one year expected dividend income is about USD0.03 per share.
Investing in stocks that pay
dividends, such as etf of Janus Henderson SmallMid, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Janus Henderson must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Janus Henderson. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
Breaking it down
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Copart is not uncomon. Many companies such as Copart have both institutions investors and insiders sharing the ownership. Retail investors typically buy and sell stocks in round lots of 100 shares or more. Other other hand institutional investors are known to buy and sell in block trades of 10,000 shares or more. Let's take a look at how the ownership of Copart is distributed among investors.
Ownership Allocation
Copart Inc retains a total of 236.58 Million outstanding shares. The majority of Copart Inc
outstanding shares are owned by
other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Copart Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Copart. Please pay attention to any change in the institutional holdings of Copart Inc as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
| Retail Investors6.28% | Insiders10.83% | Institutions82.89% |
| Retail Investors | 6.28 |
| Insiders | 10.83 |
| Institutions | 82.89 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Copart has an asset utilization ratio of 149.71 percent. This implies that the company is making $1.5 for each dollar of assets. An increasing asset utilization means that Copart Inc is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets899.6 M | Assets Non Current2.3 B | | |
| Current Assets | 899.61 Million | 24.81 |
| Assets Non Current | 2.28 Billion | 62.92 |
| Goodwill | 420.41 Million | 11.6 |
| Tax Assets | 24.35 Million | 0.67 |
Copart showing indication of lower volatility
Newest maximum drawdown is at 4.64. Copart Inc has low volatility with Treynor Ratio of 0.3, Maximum Drawdown of 4.64 and kurtosis of 0.21. However, we advice all investors to further analyze Copart Inc to make certain all market information is desiminated and is consistent with the current expectations about Copart upside potential. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Copart's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Copart's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Final Take On Copart
Whereas some other companies within the specialty business services industry are still a little expensive, even after the recent corrections, Copart may offer a potential longer-term growth to private investors. The bottom line, as of the 8th of September 2021, our up-to-date 90 days buy-sell recommendation on the firm is
Strong Buy. We believe Copart is
undervalued with
very small probability of financial unrest for the next two years.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Janus Henderson SmallMid. Please refer to our
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