Copart Stock Technical Analysis

CPRT -  USA Stock  

USD 145.16  2.85  1.93%

As of the 30th of November, Copart shows the Mean Deviation of 1.19, downside deviation of 1.92, and Risk Adjusted Performance of 0.0357. 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 rivals. 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 145.16 per share. Given that Copart has jensen alpha of 0.0693, we suggest you to validate Copart Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Copart Technical Analysis 

 
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Copart Analyst Consensus

Target PriceAdvice# of Analysts
154.17Buy6Odds
Copart Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Copart analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Copart stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Copart Inc, talking to its executives and customers, or listening to Copart conference calls.
Copart Analyst Advice Details
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...

Copart Inc Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Copart Inc volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Copart Inc Trend Analysis

Use this graph to draw trend lines for Copart Inc. You can use it to identify possible trend reversals for Copart as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Copart price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Copart Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Copart Inc applied against its price change over selected period. The best fit line has a slop of   0.21  , which means Copart Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1595.68, which is the sum of squared deviations for the predicted Copart price change compared to its average price change.

About Copart Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Copart Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Copart Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Copart Inc stock first instead of the macroeconomic environment surrounding Copart Inc. By analyzing Copart's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Copart's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Copart specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 (projected)
Long Term Debt to Equity0.160.18
Interest Coverage43.2556.13

Copart November 30, 2021 Technical Indicators

Most technical analysis of Copart help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Copart from various momentum indicators to cycle indicators. When you analyze Copart charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Copart November 30, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Copart stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Trending Equities. Note that the Copart Inc information on this page should be used as a complementary analysis to other Copart's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Copart Stock analysis

When running Copart Inc 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 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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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 Copart value 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.