Copart, Inc.’s Stock Price Takes a Dip at $49.51, Recording a 6.67% Decline

Copart, Inc. (CPRT)

49.51 USD -3.54 (-6.67%) Volume: 11.42M

Copart, Inc.’s stock price stands at 49.51 USD, experiencing a decline of 6.67% this trading session with a trading volume of 11.42M, yet showing a year-to-date increase of 1.04%, indicating a potentially resilient investment.

Latest developments on Copart, Inc.

Copart Inc recently reported its Q4 2024 financial results, with revenue reaching $1.1 billion and earnings per share at $0.33. Despite the positive revenue growth, Copart shares dropped 6% in premarket trading as the Q4 profit fell short of estimates due to higher costs. This led to a bottom-line contraction for the company, causing a negative impact on its stock price. Analysts and investors were disappointed with the results, leading to a sell-off of Copart shares. However, some investors like TIAA Trust National Association and Comgest Global Investors S.A.S. acquired shares of Copart Inc. amidst the market turmoil. Overall, the Q4 earnings report has had a significant effect on Copart Inc‘s stock price movements today.

Copart, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published a bullish report on Copart Inc, focusing on the growth in the company’s non-insurance business as a key growth catalyst. The report highlights the promising trend in the total loss frequency rate in Q3 fiscal 2024, driven by a decrease in used vehicle prices and an increase in repair costs. Despite challenges such as labor shortages and complex vehicle repairs, Copart Inc‘s Insurance business has seen a 6.8% YoY volume growth, attributed to the rise in storm-related activity.

A look at Copart, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Copart Inc has a positive long-term outlook. With high scores in Growth and Resilience, the company is positioned for future expansion and able to withstand economic challenges. The company’s momentum score indicates a moderate level of market interest and activity, which could potentially drive further growth in the future.

Copart Inc‘s lower scores in Value and Dividend suggest that investors may not find the stock to be undervalued or a significant income generator. However, with strong performance in Growth and Resilience, the company’s overall outlook remains optimistic. As a provider of services for salvaged vehicles, Copart Inc serves a niche market and is well-positioned to continue its success in the industry.

### Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers. ###

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