How to Buy Copart Stock
Copart Inc
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 stock last closed at $43.16, up 0.05% from the previous day, and has increased 64.29% in one year. It has overperformed other stocks in the Specialty Business Services industry by 0.66 percentage points. Copart stock is currently +63.21% from its 52-week low of $26.45, and -8.92% from its 52-week high of $47.39.
As of Sep 22, 2023, there are 954.88M CPRT shares outstanding. The market value of CPRT is $41.21B. In the past 24 hours, 3.1M CPRT shares were traded.
How to Buy Copart Stock
Wondering how to invest in Copart stock? Here's how.
- Figure out where to buy Copart stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Copart stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your information.
- Analyze Copart stock: The Copart ticker symbol is CPRT. Is Copart stock a good investment? Should you buy shares of CPRT? How do CPRT's underlying business fundamentals look? Do top analysts think Copart is a good buy? Why has CPRT's stock price moved recently? (Hint: Our stock market research tools can help you figure out if CPRT is a good stock to buy).
- Place your CPRT trade: Decide if you will purchase CPRT shares at the current market price or use a limit order to buy CPRT stock at a given price.
- Monitor your CPRT investment: Create a watchlist to important notifications about your investment in Copart shares.
Step 1: Figure out where to buy Copart stock
You need a brokerage account to access the NASDAQ market and buy CPRT shares.
Our preferred brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to invest in CPRT today.
How to Set Up a New Account on eToro
- Click here to get started.
- Provide your personal details to start a new brokerage account.
- Submit your details by clicking the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you have finished signing up on stock apps to use, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Copart stock
After you have decided on the best place to buy Copart stock, it's important to research their stock before you invest, so you truly comprehend the risk and opportunity.
Copart Metrics
Copart Overview
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on CPRT's stock page.
Is CPRT stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CPRT's intrinsic value.
Using relative valuations measures:
- CPRT may be overvalued based on its P/E ratio of 35.61x, relative to Specialty Business Services industry P/E ratio of 28.44x
- CPRT may be overvalued based on its P/B ratio of 7.37x, relative to Specialty Business Services industry P/B ratio of 4.15x
- CPRT may be overvalued based on its PEG ratio of 2.02x
You can do additional valuation research on CPRT's stock here.
A look at CPRT Cashflows and Balance Sheet
Signs that CPRT is financially healthy:
- CPRT has a low debt to equity ratio of 0.14.
- There are more short-term assets than long-term liabilities on the CPRT balance sheet.
- There are more short-term assets than short-term liabilities on the CPRT balance sheet.
- CPRT's operating cash flow of $1.32B allows it to safely service it's debt of $129.28M.
- CPRT earnings of $1.40B is not sufficient to cover its interest payments.
- Total CPRT debt is lower than 5 years ago, relative to shareholder equity.
Signs that CPRT is not financially healthy:
- CPRT profit margin has gone down from 32.2% to 30.7% in the past year.
Is CPRT stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give forecasts on CPRT, the consensus analyst rating on CPRT is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent CPRT Analyst Ratings
Craig Kennison, a top 25% analyst from Baird maintains CPRT with a buy rating and raises their CPRT price target from $45.00 to $48.00, on Sep 15, 2023.
An analyst from Argus Research initiates coverage on CPRT with a strong buy rating and announces their CPRT price target of $53.00, on Sep 8, 2023.
Daniel Imbro, a top 8% analyst from Stephens & Co. reiterates CPRT with a strong buy rating and maintains their CPRT price target from $40.00 to $40.00, on May 18, 2023.
You can dive deeper into what analysts are projecting on the Copart stock forecast page.
CPRT Trading Indicators
CPRT Performance Numbers
Last year, CPRT earnings were $1.15B. Over the last five year, CPRT's earnings have gone up by 24.21% per year. This was slower than the Specialty Business Services industry average of 24.66%.
Last year, CPRT revenue was $3.76B. During the last five year, CPRT's revenue has gone up by 16.7% per year. This was slower than the Specialty Business Services industry average of 23.5%.
You can research CPRT's earnings and revenue performance here.
Are CPRT insiders buying or selling the stock?
In the last year, executives and large shareholders at CPRT have sold more shares than they have bought.
A. Jayson Adair, co-Chief Executive Officer of CPRT, was the latest CPRT insider to sell. They sold $26,496,000.00 worth of CPRT shares on Jul 7, 2023.
Learn more about who owns CPRT stock here.
Does CPRT stock generate passive income?
No, Copart doesn't provide an income stream by paying out dividends.
What do other traders have to say about CPRT?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your CPRT trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your CPRT investment
Now that you own some CPRT shares, you'll want to keep up with your new investment.
Add CPRT to a watchlist to see the latest developments about your CPRT stock.
CPRT Feed
How to Buy Stock in Copart
To summarize, here are the 6 steps for buying Copart stock:
- Figure out where to buy Copart stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Copart stock
- Place your CPRT trade
- Monitor your CPRT investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Copart, add CPRT to your watchlist below.
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