BofA update shows where active managers are putting money
On the same day, Liaw also exercised options to acquire 50,000 shares of Copart INC common stock, with prices ranging from $6.775 and $8.695, for a total value of $422,556. InvestingPro data reveals the company holds more cash than debt on its balance sheet, with 13 additional key insights available to subscribers through the comprehensive Pro Research Report. InvestingPro data reveals the company holds more cash than debt on its balance sheet, with 13 additional key insights available to subscribers through the comprehensive Pro Research Report.
On the same day, Liaw also exercised options to acquire 50,000 shares of Copart INC common stock, with prices ranging from $6.775 and $8.695, for a total value of $422,556.
In other recent news, Copart Inc (NASDAQ:CPRT). reported its first-quarter 2025 earnings, with earnings per share (EPS) of $0.42, aligning with analyst expectations. However, the company’s revenue was slightly below projections, reaching $1.21 billion compared to a forecast of $1.23 billion. Despite the revenue shortfall, Copart’s global service revenue increased by 9%, which helped offset a 2% decline in vehicle sales revenue. CFRA analyst Garrett Nelson upgraded Copart’s stock rating to Strong Buy, setting a price target of $70, highlighting the company’s growing net cash balance of $4.3 billion as a positive indicator for future value creation. Meanwhile, Stephens initiated coverage on Copart with an Equal Weight rating and a $50 price target, citing high valuation and slowing profit growth as challenges in the near term. JPMorgan adjusted Copart’s price target from $60 to $55, maintaining a Neutral rating, due to concerns over the company’s insurance unit volume growth. These recent developments reflect a mix of positive and cautious outlooks from analysts regarding Copart’s financial performance and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.