Coparts first-quarter revenue beats estimates on strong salvage vehicle volumes
| CPRT Stock | USD 54.80 0.43 0.78% |
Slightly above 62% of Copart's investor base is looking to short. The analysis of overall sentiment of trading Copart Inc stock suggests that many investors are alarmed at this time. Copart's investing sentiment can be driven by a variety of factors including economic data, Copart's earnings reports, geopolitical events, and overall market trends.
Copart |
Online vehicle auction services provider Copart reported better-than-expected first-quarter revenue on Thursday, driven by robust volumes of salvage vehicles. Increasing vehicle complexity and rising labor costs have led customers to favor totaling vehicles over repairing them. Improving acquisition costs for the vehicles sold by the company, which also offers remarketing services for selling damaged and total-loss vehicles, have also significantly driven down Coparts expenses.
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Copart Fundamental Analysis
We analyze Copart's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Copart using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Copart based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Number Of Shares Shorted
Number Of Shares Shorted Comparative Analysis
Copart is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Copart Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Copart stock to make a market-neutral strategy. Peer analysis of Copart could also be used in its relative valuation, which is a method of valuing Copart by comparing valuation metrics with similar companies.
Peers
Copart Related Equities
| CTAS | Cintas | 2.03 | ||||
| GPN | Global Payments | 1.97 | ||||
| PAG | Penske Automotive | 1.90 | ||||
| ARMK | Aramark Holdings | 1.62 | ||||
| RELX | Relx PLC | 1.60 | ||||
| TRI | Thomson Reuters | 1.35 | ||||
| GPI | Group 1 | 1.16 | ||||
| AN | AutoNation | 0.87 | ||||
| ABM | ABM Industries | 0.69 | ||||
| DLB | Dolby Laboratories | 0.67 | ||||
| ABG | Asbury Automotive | 0.54 | ||||
| LAD | Lithia Motors | 0.02 | ||||
| SAH | Sonic Automotive | 0.31 |
Additional Tools for Copart Stock Analysis
When running Copart's 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 the 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.