Get started
COPART INCCOPART INCCOPART INC

COPART INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

CPRT trade ideas

Copart (CPRT) LongAsset Class: Stocks Income Type: Daily Symbol: CPRT Trade Type: Long Trends: Short Term: Up Long Term: Down Set-Up Parameters: Entry: 51.74 (at the Breakout) Stop: 50.88 TP 54.28 (3:1) Trade idea: A breakout from a descending channel on the 1H , zone formed by a drop-base-rally with Fair Value Gap . The setup has a 3:1 RRR. The RSI is oversold , heading up, and showing divergence. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
NASDAQ:CPRTLong
by MESHANL
1
5/16/24 - $cprt - love co, can't buy print tn tho (way) too rich5/16/24 - vrockstar - NASDAQ:CPRT - love the company, really hard to buy the stock here. high 30s PE, >10x sales, 2% fcf yield. and that gets you 10% pa top line growth? the stock is a clear outperfomer v. the broader market since forever, so it's hard to fade/ short the name. shorting has been miserable in this tape anyway. add to the fact that in-line and outright weak results v. consensus have been met with more dip buyers in the last few q's. so again, it's fighting the trend to fade this. but i'd not be buying it and part of what informs this is not only the valuation but a miss and a lower stock price would need to see a substantial price discount to even pique my interest. i feel like i've been cautioning a lot more in this tape than finding good long punts... which sucks. but i just call them like i see them. i'm not in the pool on this one, lmk if you have a diff POV in the comments and i'll take a closer look.
NASDAQ:CPRTShort
by VROCKSTAR
CPRT - 4 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:CPRTShort
by TheArtOfCharting
1
CPRT Copart Options Ahead of EarningsA small leg up before the Head and Shoulders bearish Chart Pattern gets completed. Analyzing the options chain and the chart patterns of CPRT Copart prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:CPRTLong
by TopgOptions
CPRT Entry, Volume, Target, StopEntry: when price clears 89.79 Volume: with daily volume greater than 2.6M Target: 94.50 area Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:CPRTLong
by tradepatiently
Momentum Stock: Copart IncCopart Inc is a global leader in online vehicle auctions and a provider of vehicle remarketing services. The company offers a platform that enables buyers to bid and purchase salvaged and used vehicles through online auctions. Copart operates a network of more than 200 locations in the United States and around the world, facilitating the sale and distribution of vehicles for a wide range of customers, including insurance companies, dealerships, rental car companies, and individual sellers. The company's platform provides a convenient and efficient way to buy and sell vehicles, offering a broad selection, transparent pricing, and streamlined logistics. Price Performance: Copart Inc has shown impressive price performance across various timeframes. In the short term, the stock has experienced strong growth, with a 7.77% increase in the current trading session, a 10.31% increase over the week, and a significant 13.53% increase over the past month. Over longer periods, the stock's performance is even more remarkable, with a 35.50% increase over the past six months, a 43.90% increase year-to-date, and a staggering 218.05% increase over the past five years. The stock has demonstrated consistent upward momentum, driven by positive market sentiment and strong financial performance. Relative Strength Index (RSI): The Relative Strength Index (RSI) for Copart Inc is currently at 85.78. The RSI is a technical indicator that measures the speed and change of price movements. A value above 70 typically indicates an overbought condition, suggesting that the stock may be due for a pullback or consolidation. Investors should consider this high RSI reading as a potential warning sign and exercise caution. Financial Highlights and Valuation: Copart Inc has a market capitalization of $39.28 billion. The company has generated $3.67 billion in revenue over the trailing twelve months, with a profit margin of 29.45%. The earnings per share (EPS) for the most recent quarter was $2.22. The company's valuation metrics include a trailing P/E ratio of 36.94, a forward P/E ratio of 25.51, a price-to-sales ratio of 8.05, and a price-to-book ratio of 6.13. These valuation metrics suggest that the stock may be trading at a premium compared to its industry peers. Analyst Ratings: Copart Inc has received an average rating of 4.11 from analysts. Out of the analysts covering the stock, 4 rate it as a "Strong Buy," 2 rate it as a "Buy," and 3 rate it as a "Hold." No analysts currently recommend selling the stock or rate it as a "Strong Sell." The average target price for the stock is $81.29. This indicates a potential downside of approximately 9.80% from the current price. While the majority of analysts have a positive outlook on the stock, investors should carefully evaluate the analysts' research and consider their own investment objectives before making any decisions. Institutional Holdings: Institutional investors hold a significant portion of Copart Inc's shares, with 83.395% of the shares being held by institutions. The top institutional holders of the stock include Vanguard Group Inc, BlackRock Inc, Principal Financial Group Inc, AllianceBernstein L.P., and State Street Corporation. These institutions have made changes to their positions in the stock, both increasing and decreasing their holdings. Vanguard Group Inc, for example, increased its shares by 778,398, while BlackRock Inc decreased its shares by 484,972. The buying and selling activity of institutional investors can provide insights into market sentiment and potential trends for the stock. Insider Transactions: There have been several notable insider transactions involving Copart Inc. Matt Blunt, a company insider, sold 30,000 shares on February 22, 2023, at a price of $69.36 per share. Another transaction involving Matt Blunt occurred on June 6, 2022, where 10,000 shares were sold at $115.72 per share. Additionally, Daniel J. Englander, another insider, sold 80,000 shares on May 25, 2022, at a price of $110.78 per share. These insider transactions indicate that company insiders have been selling their shares, which could be seen as a cautious signal. Outlook: Copart Inc is a leading player in the online vehicle auction and remarketing services industry. The company has shown impressive stock performance, with significant gains over various timeframes. However, investors should be mindful of the high RSI, which suggests an overbought condition. From a valuation perspective, the stock appears to be trading at a premium compared to industry peers. Analyst ratings are generally positive, with a majority recommending a "Strong Buy" or "Buy." Institutional holdings are significant, indicating confidence in the company. However, recent insider transactions involving share sales by company insiders may raise some concerns. Overall, investors should conduct thorough research, consider their risk tolerance, and evaluate the stock based on their individual investment goals before making any decisions. In terms of any kind of short term entry, I would want to wait for a significant pullback especially after todays massive jump on earnings. Once it does pull-back, given how strong its earnings reaction was, it might continue its run for a while. For risk management, a trailing stop loss of around 8% to 10% would have kept you in most of this trade which is nice and low. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed. As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker. Again. Not trading advice . Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
NASDAQ:CPRT
by zAngus
CPRT- BULLISH SCENARIOCopart, Inc. is an online auction and vehicle remarketing services company headquartered in Dallas, Texas. On January 31, 2023, Copart, Inc. stock closed at $66.61 per share. One-month return of CPRT was 7.47%, and its shares gained 1.03% of their value over the last 52 weeks. The company has a market capitalization of $31.726 billion. CPRT is expected to report earnings on 22 February 2023 The forecast for the revenue and EPS is as follows: 931.23M revenue and EPS 0.58 The next price target is in the range of $75-$80. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:CPRTLong
by legacyFXofficial
CPRT ready to move higher?I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher. Now CPRT is offering yet another entry and it seems like it's ready to move higher from here. What's really interesting about this is that it consolidated while the general market was in a correction. This indicates that institutions are interested in this stock and were keeping it afloat. Now may be the perfect time to enter before it starts heading higher. Everything from my previous post still stands. Trade Idea: * Now's the right time to enter as the stock is trading at higher than average volume * Earnings coming up next week * If you're looking for a slight discount you can look for an entry around the $152.85 area * $152.85 as been serving as support and should serve as support going forward
NASDAQ:CPRTLong
by HaseebKhan_90
CPRT Continues Bullish TrendWho They Are Copart Inc (CPRT) is an online auction provider for used/damaged/stolen vehicles for mainly commercial entities. These vehicles are sold to a wide variety of end-users. CPRT makes money through fees from the auctions and from engaging in buying and selling themselves. Are They Making Money Their EBITDA(Adj) has been showing positive growth for several years now, the same as cash flow from operations. Technical CPRT recently corrected down to the 63EMA and then continued back on its bullish trend. RSI shows it still has room to move up before hitting overbought territory. ADX is pointed down but it is above 20, showing strength in the trend though being pointed down warns that it may be running out of steam.
NASDAQ:CPRTLong
by Ronald_Ryninger