Copart shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential. Investors have an opportunity to buy the stock and target the $ 72.9.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Copart accounts for 5.52 % of our USA Portfolio. A trade is currently open since 04/16/2019 with a purchase price of $ 65.63. Discover the other 19 stocks of the USA portfolio managed by the MarketScreener portfolio management team.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
The group usually releases upbeat results with huge surprise rates.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
The tendency within the weekly time frame is positive above the technical support level at 55.26 USD
Stock prices approach a strong long-term resistance in weekly data at USD 67.11.
The stock is close to a major daily resistance at USD 67.32, which should be gotten rid of so as to gain new appreciation potential.
The company's "enterprise value to sales" ratio is among the highest in the world.
With an expected P/E ratio at 30.46 and 27.04 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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