Is Copart Inc (CPRT) a Stock to Watch After Gaining 1.10% This Week?

The market has been high on Copart Inc (CPRT) stock recently. CPRT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Copart Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CPRT!

See Full CPRT Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CPRT Stock Today?

Copart Inc (CPRT) stock has risen 0.2% while the S&P 500 is down -0.29% as of 3:38 PM on Monday, Apr 1. CPRT is up $0.12 from the previous closing price of $57.92 on volume of 2,320,814 shares. Over the past year the S&P 500 is up 27.03% while CPRT is up 53.79%. CPRT earned $1.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 52.31. To see InvestorsObserver's Sentiment Score for Copart Inc click here.

More About Copart Inc

Copart Inc is a provider of online auctions and vehicle remarketing services targeted primarily at insurance companies, car dealerships, fleet operators, and vehicle rental companies. The majority of the vehicles sold through Copart's services are either damaged or recovered stolen vehicles. Copart principally sells to vehicle dismantlers, rebuilders, used vehicle importers and exporters and the general public. The company generates revenue from fees paid by vehicle sellers and buyers and/or purchasing and reselling vehicles on its own account. Its main markets include North America and the British Isles. Click Here to get the full Stock Report for Copart Inc stock.