Copart, Inc. (CPRT) stock is down 1.18% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Copart, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CPRT!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 is down -0.02% while the S&P 500 has gained 0.51% as of 3:47 PM on Friday, Dec 1. CPRT has fallen -$0.01 from the previous closing price of $50.22 on volume of 2,340,021 shares. Over the past year the S&P 500 is higher by 12.52% while CPRT has gained 50.87%. CPRT earned $1.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 46.45.
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.
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