Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy

Copart (NASDAQ: CPRT) provides owners of salvage vehicles with a full range of online remarketing services. The firm’s auction format allows such clients as insurers and rental agencies to display their vehicles to licensed dismantlers, rebuilders, used car dealers and exporters in more than 85 countries. Most of the vehicles offered are damaged, trade-ins, or repossessions. Copart also operates a search engine for used parts and provides vehicle storage at 136 facilities in North America and the UK. The company sells over a million vehicles a year.

The firm pleased investors last week, when it reported fiscal Q1 EPS of 41 cents and revenues of $184 million. Analysts had been looking for 38 cents and $173.3 million. BB&T Capital Markets subsequently reiterated its “buy” rating on the shares and Barrington Research repeated its “outperform” recommendation.

Continue reading Copart (CPRT) share price moving in bullish ‘pennant’

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This entry was posted on Wednesday, December 12th, 2007 at 4:49 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.