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BusinessWeek Rankings  2007 #99
Copart Inc. helps sell so-called salvage vehicles over the Internet—those vehicles damaged beyond repair or recovered from thieves. Founded in 1982, the company offers its virtual bidding auction-style sales technology to vehicle suppliers, chiefly insurance companies, which in turn sell to licensed dismantlers, rebuilders, repair shops, used vehicle dealers, and exporters. Copart’s revenues come from sales fees as well as fees on such services as towing and storage. Based in Fairfield, Calif., it has 122 storage locations in the U.S. and Canada and can serve other locations through its network of independent salvage vehicle processors.
Analysts'
Recommendation: | Buy | | 30 Days Ago: | Strong Buy |
| | Analysts' Target: | $47 | | Analysts' Targets | | C.L. King & Associates | $51 | | Accumulate | Thursday, June 05, 2008
| | Robert W. Baird & Co. | $43 | | Neutral | Monday, March 10, 2008
| Copart Inc. (Nasdaq: CPRT) today entered into agreement to buy 1.5 million shares from its CEO. The company will acquire the shares of common stock at a price of $40 per share, or an aggregate purchase price of $60 million. The acquisition of the common stock is expected to settle on or about July 11, 2008.
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CPRT:
This call was made
on 07/07/08
@ $40.51
| Rating: |
$40.51 (07/07/08)
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| Closed: |
07/13/2008
@ $42.89
(+5.88%
in
6 days)
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| Target: |
$52.00
(+28.36%)
in > one year
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