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Copart Inc: 52-Week High Recently Eclipsed (CPRT)

By Shiri Gupta

Copart Inc (NASDAQ:CPRT) traded today at a new 52-week high of $56.50. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 545,000 shares.

Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers.

In the past 52 weeks, shares of Copart Inc have traded between a low of $22.98 and a high of $56.50 and are now at $56.26, which is 145% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Copart Inc (NASDAQ:CPRT) is currently priced 4.3% above its average consensus analyst price target of $53.86. The stock should find initial support at its 50-day moving average (MA) of $29.86 and further support at its 200-day MA of $27.34.

SmarTrend recommended that subscribers consider buying shares of Copart Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.01. Since that recommendation, shares of Copart Inc have risen 24.7%. We continue to monitor CPRT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows copart inc

Ticker(s): CPRT