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Shares of Copart Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Copart Inc (NASDAQ:CPRT) traded at a new 52-week high today of $51.51. This new high was reached on below average trading volume as 115,000 shares traded hands, while the average 30-day volume is approximately 545,000 shares.

Copart Inc (NASDAQ:CPRT) is currently priced 0.4% above its average consensus analyst price target of $51.00. 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.

Copart Inc share prices have moved between a 52-week high of $51.51 and a 52-week low of $22.98 and are now trading 123% above that low price at $51.19 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.10% higher over the past week, respectively.

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.

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 13.5%. 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