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Shares of Copart Inc Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Copart Inc (NASDAQ:CPRT) traded at a new 52-week high today of $61.10. So far today approximately 118,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, Copart Inc share prices have been bracketed by a low of $31.14 and a high of $61.10 and are now at $61.05, 96% above that low price. The 200-day and 50-day moving averages have moved 0.98% higher and 0.47% 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.

Copart Inc (NASDAQ:CPRT) defies analysts with a current price ($61.05) 11.8% above its average consensus price target of $53.86. The stock should find initial support at its 50-day moving average (MA) of $58.30 and further support at its 200-day MA of $49.61.

SmarTrend is monitoring the recent change of momentum in Copart Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Copart Inc in search of a potential trend change.

Keywords: 52 week high/lows copart inc

Ticker(s): CPRT