Relatively High Level of Cash Detected in Shares of Copart in the Diversified Support Services Industry (CPRT, RBA, UNF, CTAS, HCSG)
Below are the three companies in the Diversified Support Services industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Copart ranks highest with a CE of $495. Ritchie Bros Auctioneers is next with a CE of $346. UniFirst ranks third highest with a CE of $277.
Cintas follows with a CE of $200, and Healthcare Services rounds out the top five with a CE of $104.
SmarTrend recommended that subscribers consider buying shares of Copart on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $35.79. Since that recommendation, shares of Copart have risen 44.1%. We continue to monitor Copart for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash copart ritchie bros auctioneers unifirst Cintas healthcare services