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

By David Diaz

Shares of Copart Inc (NASDAQ:CPRT) traded at a new 52-week high today of $85.24. Approximately 73,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Copart Inc (NASDAQ:CPRT) is currently priced 36.1% above its average consensus analyst price target of $53.86. Copart Inc shares have support at the 50-day moving average (MA) of $79.14 and additional support at the 200-day MA of $68.37.

In the past 52 weeks, shares of Copart Inc have traded between a low of $44.61 and a high of $85.24 and are now at $84.34, which is 89% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.8%.

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 is tracking the current trend status for Copart Inc and will alert subscribers who have CPRT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows copart inc

Ticker(s): CPRT