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CPRT

Copart

$74.82

-0.56 (-0.74%)

19:31
09/03/19
09/03
19:31
09/03/19
19:31

Copart names Jeff Liaw as President

Copart reported that Jeff Liaw had been promoted to the position of President, effective September 3, 2019. Mr. Liaw will report directly to CEO Jay Adair. Prior to his elevation to President, Mr. Liaw served as Copart's Senior Vice President and CFO, a position he has held since January 4, 2016.

  • 05

    Sep

CPRT Copart
$74.82

-0.56 (-0.74%)

05/24/19
BRRR
05/24/19
NO CHANGE
BRRR
Market Perform
Outlook for Copart remains solid, says Barrington
Barrington analyst Gary Prestopino kept his Market Perform rating on Copart after its "very solid" Q3 results, saying the company gained market share in the quarter. The analyst says Copart 's marketing focus on international buyers has contributed to "significant growth in bidding activity" and drove higher average selling prices since international clients typically buy rebuildable higher-value vehicles. Prestopino also contends that the outlook for Copart remains positive, adding that the progress being made in its Germany market is encouraging.
07/02/19
GUGG
07/02/19
INITIATION
Target $48
GUGG
Buy
IAA initiated with a Buy at Guggenheim
Guggenheim analyst Ali Faghri initiated IAA (IAA) with a Buy rating and $48 following the company's completion of its spinoff from KAR Auction (KAR). Faghri sees the salvage market as a duopoly with pricing power and high barriers to entry and sees the valuation gap with Copart (CPRT) narrowing. He also sees IAA having a long-term margin improvement opportunity of 300-400 basis points, driven by reducing physical auctions and various cost savings initiatives. Separately, Faghri downgraded KAR Auction to Sell from Neutral this morning.
07/08/19
BRRR
07/08/19
INITIATION
Target $43
BRRR
Market Perform
IAA initiated with a Market Perform at Barrington
Barrington analyst Gary Prestopino started IAA (IAA) with a Market Perform rating and $43 price target. The analyst believes IAA is fairly valued at a current 20% discount to Copart (CPRT). However, as the company successfully executes on its growth and margin improvement initiatives, this discount can narrow over time to 10% or less, Prestopino tells investors in a research note.
08/14/19
RHCO
08/14/19
NO CHANGE
Target $53
RHCO
Buy
IAA price target raised to $53 from $47 at SunTrust
SunTrust analyst Stephanie Benjamin raised her price target on IAA (IAA) to $53 and kept her Buy rating after its Q2 earnings beat and maintained outlook for FY19 organic revenue growth. The analyst says the company is taking a "more aggressive approach" to online auctions, posting a 10% revenue growth, 6% volume growth, and 4% higher revenue per unit in the quarter. Benjamin also sees the implied premium 19-times her expected 2020 EBITDA multiple, which is above Copart's (CPRT) 14- to 17-times historic range, as justified based on IAA's greater ancillary service penetration with existing accounts and cost management.

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BA

Boeing

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AA

Alcoa

$21.70

-0.26 (-1.18%)

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$21.70

-0.26 (-1.18%)

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$23.55

-0.27 (-1.13%)

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Commercial Metals

$17.94

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SCHN

Schnitzer Steel

$23.55

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FNSR

Finisar

$24.31

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BNPQY

BNP Paribas

$0.00

(0.00%)

, DB

Deutsche Bank

$7.99

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VRSK

Verisk Analytics

$158.47

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T

AT&T

$37.92

0.78 (2.10%)

, CMCSA

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$46.36

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SNE

Sony

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LGF.A

Lionsgate

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DIS

Disney

$132.18

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VIAB

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VIVHY

Vivendi

$0.00

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SFTBY

SoftBank

$0.00

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, SFTBF

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$0.00

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SFTBY

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, SFTBF

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$0.00

(0.00%)

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VIAB

Viacom

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-0.28 (-1.11%)

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PWR

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$37.61

-0.28 (-0.74%)

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PTEN

Patterson-UTI

$9.66

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  • 24

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ESE

Esco Technologies

$78.44

-1.54 (-1.93%)

12:19
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