Copart Inc Stock Alpha and Beta Analysis
| CPRT Stock | USD 63.75 1.05 1.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Copart Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Copart over a specified time horizon. Remember, high Copart's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Copart's market risk premium analysis include:
Beta 1.13 | Alpha 0.15 | Risk 2 | Sharpe Ratio 0.15 | Expected Return 0.31 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Copart |
Copart Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Copart market risk premium is the additional return an investor will receive from holding Copart long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Copart. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Copart's performance over market.| α | 0.15 | β | 1.13 |
Copart expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Copart's Buy-and-hold return. Our buy-and-hold chart shows how Copart performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Copart Market Price Analysis
Market price analysis indicators help investors to evaluate how Copart stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Copart shares will generate the highest return on investment. By understating and applying Copart stock market price indicators, traders can identify Copart position entry and exit signals to maximize returns.
Copart Return and Market Media
The median price of Copart for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 52.56 with a coefficient of variation of 4.76. The daily time series for the period is distributed with a sample standard deviation of 2.53, arithmetic mean of 53.21, and mean deviation of 1.97. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Acquisition by Tryforos Thomas N of 160000 shares of Copart at 17.81 subject to Rule 16b-3 | 09/23/2024 |
2 | Hi Marley, Copart, and Plymouth Rock Assurance, Named a 2024 Insurance Luminary by PropertyCasualty360 for Total Loss Assist Innovation | 10/02/2024 |
3 | Disposition of 5000000 shares by Adair A Jayson of Copart subject to Rule 16b-3 | 10/07/2024 |
4 | Disposition of 4995000 shares by Adair A Jayson of Copart subject to Rule 16b-3 | 10/14/2024 |
5 | Acquisition by Willis Johnson of 50000 shares of Copart at 44.29 subject to Rule 16b-3 | 10/17/2024 |
6 | MFA Wealth Advisors LLC Boosts Stake in Copart, Inc. | 10/24/2024 |
7 | Acquisition by Sparks Carl of 10297 shares of Copart subject to Rule 16b-3 | 11/05/2024 |
8 | D.B. Root Company LLC Sells 684 Shares of Copart, Inc. | 11/07/2024 |
9 | Copart, Inc. Outpaces Stock Market Gains What You Should Know | 11/11/2024 |
10 | Thousands Of Flood Damaged Enthusiast Cars Are Showing Up At Florida Auctions After Recent Hurricanes | 11/12/2024 |
11 | Cable Hill Partners LLC Sells 814 Shares of Copart, Inc. | 11/15/2024 |
12 | Copart, Inc. Short Interest Update | 11/19/2024 |
13 | Copart reports in-line Q1 earnings, revenue beats estimates | 11/21/2024 |
14 | Why Copart Stock Spiked 9 percent Today | 11/22/2024 |
About Copart Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Copart or other stocks. Alpha measures the amount that position in Copart Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 65.52 | 66.84 | 67.7 | 85.44 | PTB Ratio | 6.62 | 7.04 | 6.68 | 3.76 |
Copart Upcoming Company Events
As portrayed in its financial statements, the presentation of Copart's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Copart's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Copart's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Copart. Please utilize our Beneish M Score to check the likelihood of Copart's management manipulating its earnings.
| 19th of February 2024 Upcoming Quarterly Report | View | |
| 15th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 12th of September 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of July 2023 Last Financial Announcement | View |
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Additional Tools for Copart Stock Analysis
When running Copart's price analysis, check to measure Copart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.