CPRT - Watch for the breakout...Nice channel on the daily chart, watch for any breakout to the upside, first price target is $58.
CPRT
CPRT strong Fundamentals but weak technicalsStrongest company fundamentally
But technically its in a bearish trend short term .
Safe entry
Entry @ 55
TP @ it will not stop giving
Stop loss
CPRT Copart Options Ahead of EarningsA small leg up before the Head and Shoulders bearish Chart Pattern gets completed.
Analyzing the options chain and the chart patterns of CPRT Copart prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CPRT - Short Setup About to break weekly MA & H&S potential. Small Insider selling. This is not ready based on swing trade (daily) chart. Looking for rally to around 43.80-43.90 then reversal down and break below 42.73, first potential target of 39.57. Then based on that would consider a stop above 44.13. (see video for full details)
CPRT Entry, Volume, Target, StopEntry: when price clears 89.79
Volume: with daily volume greater than 2.6M
Target: 94.50 area
Stop: Depending on your risk tolerance; 88.23 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
CPRT- BULLISH SCENARIOCopart, Inc. is an online auction and vehicle remarketing services company headquartered in Dallas, Texas. On January 31, 2023, Copart, Inc. stock closed at $66.61 per share. One-month return of CPRT was 7.47%, and its shares gained 1.03% of their value over the last 52 weeks. The company has a market capitalization of $31.726 billion.
CPRT is expected to report earnings on 22 February 2023
The forecast for the revenue and EPS is as follows:
931.23M revenue and EPS 0.58
The next price target is in the range of $75-$80.
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$CPRT: Big reward to risk signalNice trade setup, short term reversal of existing down trend in the daily gives a low risk entry on the long side.
Stop is tight, so either risk small at the stop or maybe consider using options to play this, keep in mind the box gives you an idea of the duration of a possible bullish swing here, use that as reference for option contract duration.
Best of luck!
Cheers,
Ivan Labrie.
Entry ~36, PT 37.35, 42.50, SL 32.40 - Earnings OverreactionIAA is a competitor to the better known and larger CPRT (Copart). They've expanded into near East markets in Russia and former USSR satellites, they've shown decent YOY growth (0.13 EPS, 165m revenue), and they only missed today's earnings by 0.01 (2%) against analyst estimates. Not a high volume stock, but RSI is oversold at 25, and 36 seems to be acting as support, at least for today. I entered earlier than I should have, but as per title - Entry ~36, PT 37.35, 42.50 (18%), SL (10%) 32.40.
Thinly traded options wise, and this isn't financial advice. Happy trading.
CPRT ready to push to new highsCPRT has a nice setup to continue pushing higher. Nice long lower shadow at a key support level indicates that buyers are stepping in. $145 is my PT for Friday.
CPRT BUY OR LONG , TARGET UP TO $130CPRT confirms the "Cup and Handle" pattern and is moving well.
CPRT buy : $95-100
CPRT target : $130
Stop loss : 10%
Wish you a good deal!
$CPRT is going UP!!!NYSE Earnings strategy signal.
Online auctions and vehicle remarketing services provider Copart, Inc. has been increasing sales (from $1.15 bln in 2015 up to $2.04 bln in 2019) and EPS (Earnings per share: from 0.87 in 2015 up to 2.57 in 2019) for 5 years.
The Guggenheim analyst renewed $CPRT rating in October. This rating was upgraded.
The company is likely to have increased its global sales volumes compared to the previous quarter. Also, Copart opened new stores in Germany. So $CPRT is ready for the next gap up.
Due to strategy, the buy long can be from the current price (104.82),
target profit — +$4 ($108.82)
stop-loss — -$4 ($100.82)
Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades. More about NYSE Earnings strategy: fondexx.com
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CPRT ($CPRT) Ascending baseBought CPRT today considering that the stock has been showing a bullish trend since the beginning of the year, every price decrease was at a higher level than the previous one and currently the stock doesn't have any resistance.
The stock volume during the last few weeks was under the average for the last 5, 10 and 20 weeks, so this could mean that the current stock owners don't have the intention to sell it at the current price, forcing it to a price increase in the near future.
CPRT approaching resistance, potential drop! CPRT is approaching our first resistance at 56.01 (horizontal pullback resistance, 50% fiboancci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.72 (horizontal pullback support, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding drop below this level.
CPRT GapsGuessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.
