$CPRT is going UP!!!

19 Feb 2020

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/study/earnings.

More information: fondexx.com/.
Education: fondexx.com/study/courses.
How to get into our trading chat: fondexx.com/analytics/traderhub.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

If you like my content, you can subscribe to the news and receive my fresh ideas.

Thanks for being with me!