Copart, Inc. is a provider of online auctions and vehicle remarketing services. Co. offers services to process and sell vehicles to dealers, dismantlers, rebuilders, exporters and to the general public. It sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. It has approximately 250,000 vehicles available online every day with operations at over 200 locations in 11 countries, including the U.S., Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain and Spain.
When researching a stock like Copart, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CPRT Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CPRT stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CPRT 200 day moving average ("CPRT 200 DMA"), while one of the most popular "shorter look-backs" is the CPRT 50 day moving average ("CPRT 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Copart. |
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Video: Technical Analysis