CPRT Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: CPRT's consistent historical growth and a projected 1.27% increase suggest optimism. The low implied volatility and strong call option volume indicate investor confidence, setting the stage for potential price appreciation.




Bearish Case: High price-to-book ratios and recent insider selling signal potential overvaluation. The current market uncertainty, coupled with historical mean-reverting patterns, suggests risks of a price correction.




Potential Outcomes:

1. Price remains stable or appreciates due to investor confidence (40%).

2. Price correction from overvaluation (30%).

3. Minor fluctuations with no major changes (20%).

4. Significant decline due to macroeconomic impacts (10%).




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December 04, 2024


Copart Forecast

CPRT        Copart











Correlated Assets

Assets that tend to move strongly with CPRT



EMR Forecast + Options Trading Strategies   EMR  Emerson Electric (0.79)


REAL Forecast + Options Trading Strategies   REAL  Therealreal (0.78)


RJF Forecast + Options Trading Strategies   RJF  Raymond James Financial (0.75)


TRMB Forecast + Options Trading Strategies   TRMB  Trimble (0.74)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.73)



Uncorrelated Assets

Assets with little price relationship to CPRT



SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (0.0)


BBAI Forecast + Options Trading Strategies   BBAI  BigBear.ai (0.0)


RGR Forecast + Options Trading Strategies   RGR  Sturm, Ruger & Co. (-0.01)


CLF Forecast + Options Trading Strategies   CLF  Cleveland-Cliffs (0.01)


RIG Forecast + Options Trading Strategies   RIG  Transocean (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against CPRT



IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.65)


WPC Forecast + Options Trading Strategies   WPC  W. P. Carey (-0.67)


FLGT Forecast + Options Trading Strategies   FLGT  Fulgent Genetics (-0.7)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.71)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.8)









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