Cramer's Lightning Round: Diamondback Energy is a buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Source: CNBC
BHP Group and Diamondback Energy Recommendations: BHP Group is recommended as a strong buy, while Diamondback Energy receives an enthusiastic "buy" call from Jim Cramer.
AMC Entertainment and Copart Insights: Cramer advises selling AMC Entertainment if it reaches six, and expresses the need for a pullback before considering Copart as a good investment.
Analyst Views on CPRT
Wall Street analysts forecast CPRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPRT is 43.33 USD with a low forecast of 33.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 41.270
Low
33.00
Averages
43.33
High
52.00
Current: 41.270
Low
33.00
Averages
43.33
High
52.00
About CPRT
Copart, Inc. is a provider of online auctions and vehicle remarketing services. The Company provides vehicle sellers with a full range of services to process and sell vehicles over the internet through the Company’s Virtual Bidding Third Generation (VB3) internet auction-style sales technology. The Company sells principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and directly to the general public. Vehicle sellers consist primarily of insurance companies, but also include dealers, individuals, charities, rental, banks, finance companies, and fleet operators. It operates more than 200 locations in 11 countries and has more than 175,000 vehicles up for auction every day. The Company operates in United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It operates both as an agent and on a principal basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
