CPRT

CCC Intelligent Solutions shares surged 8% on Monday following reports that Elliott Investment Management and private equity firm GTCR are in advanced discussions to acquire the software company that serves the auto insurance industry. Bloomberg reported a deal could be announced this week, though no agreement has been finalized. Previously, Copart was also reported to be in acquisition talks with CCC.

Copart, Inc. (CPRT) closed at $27.65, up 1.58% on the day but down 19.28% over the past month. The company is expected to report earnings of $0.41 per share with no growth from the prior year, while revenue is projected at $1.18 billion, up 2.41% year-over-year. CPRT holds a Zacks Rank #3 (Hold) with a Forward P/E of 16.52, trading at a discount to its industry average of 24.94.