Copart (CPRT) Set to Announce Earnings on Wednesday

Copart (NASDAQ:CPRT) is scheduled to announce its earnings results after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Copart had a net margin of 28.98% and a return on equity of 32.83%. The firm had revenue of $542.60 million for the quarter, compared to the consensus estimate of $517.84 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. On average, analysts expect Copart to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ CPRT opened at $85.99 on Monday. Copart has a 12 month low of $44.61 and a 12 month high of $86.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 2.36. The company has a market capitalization of $19.94 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 1.60 and a beta of 0.81. The company’s fifty day moving average price is $81.95 and its two-hundred day moving average price is $76.35.

A number of research analysts have commented on CPRT shares. Guggenheim upgraded shares of Copart from a “neutral” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Friday, October 18th. ValuEngine cut shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barrington Research reissued a “hold” rating on shares of Copart in a report on Wednesday, September 11th. Robert W. Baird set a $85.00 target price on shares of Copart and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, BidaskClub cut shares of Copart from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.40.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Earnings History for Copart (NASDAQ:CPRT)

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