$0.68 EPS Expected for Copart, Inc. (NASDAQ:CPRT) This Quarter

Equities research analysts expect that Copart, Inc. (NASDAQ:CPRT) will report earnings per share of $0.68 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Copart’s earnings, with estimates ranging from $0.62 to $0.72. Copart posted earnings per share of $0.65 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 18th.

On average, analysts expect that Copart will report full-year earnings of $2.88 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $3.00. For the next financial year, analysts anticipate that the firm will post earnings of $3.21 per share, with EPS estimates ranging from $2.90 to $3.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Copart.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 2nd. The business services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.31. Copart had a return on equity of 27.68% and a net margin of 31.73%. The company had revenue of $525.66 million during the quarter, compared to analyst estimates of $436.38 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Northcoast Research downgraded Copart from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 19th. Stephens upped their target price on Copart from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Monday, August 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on Copart from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Truist upped their target price on Copart from $95.00 to $110.00 in a research report on Monday, August 24th. Finally, BidaskClub raised Copart from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Copart currently has a consensus rating of “Buy” and an average target price of $93.10.

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV bought a new position in Copart during the 2nd quarter worth approximately $27,000. Berman Capital Advisors LLC lifted its holdings in Copart by 42.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 426 shares of the business services provider’s stock worth $35,000 after buying an additional 126 shares during the last quarter. Braun Bostich & Associates Inc. bought a new position in Copart during the 3rd quarter worth approximately $47,000. Orion Portfolio Solutions LLC lifted its holdings in Copart by 35.0% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 579 shares of the business services provider’s stock worth $48,000 after buying an additional 150 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in Copart by 525.0% during the 2nd quarter. Glenmede Trust Co. NA now owns 825 shares of the business services provider’s stock worth $68,000 after buying an additional 693 shares during the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CPRT traded down $0.46 on Monday, hitting $117.18. The company had a trading volume of 860,136 shares, compared to its average volume of 1,823,428. Copart has a 12-month low of $55.69 and a 12-month high of $118.56. The business has a 50 day moving average of $106.25 and a two-hundred day moving average of $90.05. The company has a quick ratio of 2.65, a current ratio of 2.71 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $27.65 billion, a P/E ratio of 39.99, a PEG ratio of 3.13 and a beta of 1.12.

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 and Estimates for Copart (NASDAQ:CPRT)

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