Analysts Anticipate Copart, Inc. (CPRT) to Post $0.37 Earnings Per Share

Analysts expect that Copart, Inc. (NASDAQ:CPRT) will report earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Copart’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.43. Copart reported earnings per share of $0.29 in the same quarter last year, which indicates a positive year over year growth rate of 27.6%. The company is expected to announce its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Copart will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.47 to $1.58. For the next fiscal year, analysts forecast that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.65 to $2.06. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Copart.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. The firm had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. Copart had a return on equity of 29.96% and a net margin of 20.01%. During the same quarter last year, the firm posted $0.29 earnings per share.

CPRT has been the topic of several research reports. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, November 21st. BidaskClub lowered Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Stephens upgraded Copart from an “equal” rating to a “weight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 24th. Finally, Gabelli reiterated a “hold” rating on shares of Copart in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Copart presently has an average rating of “Hold” and a consensus target price of $44.17.

Shares of Copart (NASDAQ CPRT) traded up $0.79 during trading on Monday, hitting $41.54. The stock had a trading volume of 1,363,000 shares, compared to its average volume of 980,011. The stock has a market capitalization of $9,608.37, a price-to-earnings ratio of 32.45, a P/E/G ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.26. Copart has a 1 year low of $28.44 and a 1 year high of $46.09.

In other Copart news, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total value of $4,895,347.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc boosted its holdings in Copart by 216.3% in the third quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after acquiring an additional 3,755 shares in the last quarter. Crow Point Partners LLC acquired a new stake in Copart in the third quarter worth about $198,000. Private Advisor Group LLC acquired a new stake in Copart in the third quarter worth about $200,000. Sapphire Star Partners LP acquired a new stake in Copart in the third quarter worth about $205,000. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Copart by 104.8% in the second quarter. Cookson Peirce & Co. Inc. now owns 6,614 shares of the business services provider’s stock worth $210,000 after acquiring an additional 3,384 shares in the last quarter. 77.81% of the stock is owned by institutional investors and hedge funds.

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Copart Company Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

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Earnings History and Estimates for Copart (NASDAQ:CPRT)

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