Copart (CPRT) to Release Quarterly Earnings on Monday

Copart (NASDAQ:CPRT) will be announcing its earnings results after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million for the quarter, compared to the consensus estimate of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, analysts expect Copart to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Copart (CPRT) opened at $41.54 on Monday. The stock has a market cap of $9,610.00, 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 12 month low of $28.44 and a 12 month high of $46.09.

Several brokerages have recently weighed in on CPRT. Stephens set a $49.00 target price on shares of Copart and gave the company a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, November 21st. Wolfe Research began coverage on shares of Copart in a research note on Tuesday, November 7th. They issued a “market perform” rating on the stock. BidaskClub downgraded shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, Jefferies Group increased their target price on shares of Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Copart presently has an average rating of “Hold” and an average target price of $44.17.

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

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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.

Earnings History for Copart (NASDAQ:CPRT)

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