Copart (NASDAQ:CPRT) will be releasing its earnings data after the market closes on Wednesday, May 22nd. Analysts expect Copart to post earnings of $0.61 per share for the quarter.
Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Copart had a net margin of 25.75% and a return on equity of 30.20%. The company had revenue of $484.90 million during the quarter, compared to analysts’ expectations of $488.54 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts expect Copart to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
CPRT opened at $67.07 on Friday. Copart has a fifty-two week low of $44.61 and a fifty-two week high of $67.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.61. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 1.55 and a beta of 0.98.
A number of research firms have weighed in on CPRT. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 7th. ValuEngine raised shares of Copart from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. SunTrust Banks boosted their target price on shares of Copart to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Guggenheim cut shares of Copart from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $62.67.
In other news, EVP William E. Franklin sold 140,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the completion of the sale, the executive vice president now owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.99% of the stock is owned by insiders.
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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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