Analysts expect Copart, Inc. (NASDAQ:CPRT) to report sales of $355.48 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Copart’s earnings. The lowest sales estimate is $350.77 million and the highest is $364.25 million. Copart reported sales of $332.66 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The business is expected to announce its next earnings results on Tuesday, September 19th.
According to Zacks, analysts expect that Copart will report full year sales of $355.48 million for the current year, with estimates ranging from $1.42 billion to $1.45 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.55 billion per share, with estimates ranging from $1.51 billion to $1.64 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Copart.
Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, May 24th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $373.90 million for the quarter, compared to analyst estimates of $386.61 million. Copart had a net margin of 29.10% and a return on equity of 33.20%. Copart’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS.
Several equities analysts have weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $30.00 target price on shares of Copart in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Tuesday, April 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Copart currently has an average rating of “Hold” and a consensus target price of $48.80.
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Copart (NASDAQ CPRT) traded up 0.51% during trading on Friday, reaching $31.65. 707,766 shares of the company’s stock traded hands. Copart has a 1-year low of $24.71 and a 1-year high of $32.17. The firm has a market capitalization of $7.29 billion, a PE ratio of 18.29 and a beta of 1.22. The firm has a 50 day moving average of $31.40 and a 200 day moving average of $43.31.
Several large investors have recently modified their holdings of CPRT. Legacy Private Trust Co. increased its stake in shares of Copart by 53.8% in the first quarter. Legacy Private Trust Co. now owns 42,377 shares of the business services provider’s stock worth $2,624,000 after buying an additional 14,828 shares during the period. Private Trust Co. NA purchased a new stake in shares of Copart during the first quarter worth approximately $474,000. BKD Wealth Advisors LLC purchased a new stake in shares of Copart during the first quarter worth approximately $289,000. Americafirst Capital Management LLC purchased a new stake in shares of Copart during the first quarter worth approximately $497,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Copart by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 25,800 shares of the business services provider’s stock worth $1,598,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 41.38% of the company’s stock.
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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