Copart (CPRT) Set to Announce Quarterly Earnings on Thursday

Copart (NASDAQ:CPRT) is scheduled to be releasing its earnings data after the market closes on Thursday, November 21st. Analysts expect Copart to post earnings of $0.37 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. On average, analysts expect Copart to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Copart Stock Down 0.2 %

NASDAQ CPRT opened at $56.52 on Wednesday. Copart has a twelve month low of $46.21 and a twelve month high of $58.58. The business has a 50-day moving average price of $53.27 and a 200-day moving average price of $53.12. The firm has a market cap of $54.45 billion, a price-to-earnings ratio of 40.66 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPRT. JPMorgan Chase & Co. upped their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird dropped their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.

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.