Copart, Inc. (CPRT) Expected to Post Earnings of $0.37 Per Share
Analysts expect Copart, Inc. (NASDAQ:CPRT) to announce earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Copart’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.34. Copart posted 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 results on Tuesday, February 20th.
On average, 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 financial year, analysts forecast that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.65 to $2.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 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 Thomson Reuters’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The business had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. During the same quarter in the prior year, the company posted $0.29 EPS.
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. Copart has a twelve month low of $28.44 and a twelve month high of $46.09. The firm has a market cap of $9,608.37, a price-to-earnings ratio of 32.45, a PEG ratio of 1.35 and a beta of 1.12. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.
In related news, Director Matt Blunt sold 116,667 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the 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 currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its position in Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares in the last quarter. Crow Point Partners LLC acquired a new stake in Copart in the 3rd quarter valued at about $198,000. Private Advisor Group LLC acquired a new stake in Copart in the 3rd quarter valued at about $200,000. Sapphire Star Partners LP acquired a new stake in Copart in the 3rd quarter valued at about $205,000. Finally, Cookson Peirce & Co. Inc. raised its position in Copart by 104.8% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,614 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,384 shares in the last quarter. 77.81% of the stock is currently owned by institutional investors.
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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