Copart, Inc. (CPRT) Expected to Post Q3 2019 Earnings of $0.62 Per Share
Copart, Inc. (NASDAQ:CPRT) – Barrington Research issued their Q3 2019 earnings per share (EPS) estimates for shares of Copart in a report issued on Wednesday. Barrington Research analyst G. Prestopino expects that the business services provider will post earnings of $0.62 per share for the quarter. Barrington Research has a “Hold” rating on the stock. Barrington Research also issued estimates for Copart’s Q4 2019 earnings at $0.53 EPS.
Several other analysts have also recently issued reports on CPRT. Stephens set a $54.00 target price on Copart and gave the company a “buy” rating in a research report on Tuesday, February 27th. Jefferies Group reaffirmed a “hold” rating and set a $47.00 target price on shares of Copart in a research report on Tuesday, February 27th. Consumer Edge raised Copart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 27th. BidaskClub raised Copart from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $46.17.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.09. The company had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $427.11 million. Copart had a return on equity of 30.94% and a net margin of 20.95%. Copart’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share.
Several institutional investors have recently bought and sold shares of CPRT. APG Asset Management N.V. acquired a new stake in shares of Copart in the 3rd quarter worth $3,684,000. Fox Run Management L.L.C. purchased a new position in Copart in the 3rd quarter worth $409,000. Raymond James Financial Services Advisors Inc. purchased a new position in Copart in the 3rd quarter worth $544,000. Crossmark Global Holdings Inc. purchased a new position in Copart in the 3rd quarter worth $815,000. Finally, Victory Capital Management Inc. raised its stake in Copart by 4.6% in the 3rd quarter. Victory Capital Management Inc. now owns 67,949 shares of the business services provider’s stock worth $2,335,000 after acquiring an additional 2,970 shares during the last quarter. 77.97% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/copart-inc-cprt-expected-to-post-q3-2019-earnings-of-0-62-per-share/1906399.html.
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.
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.