Copart (NASDAQ:CPRT - Get Free Report) is set to announce its earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Copart (NASDAQ:CPRT - Get Free Report) last posted 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $0.34 EPS. Copart's revenue for the quarter was up 7.2% 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.
Copart Price Performance
Shares of CPRT stock traded down $0.59 during trading hours on Thursday, reaching $57.34. 3,226,197 shares of the stock were exchanged, compared to its average volume of 4,399,579. Copart has a 12-month low of $46.21 and a 12-month high of $58.58. The business's fifty day moving average is $52.69 and its two-hundred day moving average is $53.08. The firm has a market capitalization of $55.24 billion, a P/E ratio of 41.57 and a beta of 1.27.
Analyst Ratings Changes
Separately, Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, September 5th.
Read Our Latest Research Report on CPRT
About Copart
(
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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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