Copart (CPRT) to Release Quarterly Earnings on Thursday

Copart (NASDAQ:CPRT) will be announcing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Copart Trading Down 0.1 %

Shares of Copart stock opened at $56.63 on Tuesday. The firm has a market capitalization of $54.56 billion, a PE ratio of 40.74 and a beta of 1.27. The firm’s 50 day moving average is $53.13 and its 200 day moving average is $53.11. Copart has a 1 year low of $46.21 and a 1 year high of $58.58.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a 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.