Copart, Inc. (CPRT) Posts Earnings Results, Beats Estimates By $0.06 EPS
Copart, Inc. (NASDAQ:CPRT) posted its quarterly earnings data on Monday. The business services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06, RTT News reports. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $355.42 million. Copart had a return on equity of 33.20% and a net margin of 29.10%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share.
Shares of Copart (NASDAQ:CPRT) traded down 0.97% during trading on Tuesday, reaching $32.54. The company’s stock had a trading volume of 1,907,314 shares. The stock’s 50 day moving average price is $31.93 and its 200-day moving average price is $36.82. Copart has a 52-week low of $24.91 and a 52-week high of $33.10. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 18.78 and a beta of 1.19.
A number of equities analysts recently commented on CPRT shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Copart in a research note on Thursday, July 6th. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Copart presently has an average rating of “Hold” and an average price target of $47.75.
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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