Northcoast Research Comments on Copart, Inc.’s FY2020 Earnings (CPRT)
Copart, Inc. (NASDAQ:CPRT) – Investment analysts at Northcoast Research issued their FY2020 earnings per share (EPS) estimates for Copart in a research report issued to clients and investors on Monday, September 17th. Northcoast Research analyst J. Healy anticipates that the business services provider will post earnings per share of $2.68 for the year. Northcoast Research has a “Neutral” rating on the stock.
Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 19th. The business services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). Copart had a return on equity of 31.21% and a net margin of 21.81%. The company had revenue of $449.20 million during the quarter, compared to analyst estimates of $448.64 million. During the same period last year, the company posted $0.35 earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year.
NASDAQ CPRT opened at $55.58 on Thursday. Copart has a 1-year low of $33.30 and a 1-year high of $67.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.27 and a current ratio of 2.33. The firm has a market capitalization of $14.91 billion, a PE ratio of 43.09, a P/E/G ratio of 1.29 and a beta of 0.94.
In other Copart news, insider William E. Franklin sold 90,000 shares of the stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $58.94, for a total transaction of $5,304,600.00. Following the transaction, the insider now directly owns 107,462 shares of the company’s stock, valued at $6,333,810.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CPRT. Cornerstone Advisors Inc. boosted its holdings in Copart by 88.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 926 shares during the period. Financial Architects Inc boosted its holdings in Copart by 211.7% during the second quarter. Financial Architects Inc now owns 2,668 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 1,812 shares during the period. Atlantic Trust LLC bought a new stake in Copart during the second quarter valued at about $165,000. CENTRAL TRUST Co boosted its holdings in Copart by 1,457.5% during the second quarter. CENTRAL TRUST Co now owns 3,115 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 2,915 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Copart by 119.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 1,850 shares during the period. 83.11% of the stock is currently owned by hedge funds and other institutional investors.
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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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