Brokerages expect Copart, Inc. (NASDAQ:CPRT) to announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Copart’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.51. Copart reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The company is expected to issue its next earnings report on Tuesday, November 20th.

On average, analysts expect that Copart will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.03 to $2.22. For the next fiscal year, analysts anticipate that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.18 to $2.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Copart.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 19th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Copart had a return on equity of 29.92% and a net margin of 23.14%. The business had revenue of $449.20 million during the quarter, compared to analysts’ expectations of $448.64 million. During the same period in the previous year, the business earned $0.35 EPS. The business’s revenue was up 18.6% compared to the same quarter last year.

A number of analysts recently commented on CPRT shares. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, September 18th. BidaskClub lowered Copart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 4th. Gabelli raised Copart from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th. Northcoast Research reaffirmed a “neutral” rating on shares of Copart in a research note on Monday, September 17th. Finally, SunTrust Banks set a $63.00 price target on Copart and gave the stock a “buy” rating in a research note on Thursday, September 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.14.

Shares of CPRT stock opened at $50.38 on Wednesday. Copart has a 52 week low of $35.32 and a 52 week high of $67.08. The firm has a market capitalization of $11.97 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.00. The company has a quick ratio of 2.27, a current ratio of 2.56 and a debt-to-equity ratio of 0.25.

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors Inc. lifted its position 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 buying an additional 926 shares during the period. Financial Architects Inc lifted its position 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 buying an additional 1,812 shares during the period. Atlantic Trust LLC purchased a new position in Copart during the second quarter valued at $165,000. CENTRAL TRUST Co lifted its position 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 buying an additional 2,915 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its position 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 buying an additional 1,850 shares during the period. 83.11% of the stock is owned by institutional investors.

About Copart

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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Earnings History and Estimates for Copart (NASDAQ:CPRT)

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