Wall Street analysts expect that Copart, Inc. (NASDAQ:CPRT) will announce sales of $460.34 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Copart’s earnings. The lowest sales estimate is $445.29 million and the highest is $471.79 million. Copart reported sales of $419.17 million during the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is expected to announce its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Copart will report full year sales of $1.96 billion for the current financial year, with estimates ranging from $1.89 billion to $2.05 billion. For the next financial year, analysts expect that the business will post sales of $2.13 billion, with estimates ranging from $1.98 billion to $2.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Copart.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 19th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $448.64 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis.

A number of research analysts have issued reports on CPRT shares. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, September 18th. BidaskClub lowered shares of Copart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 4th. Gabelli upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Thursday, September 20th. Northcoast Research restated a “neutral” rating on shares of Copart in a research report on Monday, September 17th. Finally, SunTrust Banks set a $63.00 target price on shares of Copart and gave the stock a “buy” rating in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $55.14.

Shares of NASDAQ:CPRT traded down $0.09 on Friday, reaching $50.99. 1,213,700 shares of the company’s stock were exchanged, compared to its average volume of 2,067,926. Copart has a twelve month low of $35.32 and a twelve month high of $67.08. The firm has a market cap of $11.97 billion, a PE ratio of 29.47, a PEG 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.

Several hedge funds and other institutional investors have recently bought and sold shares of CPRT. Nisa Investment Advisors LLC lifted its stake in Copart by 50.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 172,717 shares of the business services provider’s stock valued at $8,900,000 after purchasing an additional 57,577 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in Copart by 10.9% in the 3rd quarter. Gateway Investment Advisers LLC now owns 115,920 shares of the business services provider’s stock valued at $5,973,000 after purchasing an additional 11,388 shares during the last quarter. First Hawaiian Bank bought a new position in Copart in the 3rd quarter valued at approximately $117,000. Bank of Montreal Can lifted its stake in Copart by 88.2% in the 3rd quarter. Bank of Montreal Can now owns 214,279 shares of the business services provider’s stock valued at $11,042,000 after purchasing an additional 100,420 shares during the last quarter. Finally, Clinton Group Inc. bought a new position in Copart in the 3rd quarter valued at approximately $4,424,000. Institutional investors and hedge funds own 83.11% of the company’s stock.

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 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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