Analysts expect Copart, Inc. (NASDAQ:CPRT) to report $0.56 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Copart’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.53. Copart reported earnings per share of $0.42 in the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, September 18th.
On average, analysts expect that Copart will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.24. For the next financial year, analysts forecast that the company will report earnings of $2.51 per share, with EPS estimates ranging from $2.40 to $2.65. Zacks’ EPS calculations are an average based on a survey of research firms that follow Copart.
Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, May 22nd. The business services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The company had revenue of $553.12 million during the quarter, compared to the consensus estimate of $535.62 million. Copart had a return on equity of 31.33% and a net margin of 28.12%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share.
A number of brokerages recently commented on CPRT. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Barrington Research restated a “hold” rating on shares of Copart in a report on Friday, May 24th. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. SunTrust Banks upped their target price on Copart to $78.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Guggenheim downgraded Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective for the company. in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $66.77.
In other Copart news, insider William E. Franklin sold 41,007 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $77.37, for a total value of $3,172,711.59. Following the completion of the transaction, the insider now owns 58,974 shares in the company, valued at $4,562,818.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William E. Franklin sold 8,993 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $75.01, for a total value of $674,564.93. Following the completion of the transaction, the insider now owns 26,960 shares of the company’s stock, valued at approximately $2,022,269.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 423,458 shares of company stock valued at $31,198,755. 15.99% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CPRT. Nomura Asset Management Co. Ltd. boosted its position in shares of Copart by 9.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 34,727 shares of the business services provider’s stock valued at $1,659,000 after acquiring an additional 3,039 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Copart by 22.5% in the fourth quarter. Bessemer Group Inc. now owns 3,270 shares of the business services provider’s stock worth $156,000 after acquiring an additional 601 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Copart by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,408,868 shares of the business services provider’s stock worth $67,316,000 after acquiring an additional 18,526 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of Copart by 9.1% in the fourth quarter. Natixis Advisors L.P. now owns 42,629 shares of the business services provider’s stock worth $2,036,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Copart by 4.2% in the fourth quarter. Stifel Financial Corp now owns 227,000 shares of the business services provider’s stock worth $10,856,000 after acquiring an additional 9,227 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.
Shares of Copart stock traded up $0.05 during midday trading on Friday, reaching $77.86. 62,235 shares of the company’s stock traded hands, compared to its average volume of 1,163,616. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07. The company has a market capitalization of $17.88 billion, a P/E ratio of 45.19, a PEG ratio of 1.75 and a beta of 0.85. The company’s 50 day moving average is $74.45. Copart has a 12 month low of $44.61 and a 12 month high of $78.21.
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.
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