Wall Street brokerages expect that Copart, Inc. (NASDAQ:CPRT) will report earnings per share of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Copart’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.59. Copart posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.3%. The company is scheduled to report its next earnings report on Wednesday, May 22nd.
On average, analysts expect that Copart will report full year earnings of $2.15 per share for the current year, with EPS estimates ranging from $2.09 to $2.20. For the next financial year, analysts anticipate that the business will report earnings of $2.42 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Copart.
Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, February 20th. The business services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $484.90 million for the quarter, compared to analyst estimates of $488.54 million. Copart had a net margin of 25.75% and a return on equity of 30.20%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS.
Several equities analysts have commented on CPRT shares. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Monday, February 4th. BidaskClub downgraded shares of Copart from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine upgraded shares of Copart from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. SunTrust Banks boosted their target price on shares of Copart to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.25.
Copart stock opened at $65.18 on Friday. Copart has a fifty-two week low of $44.61 and a fifty-two week high of $67.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.61. The company has a market capitalization of $14.88 billion, a P/E ratio of 37.68, a P/E/G ratio of 1.52 and a beta of 0.95.
In related news, EVP William E. Franklin sold 140,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the completion of the transaction, the executive vice president now owns 157,967 shares in the company, valued at $9,231,591.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 15.99% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CPRT. Creative Planning raised its holdings in shares of Copart by 1.0% in the fourth quarter. Creative Planning now owns 21,403 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 211 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in Copart by 120.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after purchasing an additional 283 shares in the last quarter. TD Asset Management Inc. raised its holdings in Copart by 0.5% during the fourth quarter. TD Asset Management Inc. now owns 60,108 shares of the business services provider’s stock worth $2,872,000 after purchasing an additional 294 shares in the last quarter. ETF Managers Group LLC raised its holdings in Copart by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 2,535 shares of the business services provider’s stock worth $121,000 after purchasing an additional 345 shares in the last quarter. Finally, Suntrust Banks Inc. raised its holdings in Copart by 2.3% during the fourth quarter. Suntrust Banks Inc. now owns 17,696 shares of the business services provider’s stock worth $845,000 after purchasing an additional 394 shares in the last quarter. 85.26% of the stock is owned by hedge funds and other institutional investors.
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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