Copart, Inc. (NASDAQ:CPRT) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 20th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Copart had a return on equity of 26.81% and a net margin of 18.59%. The company had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $355.42 million. During the same period last year, the business earned $0.31 earnings per share. Copart’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts expect Copart to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Copart, Inc. (NASDAQ:CPRT) opened at $35.85 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.94 and a quick ratio of 1.91. Copart, Inc. has a 1-year low of $26.41 and a 1-year high of $36.76. The company has a market capitalization of $8,286.83, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.
In other Copart news, Director James E. Meeks sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the sale, the director now directly owns 3,500 shares of the company’s stock, valued at $120,155. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Vincent W. Mitz sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $34.32, for a total value of $6,864,000.00. Following the completion of the sale, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.
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Several analysts have commented on CPRT shares. Zacks Investment Research lowered Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird raised their price objective on Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Wolfe Research started coverage on Copart in a report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Finally, CJS Securities reissued an “outperform” rating and issued a $42.00 price objective on shares of Copart in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.33.
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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