Copart (CPRT) Set to Announce Quarterly Earnings on Wednesday

Copart (NASDAQ:CPRT – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 18th. Analysts expect Copart to post earnings of $1.15 per share for the quarter.

Copart (NASDAQ:CPRT – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The business services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Copart had a net margin of 34.51% and a return on equity of 28.18%. The firm had revenue of $867.46 million for the quarter, compared to analyst estimates of $806.99 million. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, analysts expect Copart to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Copart stock opened at $107.99 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.11 and a current ratio of 5.24. The company has a market capitalization of $25.65 billion, a P/E ratio of 23.89 and a beta of 1.13. The company’s fifty day moving average is $119.84 and its two-hundred day moving average is $133.25. Copart has a 1 year low of $105.41 and a 1 year high of $161.12.

CPRT has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of Copart in a research note on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird dropped their price objective on Copart from $170.00 to $160.00 in a research note on Friday, February 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Copart presently has a consensus rating of “Hold” and a consensus target price of $162.33.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Panagora Asset Management Inc. increased its position in shares of Copart by 14.6% in the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 1,079 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Copart by 1,212.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 2,873 shares during the period. Forum Financial Management LP acquired a new stake in shares of Copart in the 4th quarter valued at $212,000. NewEdge Advisors LLC lifted its holdings in shares of Copart by 163.5% in the fourth quarter. NewEdge Advisors LLC now owns 3,818 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Toroso Investments LLC boosted its holdings in shares of Copart by 17.4% during the fourth quarter. Toroso Investments LLC now owns 3,895 shares of the business services provider’s stock worth $591,000 after acquiring an additional 578 shares during the period. 87.14% of the stock is owned by institutional investors.

Copart Company Profile (Get Rating)

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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