Analysts expect Copart, Inc. (NASDAQ: CPRT – Get a rating) to show $862.59 million in sales for the current quarter, Zacks reports. Four analysts released Copart earnings estimates. The highest sales estimate is $881.05 million and the lowest is $833.12 million. Copart reported sales of $733.91 million in the same quarter last year, suggesting a positive growth rate of 17.5% year over year. The company is expected to release its next results on Monday, January 1.
On average, analysts expect Copart to report annual revenue of $3.37 billion for the current fiscal year, with estimates ranging from $3.33 billion to $3.43 billion. dollars. For the next fiscal year, analysts expect the company to record sales of $3.61 billion, with estimates ranging from $3.54 billion to $3.63 billion. Zacks sales averages are an average average based on a survey of analysts who provide coverage for Copart.
Share (NASDAQ: CPRT – Get a rating) last released its quarterly earnings data on Wednesday, February 16. The business services provider reported earnings per share of $1.10 for the quarter, beating the consensus estimate of $1.04 by $0.06. The company posted revenue of $867.46 million in the quarter, compared to $806.99 million expected by analysts. Copart had a net margin of 34.51% and a return on equity of 28.18%. The company’s quarterly revenue increased by 40.6% compared to the same quarter last year. During the same quarter last year, the company posted EPS of $0.80.
Several brokerages have recently commented on CPRT. Robert W. Baird lowered his price target on Copart shares from $170.00 to $160.00 in a Friday, February 18 research report. StockNews.com began covering Copart stocks in a research report on Thursday, March 31. They set a “holding” rating for the company. Four investment analysts gave the stock a hold rating and one gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.33.
A number of hedge funds and other institutional investors have recently changed their stock holdings. CX Institutional increased its holdings in Copart by 1.1% during the third quarter. CX Institutional now owns 6,302 shares of the business services provider valued at $874,000 after purchasing an additional 69 shares during the period. Roundview Capital LLC increased its stake in Copart by 0.8% during the fourth quarter. Roundview Capital LLC now owns 10,564 shares of the business services provider valued at $1,602,000 after purchasing 83 additional shares during the period. YorkBridge Wealth Partners LLC increased its holdings in Copart by 3.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 2,924 shares of the business services provider valued at $443,000 after purchasing an additional 84 shares during the period. Pallas Capital Advisors LLC increased its stake in Copart by 1.4% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,978 shares of the business services provider valued at $757,000 after buying 85 additional shares during the period. Finally, Freedom Day Solutions LLC increased its stake in Copart by 0.5% in the fourth quarter. Freedom Day Solutions LLC now owns 17,400 shares of the business services provider valued at $2,638,000 after buying 90 additional shares in the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s shares.
CPRT opened at $114.11 on Wednesday. Copart has a 1-year low of $106.37 and a 1-year high of $161.12. The company has a 50-day moving average price of $122.17 and a two-hundred-day moving average price of $135.85. The company has a current ratio of 5.24, a quick ratio of 5.11 and a debt ratio of 0.10. The stock has a market capitalization of $27.10 billion, a PE ratio of 25.25 and a beta of 1.13.
About Copart (Get a rating)
Copart, Inc. provides online auctions and vehicle remarketing services. It offers a range of services for the processing and sale of vehicles over the Internet through its third-generation virtual Internet auction technology on behalf of vehicle sellers, insurance companies, banks and financial companies. , charities, fleet operators and dealerships, as well as individual owners.
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