Copart (CPRT) to Release Earnings on Thursday

Copart (NASDAQ:CPRT) is scheduled to release its earnings data after the market closes on Thursday, November 21st. Analysts expect Copart to post earnings of $0.37 per share for the quarter.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect Copart to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Copart Price Performance

Shares of CPRT opened at $57.93 on Thursday. Copart has a 12 month low of $46.21 and a 12 month high of $58.58. The stock’s 50-day moving average is $52.69 and its two-hundred day moving average is $53.08. The stock has a market cap of $55.81 billion, a PE ratio of 41.68 and a beta of 1.27.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

About Copart

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.