Copart (CPRT) to Release Earnings on Thursday

Copart (NASDAQ:CPRT) is expected to be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect Copart to post earnings of $0.38 per share and revenue of $1.13 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 12.4% 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 Stock Up 0.3 %

Shares of CPRT stock opened at $59.74 on Thursday. Copart has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $57.56 billion, a price-to-earnings ratio of 42.07 and a beta of 1.33. The firm has a fifty day moving average of $58.14 and a 200-day moving average of $55.59.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

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.