Analysts predict that Copart, Inc. (NASDAQ:CPRT) will post sales of $437.04 million for the current quarter, according to Zacks. Four analysts have issued estimates for Copart’s earnings. The highest sales estimate is $442.03 million and the lowest is $432.97 million. Copart posted sales of $349.53 million during the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The firm is expected to report its next earnings report on Tuesday, February 20th.
On average, analysts expect that Copart will report full-year sales of $437.04 million for the current fiscal year, with estimates ranging from $1.65 billion to $1.71 billion. For the next year, analysts anticipate that the company will post sales of $1.79 billion per share, with estimates ranging from $1.74 billion to $1.88 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Copart.
Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Copart had a net margin of 20.01% and a return on equity of 29.96%. The business had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. During the same quarter last year, the firm posted $0.29 earnings per share.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Copart from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Stephens set a $49.00 price target on shares of Copart and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 price target on shares of Copart in a research note on Friday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Copart from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.33.
Copart (CPRT) traded up $0.73 during midday trading on Wednesday, hitting $46.47. 2,262,602 shares of the stock traded hands, compared to its average volume of 1,090,000. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Copart has a twelve month low of $28.44 and a twelve month high of $46.62. The stock has a market capitalization of $10,920.00, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.12.
In other news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $41.96, for a total transaction of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in shares of Copart during the 4th quarter worth approximately $101,000. YorkBridge Wealth Partners LLC purchased a new stake in shares of Copart during the 4th quarter worth approximately $108,000. Captrust Financial Advisors purchased a new stake in shares of Copart during the 4th quarter worth approximately $172,000. IFP Advisors Inc lifted its position in shares of Copart by 216.3% during the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock worth $189,000 after buying an additional 3,755 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Copart during the 4th quarter worth approximately $196,000. Institutional investors and hedge funds own 77.81% of the company’s stock.
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Copart Company Profile
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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