Copart (CPRT) Set to Announce Quarterly Earnings on Thursday

Copart (NASDAQ:CPRT) will announce its earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

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

Copart Trading Down 0.2 %

Shares of CPRT opened at $56.52 on Wednesday. The company’s fifty day simple moving average is $53.27 and its 200-day simple moving average is $53.12. The company has a market cap of $54.45 billion, a P/E ratio of 40.66 and a beta of 1.27. Copart has a twelve month low of $46.21 and a twelve month high of $58.58.

Analyst Ratings Changes

CPRT has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday.

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.