Analysts predict that Copart, Inc. (NASDAQ:CPRT) will post $0.65 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Copart’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.68. Copart posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year over year growth rate of 25%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Copart will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.85. For the next fiscal year, analysts forecast that the business will report earnings of $3.09 per share, with EPS estimates ranging from $2.95 to $3.14. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Copart.
Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, November 20th. The business services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.06. The business had revenue of $554.40 million during the quarter, compared to the consensus estimate of $544.46 million. Copart had a net margin of 32.59% and a return on equity of 34.06%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share.
In other Copart news, CEO A Jayson Adair sold 327,318 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $90.49, for a total value of $29,619,005.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.34% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Copart by 7.6% during the second quarter. BlackRock Inc. now owns 15,851,891 shares of the business services provider’s stock valued at $1,184,771,000 after buying an additional 1,114,752 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Copart by 1.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,011,968 shares of the business services provider’s stock valued at $823,034,000 after acquiring an additional 208,461 shares during the period. Morgan Stanley increased its position in shares of Copart by 64.3% in the 2nd quarter. Morgan Stanley now owns 5,865,640 shares of the business services provider’s stock valued at $438,398,000 after acquiring an additional 2,296,528 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Copart by 8.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,411,671 shares of the business services provider’s stock valued at $193,729,000 after acquiring an additional 196,523 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Copart by 8,848.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,459,779 shares of the business services provider’s stock worth $109,104,000 after acquiring an additional 1,443,466 shares during the last quarter. 77.98% of the stock is currently owned by institutional investors.
Shares of CPRT stock traded up $1.19 during mid-day trading on Thursday, hitting $88.24. 1,986,408 shares of the stock traded hands, compared to its average volume of 1,395,182. Copart has a 52-week low of $44.61 and a 52-week high of $92.41. The stock has a market cap of $20.51 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.62 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.30 and a quick ratio of 2.24. The stock’s fifty day moving average is $84.96 and its two-hundred day moving average is $78.40.
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.
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