Equities analysts expect Copart, Inc. (NASDAQ:CPRT) to report earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Copart’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.55. Copart reported earnings of $0.47 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 19th.
According to Zacks, analysts expect that Copart will report full-year earnings of $2.61 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.66. For the next year, analysts expect that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.70 to $2.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Copart.
Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Copart had a return on equity of 33.84% and a net margin of 28.98%. The business had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. During the same period in the previous year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year.
In other news, insider William E. Franklin sold 41,007 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $77.37, for a total transaction of $3,172,711.59. Following the sale, the insider now directly owns 58,974 shares in the company, valued at $4,562,818.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 15.99% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position 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 period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Copart by 1.9% during the second 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 buying an additional 208,461 shares during the period. Principal Financial Group Inc. increased its position in shares of Copart by 0.9% during the first quarter. Principal Financial Group Inc. now owns 7,397,459 shares of the business services provider’s stock valued at $448,211,000 after buying an additional 63,195 shares during the period. FMR LLC increased its position in shares of Copart by 17.2% during the first quarter. FMR LLC now owns 7,226,373 shares of the business services provider’s stock valued at $437,846,000 after buying an additional 1,059,798 shares during the period. Finally, Morgan Stanley increased its position in shares of Copart by 64.3% during the second quarter. Morgan Stanley now owns 5,865,640 shares of the business services provider’s stock valued at $438,398,000 after buying an additional 2,296,528 shares during the period. Hedge funds and other institutional investors own 81.98% of the company’s stock.
Copart stock traded down $0.65 during midday trading on Friday, reaching $81.04. The stock had a trading volume of 930,428 shares, compared to its average volume of 1,323,155. Copart has a 12 month low of $44.61 and a 12 month high of $83.70. The firm’s 50-day moving average price is $77.71 and its 200 day moving average price is $71.29. The firm has a market capitalization of $18.92 billion, a PE ratio of 36.02, a P/E/G ratio of 1.58 and a beta of 0.85. The company has a quick ratio of 1.99, a current ratio of 2.07 and a debt-to-equity ratio of 0.25.
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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