Equities analysts forecast that Copart, Inc. (NASDAQ:CPRT) will report $538.23 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Copart’s earnings, with the highest sales estimate coming in at $570.30 million and the lowest estimate coming in at $521.17 million. Copart posted sales of $478.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is scheduled to issue its next earnings results on Wednesday, May 22nd.
According to Zacks, analysts expect that Copart will report full-year sales of $1.99 billion for the current year, with estimates ranging from $1.95 billion to $2.05 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.17 billion, with estimates ranging from $2.10 billion to $2.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Copart.
Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, February 20th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Copart had a net margin of 25.75% and a return on equity of 30.20%. The business had revenue of $484.90 million during the quarter, compared to analyst estimates of $488.54 million. During the same period in the previous year, the business posted $0.47 earnings per share. Copart’s revenue for the quarter was up 5.6% on a year-over-year basis.
In other Copart news, Director Daniel J. Englander sold 80,000 shares of Copart stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $49.53, for a total transaction of $3,962,400.00. Following the transaction, the director now directly owns 555,128 shares of the company’s stock, valued at $27,495,489.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William E. Franklin sold 140,000 shares of Copart stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $58.44, for a total transaction of $8,181,600.00. Following the transaction, the executive vice president now directly owns 157,967 shares in the company, valued at $9,231,591.48. The disclosure for this sale can be found here. Company insiders own 15.99% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. CSat Investment Advisory L.P. increased its stake in shares of Copart by 120.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after buying an additional 283 shares during the period. Doyle Wealth Management purchased a new position in shares of Copart in the fourth quarter worth $29,000. Lindbrook Capital LLC purchased a new position in shares of Copart in the fourth quarter worth $41,000. First Personal Financial Services increased its stake in shares of Copart by 142.6% in the fourth quarter. First Personal Financial Services now owns 1,368 shares of the business services provider’s stock worth $65,000 after buying an additional 804 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of Copart in the fourth quarter worth $84,000. 83.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Copart stock opened at $59.25 on Friday. Copart has a 1 year low of $44.61 and a 1 year high of $67.08. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.61.
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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