Wall Street analysts forecast that Copart, Inc. (NASDAQ:CPRT) will report earnings per share of $0.51 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Copart’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.50. Copart reported earnings per share of $0.47 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The business is scheduled to report its next earnings report on Monday, February 25th.
On average, analysts expect that Copart will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.21. For the next fiscal year, analysts expect that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.25 to $2.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Copart.
Copart (NASDAQ:CPRT) last released its earnings results on Tuesday, November 20th. The business services provider reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Copart had a net margin of 24.59% and a return on equity of 29.95%. The firm had revenue of $461.40 million for the quarter, compared to the consensus estimate of $460.09 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised shares of Copart from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Monday, February 4th. SunTrust Banks set a $63.00 target price on shares of Copart and gave the stock a “buy” rating in a report on Friday, November 23rd. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Copart currently has a consensus rating of “Buy” and an average target price of $54.33.
In related news, Director Daniel J. Englander sold 80,000 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $49.53, for a total value of $3,962,400.00. Following the sale, the director now owns 555,128 shares in the company, valued at $27,495,489.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.99% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CPRT. Oregon Public Employees Retirement Fund increased its position in Copart by 2,981.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 2,984,019 shares during the last quarter. Janus Henderson Group PLC increased its position in Copart by 100.9% during the third quarter. Janus Henderson Group PLC now owns 2,723,298 shares of the business services provider’s stock valued at $140,331,000 after acquiring an additional 1,367,589 shares during the last quarter. FMR LLC increased its position in Copart by 26.1% during the second quarter. FMR LLC now owns 6,562,532 shares of the business services provider’s stock valued at $371,177,000 after acquiring an additional 1,357,722 shares during the last quarter. BlackRock Inc. increased its position in Copart by 7.7% during the third quarter. BlackRock Inc. now owns 14,359,271 shares of the business services provider’s stock valued at $739,932,000 after acquiring an additional 1,029,566 shares during the last quarter. Finally, Vanguard Group Inc increased its position in Copart by 3.8% during the third quarter. Vanguard Group Inc now owns 21,828,682 shares of the business services provider’s stock valued at $1,124,833,000 after acquiring an additional 795,115 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.
Shares of CPRT stock traded up $0.46 during mid-day trading on Monday, hitting $52.19. The company had a trading volume of 878,157 shares, compared to its average volume of 1,110,006. Copart has a 52-week low of $42.02 and a 52-week high of $67.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.92 and a current ratio of 3.00. The company has a market capitalization of $12.11 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91.
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.
Recommended Story: Debt-To-Equity Ratio
Get a free copy of the Zacks research report on Copart (CPRT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com