Copart Inc reports results for the quarter ended in April - Earnings Summary

Copart

16/05/2024 22:37

* Copart Inc  CPRT.OQ  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of six analysts for the quarter was
for earnings of 39 cents per share. Wall Street expected
results to range from 38 cents to 40 cents per share.
    * Revenue rose 10.3% to $1.13 billion from a year ago;
analysts
expected $1.11 billion. 
    * Copart Inc's reported EPS for the quarter was 39 cents​.
    * The company reported quarterly net income of $382.29
million.
    * Copart Inc shares had fallen by 4.5% this quarter and
gained 12.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Copart Inc is
$58.00 
This summary was machine generated from LSEG data May 16 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.39           0.39           Met
 Jan. 31 2024      0.35           0.33           Missed
 Oct. 31 2023      0.33           0.34           Beat
 Jul. 31 2023      0.32           0.34           Beat