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

Copart

23/02/2024 03:02

* Copart Inc  CPRT.OQ  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 31
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 35 cents per share. Wall Street expected
results to range from 32 cents to 37 cents per share.
    * Revenue rose 6.6% to $1.02 billion from a year ago;
analysts
expected $1.03 billion. 
    * Copart Inc's reported EPS for the quarter was 33 cents​.
    * The company reported quarterly net income of $325.64
million.
    * Copart Inc shares had fallen by 0.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 8 "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
$56.50 
This summary was machine generated from LSEG data February 23 at
03:02 a.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
 Jan. 31 2024      0.35           0.33           Missed
 Oct. 31 2023      0.33           0.34           Beat
 Jul. 31 2023      0.32           0.34           Beat
 Apr. 30 2023      0.32           0.36           Beat