Copart Inc reports results for the quarter ended in July 31 - Earnings Summary

Copart

04/09/2024 22:02

* Copart Inc  CPRT.OQ  reported quarterly adjusted earnings
of 33
cents​​ per share for the quarter ended July 31, lower than the
same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of six analysts for the quarter was
for earnings of 36 cents per share. Wall Street expected
results to range from 35 cents to 38 cents per share.
    * Revenue rose 7.2% to $1.07 billion from a year ago;
analysts
expected $1.08 billion. 
    * Copart Inc's reported EPS for the quarter was 33 cents​.
    * The company reported quarterly net income of $322.57
million.
    * Copart Inc shares had fallen by 1.2% this quarter and
gained 9.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$60.17 
This summary was machine generated from LSEG data September 4 at
09:01 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
 Jul. 31 2024      0.36           0.33           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