Copart Earnings Preview
After beating estimates last quarter by $0.04, Copart (NAS: CPRT) has set the standard for itself. The company will unveil its latest earnings on Monday, Feb. 27. Copart is a provider of online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Copart, with six out of eight analysts rating it a hold. While analysts still rate the stock a hold, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $218.5 million in revenue this quarter. That would represent a rise of 5.3% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.59 per share. Estimates range from $0.56 to $0.60.
What our community says:
CAPS All-Stars are solidly behind the stock, with 97.6% assigning it an outperform rating. The community at large is in line with the All-Stars, with 96.8% awarding it a rating of outperform. Even with a robust four out of five stars, Copart's CAPS rating falls a little short of the community's upbeat outlook.
Copart's profit has risen year over year by an average of 9.9% over the past five quarters. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on Copart's movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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