Copart, Inc. (NASDAQ:CPRT) is expected to report first quarter earnings results, after market close, on Wednesday 18th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.71 per share.
Looking ahead, the full year income are expected at $ 2.93 per share on the revenues of $ 2426.75 million.
Previous Quarter Performance
Copart, Inc. outlined income for the fourth quarter of $ 0.69 per share, from the revenue of $ 525.66 million. The quarterly earnings grew 15.00 percent while revenues decreased 3.12 percent compared with the same quarter last year.
Wall street analysts are predicting, CPRT to report 4Q20 income of $ 0.39 per share from revenue of $ 433.77 million. The bottom line results beat street analysts by $ 0.3 or 76.92 percent, at the same time, top line results outshined analysts by $ 91.89 million or 21.18 percent.
Stock Performance
Shares of Copart, Inc. traded up $ 0.14 or 0.12 percent on Tuesday, reaching $ 116.19 with volume of 1.27 million shares. Copart, Inc. has traded high as $ 116.74 and has cracked $ 114.19 on the downward trend
According to the previous trading day, closing price of $ 116.19, representing a 108.39 % increase from the 52 week low of $ 55.69 and a 11.39 % decrease over the 52 week high of $ 130.96.
The company has a market capital of $ 27.43 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
