Copart, Inc. (NASDAQ:CPRT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Copart, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.11% to $0.32 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 16.39% to $263.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Copart, Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $268.32 million.
Key Stats (on next page)…