Copart Earnings: Here’s Why Shares are Down Now

Copart, Inc. (NASDAQ:CPRT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.96%.

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Copart, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.14% to $0.41 in the quarter versus EPS of $0.35 in the year-earlier quarter.

Revenue: Rose 13.72% to $277.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Copart, Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $244.69 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS decreased 2.38% from $0.42 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.41 and has not changed. For the current year, the average estimate has moved down from a profit of $1.63 to a profit of $1.55 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)