Copart, Inc. (CPRT) Tops Q2 Earnings and Revenue Estimates

Financial Performance - Copart, Inc. reported quarterly earnings of $0.40 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, and up from $0.33 per share a year ago, representing an earnings surprise of 5.26% [1] - The company posted revenues of $1.16 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.95%, compared to revenues of $1.02 billion in the same quarter last year [2] Market Performance - Copart shares have increased approximately 4.1% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The current Zacks Rank for Copart is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $1.24 billion, and for the current fiscal year, it is $1.57 on revenues of $4.74 billion [7] - The Auction and Valuation Services industry, to which Copart belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]