Workflow
Copart, Inc. (CPRT) Matches Q3 Earnings Estimates
CPRTCopart(CPRT) ZACKS·2025-05-22 22:26

Group 1: Earnings Performance - Copart, Inc. reported quarterly earnings of 0.42pershare,matchingtheZacksConsensusEstimate,andanincreasefrom0.42 per share, matching the Zacks Consensus Estimate, and an increase from 0.39 per share a year ago [1] - The company had a surprise of 5.26% in the previous quarter, posting earnings of 0.40pershareagainstanexpected0.40 per share against an expected 0.38 [1] - Over the last four quarters, Copart has surpassed consensus EPS estimates only once [1] Group 2: Revenue Performance - For the quarter ended April 2025, Copart posted revenues of 1.21billion,missingtheZacksConsensusEstimateby2.501.21 billion, missing the Zacks Consensus Estimate by 2.50%, but up from 1.13 billion year-over-year [2] - The company has exceeded consensus revenue estimates three times in the last four quarters [2] Group 3: Stock Performance and Outlook - Copart shares have increased approximately 6.5% since the beginning of the year, contrasting with a -0.6% decline in the S&P 500 [3] - The future performance of Copart's stock will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is 0.40onrevenuesof0.40 on revenues of 1.2 billion, and for the current fiscal year, it is 1.58onrevenuesof1.58 on revenues of 4.74 billion [7] Group 4: Industry Context - The Auction and Valuation Services industry, to which Copart belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [8]