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Copart (NASDAQ:CPRT) unveils its next round of earnings this Wednesday, September 4. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
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Copart earnings will be near 58 cents per share on sales of $516.15 million, according to analysts.
Copart reported a profit of 42 cents when it published results during the same quarter last year. Sales in that period totaled $449.22 million. The Wall Street estimate would represent a 38.10% increase in the company's earnings. Revenue would be have grown 14.90% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.620 | 0.51 | 0.48 | |
| EPS Actual | 0.660 | 0.52 | 0.47 | 0.42 |
Stock Performance
Over the last 52-week period, shares are up 17.08%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Copart stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.