Copart (NASDAQ:CPRT) Posts Earnings Results, Misses Expectations By $0.03 EPS

Copart (NASDAQ:CPRT) issued its quarterly earnings results on Wednesday. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03), Briefing.com reports. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS.

Copart Trading Down 0.9 %

Shares of NASDAQ CPRT opened at $53.05 on Thursday. The firm has a market capitalization of $51.05 billion, a PE ratio of 37.36 and a beta of 1.27. The firm’s 50-day moving average is $52.49 and its 200-day moving average is $53.84. Copart has a 1 year low of $42.41 and a 1 year high of $58.58.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.