Why Copart, Inc. Stock Popped Today
Shares of Copart Inc. (NASDAQ: CPRT) were up 10.5% as of 1:30 p.m. EST Wednesday after the online vehicle auction services specialist announced stronger-than-expected fiscal first-quarter results.
More specifically, Copart's quarterly revenue climbed 21% year over year to $419.2 million, which translated to adjusted (non-GAAP) earnings of $77.1 million, or $0.33 per diluted share. Copart doesn't provide specific quarterly financial guidance, but both the top and bottom lines were well ahead of investors' expectations for earnings of $0.27 per share on revenue of $377.4 million.
Image source: Getty Images.
Source: Fool.com
Copart Inc. Aktie
25,03 €
-2,16 %
Unentschieden bei Copart Inc.: 3 Buy- stehen 2 Sell-Einschätzungen gegenüber.
Ein positives, wenn auch bescheidenes, Potenzial für Copart Inc. mit einem Kursziel von 28 € im Vergleich zum aktuellen Kurs von 25.03 €.
