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.
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Source: Fool.com
Copart Inc. Stock
€52.00
0.350%
Our community is currently high on Copart Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 60 € shows a slightly positive potential of 15.38% compared to the current price of 52.0 € for Copart Inc..
