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Why Copart Stock Is Plummeting Today

TheMotleyFool 
0 0 23.05.25
Why Copart Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png
 

Shares of leading online vehicle auction platform (NASDAQ: CPRT) were down 12% as of noon ET Friday, according to data provided by S&P Global Market Intelligence.

Copart reported earnings on Friday and delivered sales and earnings per share growth of 8%. This top-line figure missed analysts' expectations, and the stock sold off as a result.

Trading at 43 times earnings prior to the report, Copart was priced with the lofty expectation that it'd continue growing sales by its historical double-digit average, and came up just shy.

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Source Fool.com

Copart Inc. Stock

€27.30
6.980%
Copart Inc. dominated the market today, gaining €1.78 (6.980%).
With 3 Buy predictions and 2 Sell predictions the community is currently undecided on Copart Inc..
With a target price of 28 € there is a slightly positive potential of 2.56% for Copart Inc. compared to the current price of 27.3 €.
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