Copart Inc (NASDAQ: CPRT) has reported earnings for its fourth fiscal quarter (ending July 31) of $0.67 versus $0.47 for the same period a year ago — an increase of 43%. Relative to the consensus estimate of $0.58, this was a premium of $0.09. For the latest four quarters through July 31, E.P.S. were $2.57 compared to $1.80 a year ago — an increase of 43%.
Recent Price Action
On 9/4/19, Copart Inc (NASDAQ: CPRT) stock increased 1.2%, closing at $75.66. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
CPRT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Copart has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Copart has a poor Appreciation Score of 30 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.