Copart Inc (NASDAQ: CPRT) has reported earnings for its fourth fiscal quarter (ending July 31) of $0.34 versus $0.72 for the same period a year ago — a decline of -53%. Relative to the consensus estimate of $0.37, this was a shortfall of $-0.03. For the latest four quarters through July 31, E.P.S. were $1.42 compared to $2.60 a year ago — a decline of -45%.
Recent Price Action
Copart Inc (NASDAQ: CPRT) stock closed at $53.05 on 9/4/24 after a slight decline of -0.9%. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has risen 0.9% during the last week and has been strong relative to the market over the last nine months.
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 an important Value Builder.
Copart has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Copart has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 59, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment