Copart Q4 Revenue Beats, But EPS Misses and Net Income Falls 17%
CPRT sits 25% above its 52-week low of $26.81.
Summary
Copart's fiscal Q4 revenue rose 2.4% to $1.15B, slightly above consensus, driven by an 8.3% jump in vehicle sales and a 11.7% surge in international revenue to $222.1M. However, EPS of $0.35 missed the $0.38 estimate, and net income fell 17.4% to $326.8M as gross profit declined 5.5% on higher facility and vehicle-sale costs. The company gave no guidance. This follows the earlier EPS-only report; the new details show margin pressure offsetting top-line growth.
At the time of this announcement, CPRT was trading at $33.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $28.5B. The 52-week trading range was $26.81 to $49.05. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.