Copart (NASDAQ:CPRT) issued its earnings results on Wednesday. The business services provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.06), MarketWatch Earnings reports. Copart had a return on equity of 30.34% and a net margin of 30.95%. The company had revenue of $550.36 million during the quarter, compared to analysts’ expectations of $547.05 million. During the same period in the previous year, the company earned $0.66 EPS. Copart’s quarterly revenue was down .5% on a year-over-year basis.
Shares of NASDAQ CPRT opened at $86.25 on Friday. The stock’s 50 day moving average price is $75.19 and its two-hundred day moving average price is $85.34. Copart has a 52-week low of $55.69 and a 52-week high of $104.88. The stock has a market capitalization of $20.19 billion, a P/E ratio of 29.95 and a beta of 1.11. The company has a quick ratio of 2.08, a current ratio of 2.13 and a debt-to-equity ratio of 0.23.
In other Copart news, Director Daniel J. Englander sold 70,428 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $60.05, for a total transaction of $4,229,201.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Willis J. Johnson sold 462,722 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.44, for a total value of $33,056,859.68. The disclosure for this sale can be found here. Corporate insiders own 14.34% of the company’s stock.
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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