Copart (CPRT) Reports Earnings Tomorrow: What To Expect
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Online vehicle auction company Copart (NASDAQ:CPRT) will be reporting results this Thursday after the bell. Here's what to expect. Copart beat analysts' revenue expectations last quarter, reporting revenues of $1.24 billion, up 2.1% year on year. It was a very strong quarter for the company, with a beat of analysts' EPS estimates. Is Copart a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Copart's revenue to grow 1.4% year on year, slowing from the 5.2% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Copart has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Copart's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. OPENLANE delivered year-on-year revenue growth of 15.1%, beating analysts' expectations by 4.4%, and RB Global reported revenues up 11.1%, topping estimates by 6.8%. OPENLANE traded down 7.2% following the results while RB Global was also down 13.9%. Read our full analysis of OPENLANE's results here and RB Global's results here. Investors in the business services &...
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