Copart Q4 revenue up 5.2% but misses estimates
Overview
Copart fiscal Q4 revenue rises 5.2%, but misses analysts' expectations
Net income for fiscal Q4 increased 22.9% to $396 mln
Fully diluted EPS for fiscal Q4 rose 24.2% to $0.41
Result Drivers
SERVICE REVENUES - Service revenues increased by 7.1%, contributing to overall revenue growth
VEHICLE SALES DECLINE - Vehicle sales decreased by 4%, impacting total revenue
OPERATING EXPENSES - Operating expenses remained stable with a slight increase of 0.4%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $1.12 bln | $1.14 bln (7 Analysts) |
Q4 EPS | $0.41 | ||
Q4 Net Income | $395.31 mln | ||
Q4 Gross Profit | $509.72 mln | ||
Q4 Operating Expenses | $712.51 mln | ||
Q4 Operating Income | $412.59 mln | ||
Q4 Pretax Profit | $478.41 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Copart Inc is $62.00, about 22.4% above its September 3 closing price of $48.12
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago
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