Copart Earnings Preview
Portfolio Pulse from Benzinga Insights
Copart (NASDAQ:CPRT) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16, with analysts expecting an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for the next quarter. Copart's stock performance has been positive over the last 52 weeks, with shares up 55.13%, trading at $49.69 as of November 14. Past earnings have shown mixed reactions in stock price post-announcement.
November 15, 2023 | 5:00 pm
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POSITIVE IMPACT
Copart is expected to report an EPS of $0.32 for the upcoming earnings, with investors focusing on potential earnings beat and future guidance. The stock has seen a 55.13% increase over the past year, indicating a positive sentiment among long-term shareholders.
Given the positive long-term performance of Copart's stock and the anticipation of an earnings beat, there is a likelihood of a positive short-term impact on CPRT's stock price if the earnings report meets or exceeds expectations. However, past performance shows that even an earnings beat can sometimes lead to a drop in stock price, hence the confidence is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100