Copart Q1 EPS $0.34 Vs $0.25 Prior Year, Sales $1.02B Beat $990.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Copart, Inc. (NASDAQ:CPRT) reported Q1 earnings per share (EPS) of $0.35, up from $0.25 in the prior year, and quarterly sales of $1.02 billion, surpassing the analyst consensus estimate of $990.66 million by 2.96% and marking a 14.17% increase from $893.37 million in the same period last year.
November 16, 2023 | 9:28 pm
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Copart reported a significant increase in Q1 EPS to $0.35 from $0.25 and a 14.17% increase in sales, beating analyst estimates.
The positive earnings report, with both EPS and sales exceeding expectations and showing significant year-over-year growth, is likely to instill investor confidence and could lead to a short-term increase in Copart's stock price.
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