Copart Q2 2024 GAAP EPS $0.33 Misses $0.35 Estimate, Sales $1.02B Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Copart reported Q2 2024 earnings of $0.33 per share, missing the consensus estimate of $0.35. Sales were $1.02B, slightly below the $1.03B estimate but marked a 6.61% increase from the previous year.
February 22, 2024 | 9:17 pm
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Copart's Q2 2024 earnings and sales missed analyst estimates, with earnings per share at $0.33 and sales at $1.02B, indicating a slight underperformance.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth may mitigate some negative impact.
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