Copart Q3 2024 GAAP EPS $0.39 Misses $0.41 Estimate, Sales $1.127B Beat $1.105B Estimate
Portfolio Pulse from Benzinga Newsdesk
Copart (NASDAQ:CPRT) reported Q3 2024 earnings per share (EPS) of $0.39, missing the analyst consensus estimate of $0.41 by 4.88%. However, the company reported quarterly sales of $1.127 billion, beating the analyst consensus estimate of $1.105 billion by 1.98%. This represents a 10.27% increase over sales of $1.022 billion in the same period last year.
May 16, 2024 | 8:17 pm
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Copart's Q3 2024 earnings per share (EPS) missed analyst estimates by 4.88%, coming in at $0.39 versus the expected $0.41. However, the company reported sales of $1.127 billion, beating the estimate of $1.105 billion and showing a 10.27% year-over-year increase.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on Copart's stock price. The sales beat and year-over-year growth are positive, but the EPS miss could offset these gains.
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RELEVANCE 100