Copart Q4 2024 GAAP EPS $0.33 Misses $0.36 Estimate, Sales $1.068B Miss $1.081B Estimate
Portfolio Pulse from Benzinga Newsdesk
Copart reported Q4 2024 earnings per share of $0.33, missing the consensus estimate of $0.36. Sales were $1.068 billion, also below the expected $1.081 billion, but up 7.06% from the previous year.
September 04, 2024 | 8:31 pm
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Copart's Q4 2024 earnings and sales both missed analyst estimates, with EPS at $0.33 versus $0.36 expected and sales at $1.068 billion versus $1.081 billion expected. Despite the miss, sales increased by 7.06% year-over-year.
The earnings and sales figures both missing analyst estimates are likely to negatively impact Copart's stock price in the short term. However, the year-over-year sales growth of 7.06% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100