Copart Shares Fall After Worse-Than-Expected Q4 Results: Details
Portfolio Pulse from Erica Kollmann
Copart Inc. (NASDAQ:CPRT) shares fell after the company reported worse-than-expected Q4 results. Earnings per share and revenue both missed analyst estimates, leading to a 5.56% drop in share price after-hours.
September 04, 2024 | 9:51 pm
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Copart's Q4 earnings and revenue missed analyst expectations, leading to a 5.56% drop in share price after-hours. The company reported EPS of 33 cents, missing by 8.33%, and revenue of $1.068 billion, missing by $13 million.
The earnings and revenue miss directly impacted Copart's stock price, causing a significant after-hours decline. The miss on both EPS and revenue indicates potential challenges in meeting market expectations, affecting investor sentiment negatively.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100