Breaking Down This Vehicle Giant's Earnings History

Is CPRT currently overvalued or undervalued?

facebook X logo linkedin

Copart, Inc. (NASDAQ:CPRT) is a global online vehicle auction company. Copart’s technology and online auction platform links sellers to more than 750,000 members in over 170 countries. The company offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some cases, to end users. Copart sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, and individual owners. This morning, CPRT was last seen down 1.4% at $119.23 in electronic trading.

CPRT has increased about 50% over the past year. Copart stock reached a 52-week low of $77.69 in May 2020, and remain down 7.6% from November peak of $130.96. The equity is just above breakeven year-to-date..

The company is expected to report third quarter of 2021 earnings on Tuesday, May 18. In recent history, Copart has outperformed earnings expectations on three of its last four earnings reports. For the second quarter of 2020, the company missed analyst estimates by a margin of $0.06 and report an earnings per share (EPS) of $0.58. For the third quarter of 2020, Copart's EPS increased to $0.69, and beat expectations by a big margin of $0.31. For the fourth quarter, CPRT reported another increase in earnings, rising to $0.79 per share and beat estimates by a margin of $0.08. In the most recent quarterly report, Copart posted an EPS of $0.80 and beat expectations by a margin of $0.01.

From a purely fundamental perspective, Copart is solid all-around apart from its valuation. Copart stock currently trades at a high price-earnings ratio of 41.02 and has a forward price-earnings ratio of 35.09. However, the valuation is justified by the company’s consistent revenue and net income growth.

The company's balance sheet is in good standing with $616.4 million in cash and $511.81 million in debt. Overall, buying Copart stock is a decent option for long-term investors and investors can likely count on the stock to appreciate nicely over time if the company maintains its current form.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI