Barrington Research Research Analysts Lower Earnings Estimates for Copart, Inc. (NASDAQ:CPRT)

Copart, Inc. (NASDAQ:CPRT) – Investment analysts at Barrington Research dropped their Q1 2025 earnings estimates for shares of Copart in a report released on Thursday, September 5th. Barrington Research analyst G. Prestopino now expects that the business services provider will earn $0.37 per share for the quarter, down from their prior forecast of $0.38. The consensus estimate for Copart’s current full-year earnings is $1.54 per share. Barrington Research also issued estimates for Copart’s Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.38 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.48 EPS and Q4 2026 earnings at $0.40 EPS.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year.

Separately, Robert W. Baird decreased their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $49.51 on Monday. The stock has a market capitalization of $47.64 billion, a P/E ratio of 34.87 and a beta of 1.27. The business has a 50-day moving average of $52.11 and a two-hundred day moving average of $53.87. Copart has a fifty-two week low of $42.41 and a fifty-two week high of $58.58.

Hedge Funds Weigh In On Copart

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Copart in the 1st quarter valued at $28,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 234 shares during the period. Crewe Advisors LLC boosted its stake in shares of Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after purchasing an additional 492 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.