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StockNews.com
StockNews.com
Business
Subhasree Kar

Copart (CPRT) Earnings: Analyzing Buy Opportunities

Copart, Inc. (CPRT) has consistently recorded strong growth over recent years, seen in its appreciable revenue increase of a CAGR of 21.2% over the past three years. Additionally, its earnings per share (EPS) have followed suit, rising at a notable 24.3% CAGR over the same timeline.

Financial analysts forecast favorable outcomes regarding Copart's impending quarterly results. The consensus revenue estimate of $1.03 billion for the fiscal second quarter ended January 2024, represents a year-over-year increase of 8.2%. Concurrently, the company's EPS is projected to rise by 13.9% from the comparative value last year, landing at $0.35.

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