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Mangeet Kaur Bouns

Copart (CPRT) Earnings Preview: An Auto Stock to Consider?

CPRT Copart Mangeet Kaur BounsMangeet

Copart, Inc. (CPRT), a leading online vehicle auction company, is scheduled to release fiscal 2024 first-quarter earnings after 4 p.m. Eastern Time on Thursday, November 16, 2023. Analysts expect the company’s revenue and EPS for the first quarter (ended October 2023) to increase 10.7% and 27.4% year-over-year to $989.28 million and $0.32, respectively.

Further, the company reported a beat on top and bottom lines in the fourth quarter of fiscal 2023. CPRT posted revenue of $997.59 million, exceeding analysts’ estimate of $962.84 million. This compared to revenue of $883.39 million in the same quarter of 2022. Its EPS came in at $0.34, compared to the consensus estimate of $0.32 and up 21.4% year-over-year.

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