Copart Earnings Preview: What to Expect

Dallas, Texas-based Copart, Inc. (CPRT) provides online auctions and a wide range of remarketing services to process and sell salvage and clean title vehicles. With a market cap of $55.6 billion, the company offers services such as online supplier access, salvage estimation services, end-of-life vehicle processing, virtual insured exchange, transportation services, and vehicle inspection stations, among others.  It is expected to announce its fiscal Q2 earnings results on Thursday, Feb. 27. 

Prior to this event, analysts expect the automobile reseller to report a profit of $0.38 per share, up nearly 15.2% from $0.33 per share in the year-ago quarter. The company has surpassed or met Wall Street's earnings estimates in two of the last four quarters while missing on other two occasions. Its earnings of $0.37 per share in the previous quarter met the consensus estimates.