CPRT Stock Recent News

Copart's (CPRT) fiscal first-quarter 2024 earnings beat estimates and also rise year over year, primarily on robust service revenues.

Copart, Inc. (NASDAQ:CPRT ) Q1 2024 Earnings Conference Call November 16, 2023 5:30 PM ET Company Participants Jeff Liaw - Co-Chief Executive Officer Leah Stearns - Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities Craig Kennison - Baird Daniel Imbro - Stephens Bret Jordan - Jefferies John Healy - Northcoast Research Chris Bottiglieri - BNP Paribas Ryan Brinkman - JP Morgan Operator Good day, everyone, and welcome to the Copart Incorporated First Quarter Fiscal 2024 Earnings Call. Just a reminder, today's conference is being recorded.

Copart, Inc. (CPRT) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.26 per share a year ago.

The stock market has been on an almost unbelievable run over the last three weeks; however, I think it warrants some caution from investors. While I remain a bull into year end, I don't think now is the time to get aggressive on the long side and investors would be prudent to book some gains here.

Here is how Copart, Inc. (CPRT) and Fiserv (FI) have performed compared to their sector so far this year.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the first quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, November 16, 2023. On Thursday, November 16, 2023, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call wil.

Just as it seemed investors were spooked by rising interest rates and geopolitical crises, Halloween week turned out to be the best week of 2023. A nearly 6% surge in the S&P 500 erased all of October's losses thanks to cooler than expected economic data that has many thinking the Federal Reserve's rate hike campaign is over.

Copart, Inc. (CPRT) closed the most recent trading day at $45.91, moving -0.04% from the previous trading session.

Copart is a high-quality compounder with a great management team. The founder is the board chairman, and the CEO has a great compensation plan. Copart has impressive revenue growth, high returns on capital, and strong solvency.

In the closing of the recent trading day, Copart, Inc. (CPRT) stood at $42.73, denoting a -0.97% change from the preceding trading day.