Online vehicle auction company Copart (NASDAQ:CPRT) will be reporting earnings this Thursday after market hours. Here’s what investors should know.
Copart missed analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $1.13 billion, up 5.2% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.
Is Copart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Copart’s revenue to grow 2.8% year on year to $1.18 billion, slowing from the 12.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Copart has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Copart’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. OPENLANE delivered year-on-year revenue growth of 8.4%, beating analysts’ expectations by 5.9%, and RB Global reported revenues up 11.3%, topping estimates by 3.4%. OPENLANE traded down 6.1% following the results while RB Global was up 4.4%.
Read our full analysis of OPENLANE’s results here and RB Global’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.9% on average over the last month. Copart is down 8.4% during the same time and is heading into earnings with an average analyst price target of $53.33 (compared to the current share price of $41.39).
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