Factors Shaping the Fate of Copart s (CPRT) Q2 Earnings Zacks.com 2/17/2021
Copart, Inc. CPRT is scheduled to release second-quarter fiscal 2021 results today after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings per share and revenues is pinned at 79 cents and $630.64 million, respectively.
In the last reported quarter, the Texas-based online vehicle auctioning company posted an earnings beat on higher-than-expected revenues from vehicle sales. The bottom line also improved year over year on higher revenues and lower operating costs.
Copart which is considered the
eBay EBAY of salvage vehicles surpassed the Zacks Consensus Estimate in three of the last four quarters and missed in the other, the average surprise being 20.51%. This is depicted in the graph below: