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Copart (CPRT) to Report Q1 Earnings: What's in the Cards?

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Copart, Inc. (CPRT - Free Report) first-quarter fiscal 2020 performance is expected to reflect year-over-year earnings and revenue growth.

Shares of the company have gained 79.6% year to date, significantly outperforming the 63.9% growth of the industry it belongs to.

Top-Line Expectations

The Zacks Consensus Estimate for revenues is pegged at $531 million, indicating year-over-year growth of 15.1%. High activity levels in the United States and expansion efforts in European markets, primarily in the U.K. and Germany, are likely to have boosted the company’s revenues in the to-be-reported quarter.

Copart, Inc. Revenue (TTM)

The consensus mark for service revenues is pegged at $ 462 million, indicating 17% year-over-year growth. For revenues from vehicle sales, the consensus mark stands at $75 million, suggesting a year-over-year increase of 11.9%.

In the fourth quarter of fiscal 2019, Copart’s revenues increased 21% to $543 million from the year-ago quarter’s figure.

Bottom-Line Projections

The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 58 cents, indicating growth of 23.4% from the year-ago quarter's reported figure. In the fourth quarter of fiscal 2019, adjusted earnings of 60 cents per share increased 42.8% year over year.

What Our Model Says

Our proven Zacks model does not conclusively predict an earnings beat for Copart this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Copart has an Earnings ESP of 0.00% and a Zacks Rank #2.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings:

Cardtronics (CATM - Free Report) has an Earnings ESP of +1.05% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Interpublic Group of Companies (IPG - Free Report) has an Earnings ESP of +0.61% and a Zacks Rank #3.

Elastic N.V. (ESTC - Free Report) has an Earnings ESP of +2.11% and a Zacks Rank #3.

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