Why Copart Stock Is Plummeting Today
Shares of leading online vehicle auction platform (NASDAQ: CPRT) were down 12% as of noon ET Friday, according to data provided by S&P Global Market Intelligence.
Copart reported earnings on Friday and delivered sales and earnings per share growth of 8%. This top-line figure missed analysts' expectations, and the stock sold off as a result.
Trading at 43 times earnings prior to the report, Copart was priced with the lofty expectation that it'd continue growing sales by its historical double-digit average, and came up just shy.
Source Fool.com
Copart Inc. Aktie
41,40 €
1,33 %
Leichtes Buy-Übergewicht bei Copart Inc. mit 4 Buy- gegenüber 0 Sell-Einschätzungen.
Ein Kursziel von 48 € für Copart Inc. signalisiert ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 41.4 €.
