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
42,01 €
0,85 %
Copart Inc. sticht etwas positiv hervor mit 3 Buy- und 0 Sell-Einschätzungen.
Das Kursziel von 50 € für Copart Inc. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 42.01 € hin.
