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
39,88 €
0,29 %
Die Copart Inc. Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Das von der Community festgelegte Kursziel für Copart Inc. von 48 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 39.88 €.
