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. Stock
€38.51
1.420%
Our community is currently high on Copart Inc. with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 47 € shows a positive potential of 22.05% compared to the current price of 38.51 € for Copart Inc..
