Overview

* Copart ( CPRT ) fiscal Q4 revenue rises 5.2%, but misses analysts' expectations

* Net income for fiscal Q4 increased 22.9% to $396 mln

* Fully diluted EPS for fiscal Q4 rose 24.2% to $0.41

Result Drivers

* SERVICE REVENUES - Service revenues increased by 7.1%, contributing to overall revenue growth

* VEHICLE SALES DECLINE - Vehicle sales decreased by 4%, impacting total revenue

* OPERATING EXPENSES - Operating expenses remained stable with a slight increase of 0.4%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Miss $1.12 $1.14

Revenue bln bln (7

Analysts

)

Q4 EPS $0.41

Q4 Net $395.31

Income mln

Q4 Gross $509.72

Profit mln

Q4 $712.51

Operatin mln

g

Expenses

Q4 $412.59

Operatin mln

g Income

Q4 $478.41

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Copart Inc ( CPRT ) is $62.00, about 22.4% above its September 3 closing price of $48.12

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)