科帕特(CPRT)
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Copart's Shares Plunge 10% in 6 Months: More Downside Ahead?
ZACKS· 2024-09-12 01:16
Shares of Copart, Inc. (CPRT) , a provider of online vehicle auction and remarketing services to automotive resellers, have lost 10.3% in the past six months compared with the Zacks Auction and Valuation Services industry's decline of 10.8%. Shares of CPRT underperformed peers like ACV Auctions Inc. and OPENLANE, Inc. in the same time frame.Six Months Price ComparisonImage Source: Zacks Investment ResearchHigh spending on storage-capacity expansion and rising operating costs amid increasing G&A expenditure ...
Brokers Suggest Investing in Copart (CPRT): Read This Before Placing a Bet
ZACKS· 2024-09-11 22:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Copart, Inc. (CPRT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Copart currently has an average broker ...
Copart: Fantastic Business, Tricky Valuation
Seeking Alpha· 2024-09-07 01:46
mgkaya/E+ via Getty Images Introduction On June 5, I wrote an article titled "From Scrap To Riches - Copart Is An Amazing American Growth Story." Nonetheless, I gave the stock a Neutral rating. As the title suggests, in that article, I discussed the Copart's (NASDAQ:CPRT) fascinating business model, which has resulted in a total return of roughly 1,070% over the past ten years, making it one of the best-performing stocks I have discussed in recent years. Data by YCharts This performance includes its rec ...
Copart(CPRT) - 2024 Q4 - Earnings Call Transcript
2024-09-05 08:15
财务数据和关键指标变化 - 第四季度全球销售单位和库存分别同比增长8%和7% [12] - 2024财年全球销售单位增长近10% [12] - 美国业务销售单位增长超过6%,其中费用单位增长超过6%,购买单位增长超过13% [12] - 2024财年美国业务销售单位增长近8%,费用单位增长超过7%,购买单位增长近14% [12] - 美国保险业务销售单位同比增长6%,2024财年增长约7% [13] - 美国非保险业务销售单位增长超过非保险业务,其中租赁和金融单位增长超过20%,经销商单位增长近10% [13] - 美国库存水平增长超过6%,不含低价值和灾难性单位的增长近9% [13] - 国际业务销售单位同比增长近17%,2024财年增长21% [13] - 全球平均售价同比下降约5%,2024财年下降约3% [14] - 美国保险业务平均售价同比下降不到4%,环比增长超过2% [14] - 第四季度全球收入增长超过7%,2024财年增长近10% [14] - 第四季度全球服务收入增长超过7%,2024财年增长超过11% [14] - 第四季度美国服务收入增长超过6%,2024财年增长10% [14] - 第四季度国际服务收入增长近14%,2024财年增长22% [14] - 第四季度全球购买车辆销售增长8%,2024财年增长约1% [15] - 第四季度全球购买车辆毛利下降约1%,2024财年下降 [15] - 第四季度美国购买车辆收入增长12%,毛利增长约11% [15] - 2024财年美国购买车辆收入下降约3%,毛利增长超过18% [15] - 第四季度国际购买车辆收入增长约3%,毛利下降约11% [16] - 2024财年国际购买车辆收入增长超过4%,毛利下降超过12% [16] - 第四季度全球毛利下降约1%,毛利率下降约340个基点至42.4% [17] - 2024财年全球毛利增长约10%,毛利率增加约10个基点至45% [18] - 第四季度美国毛利率下降至46.5%,2024财年增至49.4% [18] - 第四季度国际毛利率增至24.2%,2024财年增至25.5% [18] - 第四季度GAAP营业利润下降8%,2024财年增长约6% [20] - 第四季度GAAP净利润下降超过7%,2024财年增长超过10% [20] - 第四季度税率为21.1%,2024财年为20.5% [21] - 2024财年自由现金流962百万美元 [22] 各条业务线数据和关键指标变化 - 保险业务销售单位同比增长6%,2024财年增长约7% [13] - 非保险业务销售单位增长超过保险业务,其中租赁和金融单位增长超过20%,经销商单位增长近10% [13] - 国际业务销售单位同比增长近17%,2024财年增长21% [13] 各个市场数据和关键指标变化 - 美国市场销售单位增长超过6% [12] - 国际市场销售单位同比增长近17%,2024财年增长21% [13] 公司战略和发展方向及行业竞争 - 公司继续加强与保险公司客户的关系,如拓展Title Express服务 [6][7] - 公司积极拓展非保险业务,如银行、租赁、经销商等,并取得良好增长 [9][10] - 公司认为全损率上升和保险公司选择报废更多可驾驶车辆的趋势将持续 [5] - 公司投资于有助于为客户提供最佳服务的资产,包括土地和运输资产 [22] - 公司保持谨慎的资本结构,为长期发展提供支持 [21][22] 管理层对经营环境和未来前景的评论 - 管理层认为全损率上升和保险公司选择报废更多可驾驶车辆的趋势将持续 [4][5] - 管理层表示2024年风暴季节较往年更为活跃,公司积极为客户提供支持 [8] - 管理层认为公司保持谨慎的资本结构是行业内的竞争优势 [21][22] 其他重要信息 - 公司通过Title Express服务为保险公司客户提供更高效的车辆产权转移服务 [6][7] - 公司的Purple Wave业务在装备拍卖市场实现17%的全年增长 [11] 问答环节重要的提问和回答 问题1 **Bob Labick 提问** 询问公司拓展整车和经销商业务的财务影响 [25][26] **Jeff Liaw 回答** 长期来看,这些业务的单位经济效益应该与传统车辆销售持平或更好,但短期内需要一定的前期投资 [26][27] 问题2 **John Healy 提问** 询问事故频率和全损率的变化趋势 [33][34][35][36] **Jeff Liaw 回答** 事故频率长期呈下降趋势,但全损率的增长通常会超过事故频率的下降 [34][35][36] 问题3 **Craig Kennison 提问** 询问Title Express服务对公司市场份额的影响 [40][41][42][43] **Jeff Liaw 回答** 该服务体现了保险公司对公司的信任,有助于增强客户关系,是公司业务拓展的重要组成部分 [41][43]
Copart, Inc. (CPRT) Misses Q4 Earnings Estimates
ZACKS· 2024-09-05 06:40
Copart, Inc. (CPRT) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.81%. A quarter ago, it was expected that this company would post earnings of $0.38 per share when it actually produced earnings of $0.39, delivering a surprise of 2.63%.Over the last four quarters, the company has ...
Copart(CPRT) - 2024 Q4 - Annual Results
2024-09-05 04:27
财务业绩 - 公司2024财年第四季度收入为10.69亿美元,同比增长7.2%[1] - 公司2024财年全年收入为42.37亿美元,同比增长9.5%[2] - 公司2024财年第四季度毛利为4.54亿美元,同比下降0.9%[1] - 公司2024财年全年毛利为19.07亿美元,同比增长9.8%[2] - 公司2024财年第四季度净利润为3.23亿美元,同比下降7.3%[1] - 公司2024财年全年净利润为13.63亿美元,同比增长10.1%[2] - 公司2024财年第四季度每股收益为0.33美元,同比下降8.3%[1] - 公司2024财年全年每股收益为1.40美元,同比增长9.4%[2] 业务概况 - 公司在11个国家拥有250多个地点,去年售出超过400万辆车[3] - 公司目前在美国、加拿大、英国、巴西等国家拥有业务[3] 现金流 - 营业收入为12.37亿美元[10] - 净利润为12.38亿美元[10] - 经营活动产生的现金流为13.64亿美元[10] - 投资活动使用的现金流为18.92亿美元[10] - 融资活动产生的现金流为0.67亿美元[10]
Why Copart, Inc. (CPRT) Dipped More Than Broader Market Today
ZACKS· 2024-08-27 21:13
The latest trading session saw Copart, Inc. (CPRT) ending at $52.56, denoting a -0.38% adjustment from its last day's close. This change lagged the S&P 500's 0.32% loss on the day. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, lost 0.85%.The company's stock has climbed by 3.35% in the past month, exceeding the Business Services sector's gain of 0.64% and the S&P 500's gain of 1.52%.The investment community will be paying close attention to the earnings performance of Copart, Inc. in i ...
Copart, Inc. (CPRT) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-08-20 07:16
The latest trading session saw Copart, Inc. (CPRT) ending at $51.59, denoting a +0.55% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.39%.Heading into today, shares of the company had lost 0.77% over the past month, outpacing the Business Services sector's loss of 1.72% and the S&P 500's loss of 1.85% in that time.Analysts and investors alike will be keeping a close eye on the perf ...
Copart, Inc. (CPRT) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-08-14 07:15
Copart, Inc. (CPRT) closed the latest trading day at $50.97, indicating a +1.41% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.69%. At the same time, the Dow added 1.04%, and the tech-heavy Nasdaq gained 2.43%.Coming into today, shares of the company had lost 8.15% in the past month. In that same time, the Business Services sector lost 3.4%, while the S&P 500 lost 4.78%.The investment community will be paying close attention to the earnings performanc ...
Copart, Inc. (CPRT) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-08-08 07:15
In the latest trading session, Copart, Inc. (CPRT) closed at $49.18, marking a -0.97% move from the previous day. This move lagged the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 1.05%.Coming into today, shares of the company had lost 8.78% in the past month. In that same time, the Business Services sector lost 4.16%, while the S&P 500 lost 5.85%.Investors will be eagerly watching for the performance of Copart, Inc. in i ...