BUZZ-Copart rises after quarterly revenue beat on post-hurricane sales

Reuters
22 Nov 2024
BUZZ-Copart rises after quarterly revenue beat on post-hurricane sales

** Online vehicle auctioneer Copart's CPRT.O shares rise ~2% to $58.11 premarket

** Company posts fiscal Q1 2025 revenue of $1.15 bln, beating estimates of $1.10 bln - data compiled by LSEG

** Co posts profit per share of 37 cents, in-line with expectations and an 8% increase from a year ago

** Sales boosted by co's recovery and auction of damaged vehicles after hurricanes Helene and Milton

** CEO Jeff Liaw says company sold twice as many vehicles in first ten days of storms compared with hurricane Ian in 2022

** Up to last close, stock has risen over 16% YTD

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10