您现在的位置是:Encyclopedia >>正文
【networth realty of houston llc】Copart (CPRT) Gains From Auction Locations Despite High Costs
Encyclopedia95人已围观
简介On Dec 31, we issued an updated research report onCopart, Inc.CPRT.The Dallas, TX-based provider of ...
On Dec 31,networth realty of houston llc we issued an updated research report on
Copart, Inc.
CPRT.
The Dallas, TX-based provider of online vehicle auctioning platform is adding auction locations, both organically and inorganically, to improve its network of facilities and drive sales. From the beginning of 2018 till Oct 31, the company opened 6 locations across Europe and the United States apart from acquiring companies with existing locations. Sufficient auction locations aid Copart to add more cars in inventories and sell those at auctions, thus, driving the company’s revenues.
Further, the company sees good growth opportunities in the European market, majorly across Germany and Western Europe. This impelled Copart to invest and add or open locations on this continent. In first-quarter fiscal 2019, it added six locations in Germany. During the same time frame, the company had fifteen locations in the United Kingdom. These locations are expected to aid the company’s growth in Europe’s competitive marketplace as well as drive its top line.
Copart, Inc. Price and Consensus
Copart, Inc. Price and Consensus | Copart, Inc. Quote
In the first quarter of fiscal 2019, Copart’s earnings and revenues surpassed their respective Zacks Consensus Estimate. The company’s global unit sales rose 4.1% year over year, with the United States contributing a positive 2.4% and international unit contributing 14.3%. Internationally, growth was driven by the United Kingdom and Germany.
However, too much presence in international markets makes the company vulnerable to foreign currency fluctuations and country-specific policy threats. During the first quarter, Copart’s year-over-year revenue growth was partly offset by the strength of the U.S. dollar in comparison with the pound and Brazilian real.
The company’s general and administrative expenses witnessed 13.1% year-over-year rise to $44.5 million. Out of the total amount, growth initiatives in the United States cost $37.3 million while internationally, Europe’s business expansion cost $1.5 million. Additionally, over the past year, three hurricanes have increased average cost per vehicle for Copart. Continuous rise in expenses might hamper the company’s profit margin.
In the past 30 days, the Zacks Consensus Estimate for Copart’s earnings in fiscal 2019 has edged down 0.5%. Further, over the past three months, shares of the company have lost 9.4% compared with the industry’s decline of 11%.
The company currently carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Stocks to Consider
Some better-ranked stocks in the auto space are Fox Factory Holding Corporation FOXF, CarGurus, Inc. CARG, and Cooper Tire & Rubber Company CTB, each carrying a Zacks Rank #2 (Buy).
Fox Factory has an expected long-term growth rate of 5%. Share price of the company has increased 20.1% in the past six months.
CarGurus has an expected long-term growth rate of 5%. Shares of the company have gained 13% in the past year.
Cooper Tire has an expected long-term growth rate of 4%. Over the past six months, shares of the company have gained 22.2%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Fox Factory Holding Corp. (FOXF) : Free Stock Analysis Report
Cooper Tire & Rubber Company (CTB) : Free Stock Analysis Report
Copart, Inc. (CPRT) : Free Stock Analysis Report
CarGurus, Inc. (CARG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
Tags:
相关文章
Exclusive: Germany ready to nationalise airline Condor - sources
EncyclopediaBy Klaus Lauer, Alexander Hübner and Holger HansenBERLIN/MUNICH (Reuters) - The German government st ...
阅读更多FloBeds Announces 20th Anniversary of Its Goldilocks Mattress
EncyclopediaGoldilocks Was RightFloBeds for 20 YearsFloBeds for 20 YearsFloBeds for 20 YearsFORT BRAGG, Calif., ...
阅读更多Should You Be Holding Yü Group PLC (LON:YU.)?
EncyclopediaYü Group PLC (LON:YU.) is a stock with outstanding fundamental characteristics. When we build an inv ...
阅读更多
热门文章
- HSBC, Standard Chartered Shares Plunge After Dividend Payment Cancellations
- Why Kokuyo Camlin Limited’s (NSE:KOKUYOCMLN) Return On Capital Employed Might Be A Concern
- How Should Investors Think About High Yield Bond Allocations?
- AMWD vs. WSC: Which Stock Should Value Investors Buy Now?
- Thermon Group Holdings, Inc. to Host Earnings Call
- BRIEF-Victory Group Says Stock Exchange To Place Co In Third Delisting Stage
最新文章
-
ROSEN, INVESTOR COUNSEL, Reminds Beyond Meat, Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses In Excess of $500K to Contact Firm - BYND
-
BRIEF-China Jialing Industrial Says It Sold 3,112 Motorcycles In Jan
-
Do Directors Own LiveXLive Media, Inc. (NASDAQ:LIVX) Shares?
-
Shares in Dewan Housing hammered by mismanagement allegations
-
MT Højgaard Holding A/S: Financial Calendar 2021
-
Symantec (SYMC) Q3 Earnings & Revenues Surpass Estimates
友情链接
- As Currency Values Deflate, Gold Sees Bright Horizon
- Why Uranium Markets Are Gaining Interest
- PRGX Global's (PRGX) Shares March Higher, Can It Continue?
- Don't Buy WirTek A/S (CPH:WIRTEK) For Its Next Dividend Without Doing These Checks
- Were Hedge Funds Right About Automatic Data Processing (ADP)?
- Oprah tour driving Weight Watchers memberships
- Baker Hughes Snaps Up Compact Carbon Capture For Energy Transition Path
- To the millions of parents who didn’t choose to homeschool: This is a unique opportunity
- Is Sirius International Insurance (SG) A Good Stock To Buy Now?
- Moderna to supply 100 to 125 mln COVID-19 vaccine doses globally in first quarter