Copart Stock Drops After Q2 Earnings: Here's Why
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Copart, Inc. (NASDAQ:CPRT) shares fell after the company reported Q2 earnings, missing estimates with earnings of 36 cents per share against a consensus of 40 cents, and revenue of $1.12 billion below the expected $1.14 billion. The stock dropped 11.16% in after-hours trading, closing at $33.45. Analysts maintain a Buy rating with an average price target of $36.27, though some have adjusted their targets, with JPMorgan lowering to $45 and Barclays raising to $33.
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