研究提醒：CFRA重申了对Copart, Inc.股票的强烈买入意见_新浪财经

12:15 AM EST, 02/21/2023 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $10 to $85, based on 32.1x our FY 24 (Jan.) EPS estimate, a slight premium to CPRT's 5-year mean forward P/E of 31.8x. We raise adjusted EPS estimates by $0.10 to $2.40 for FY 23 and by $0.10 to $2.65 for FY 24. CPRT posts Jan-Q adjusted EPS of $0.61 vs. $0.55 (+11%), ahead of the $0.58 consensus. The beat was driven by stronger-than-forecasted revenue and margins, as revenue rose 10% to $957M ($25M ahead of consensus) and gross margin contracted 190 bps to 44.6% (60 bps above consensus). Service revenue drove the top line growth (+11% and 83% of total revenue), while vehicle sales revenue was up 7% (17% of revenue). After a quarter in which CPRT posted an uncharacteristic earnings miss partly due to hurricane impacts, results bounced back strongly. With a largely recession-resistant business model, favorable tailwinds from the aging U.S. vehicle fleet, and a growing net cash balance ($1.55B at quarter-end), CPRT remains one of our top picks and we reiterate our Strong Buy.