10 Firms That Led Bloodbath Today

6. Copart Inc. (NASDAQ:CPRT)

Shares of Copart Inc. declined for a fifth consecutive day on Friday, losing 11.52 percent to close at $53.67 apiece after missing analysts’ earnings estimates and reporting a drop in vehicle sales in the first quarter of the year.

In its financial statement, Copart Inc. (NASDAQ:CPRT) said earnings per share came in at 42 cents, just in line with analyst estimates. However, revenues settled at $1.21 billion, short of the $1.23 billion consensus, but marked a 7.5 percent growth from the $1.1 billion reported in the same period last year.

Of the total revenues, Copart Inc. (NASDAQ:CPRT) saw a 2.1 percent dip in vehicle sales to $177 million versus $180.6 million year-on-year, while service revenues increased by 9.3 percent.

Attributable net income rose by 6.4 percent to $406.6 million from $383 million registered in the same period a year ago.

For the nine-month period, revenues increased by 11.2 percent to $3.5 billion from $3.17 billion in the same period last year, with vehicle sales inching up by 1.9 percent.

Attributable net income rose by 11.1 percent to $1.1 billion from $1.04 billion.