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Copart Inc. (CPRT) Has Surged To A New High After Q1 Profit Topped Expectations

Copart Inc. (CPRT) reported first quarter EPS of $0.33 after the close Tuesday, up from $0.28 a year ago. The consensus estimate was for EPS of $0.27.

Copart gapped open higher Wednesday and has spiked to the upside in early trade. The stock is now up 2.98 at $39.68 on above average volume. Copart has broken out of over a 1-month trading range and has set a new high for the year.

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