GBA Presents: RADIO SAVANT-!

You guys wanna talk about a recession proof model.
One of my all time favorites and its been beat down.

Copart
CPRT

They just reported tonight. Why this company always waits until after 6PM beats me, but they do. Texan's. Whatever.

This is a strong report, but they never give guidance initially.
The thing I like most about this company.... aside from the fact that it's a cash-cow business.... they own tons and tons of property. And zero debt with a billion in cash on the books.
But that aside check out this last quarter.

This is a mature company btw.
That's solid growth.
Still pricey, and there'll come a point where they'll either need to up the buyback or start paying a dividend.

If this things breaks $90 tomorrow because of a bad market, buy it and then forget you own it.

And note, this is not a Carvana or Vroom type business.
It's 1000X different.

Now I'm sure Stoney will point out that I loved it at $140, and I did, but that's when every stock in the world was to the moon.
But now everything has changed. Roblox is no longer worth $120 :rolleyes:, or 10 dozen other stocks that have totally friggin crashed. Now it's time to look for real value.
Copart's one of those.


Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2022.

For the three months ended April 30, 2022, revenue, gross profit, and net income were $939.9 million, $436.3 million, and $278.6 million, respectively. <<<(*look at those ratios)

These represent an increase in revenue of $206.0 million, or 28.1%; an increase in gross profit of $54.9 million, or 14.4%; and a decrease in net income of $(8.2) million, or (2.9)%, respectively, from the same period last year. Fully diluted earnings per share for the three months were $1.16 compared to $1.19 last year, a decrease of (2.5)%.<<< (this will get it hammered but they still beat by .02 and smoked the top line revenue estimates)

For the nine months ended April 30, 2022, revenue, gross profit, and net income were $2,617.5 million, $1,224.6 million, and $826.4 million, respectively. These represent an increase in revenue of $673.7 million, or 34.7%; an increase in gross profit of $239.0 million, or 24.3%; and an increase in net income of $145.9 million, or 21.4%, respectively, from the same period last year. Fully diluted earnings per share for the nine months were $3.42 compared to $2.83 last year, an increase of 20.8%.

______________________________________

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platform links sellers to more than 750,000 members in over 170 countries. Copart offers services to process and sell vehicles to dealers, dismantlers, rebuilders, exporters, and to the general public. Copart sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. With operations at over 200 locations in 11 countries, Copart has more than 250,000 vehicles available online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain
 
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diddity dee diddity dee diddity dee... S>O>S>>

Hallo Hallo.... This is The Whip Of Intelligence we have been struck by a Chinese Freighter.... S.O.S-! We took on water over night and I killed a mouse with a BOOK!

GOOD MORNING GOOD MORNING. >

The market went way down was it all about Target? I don't think so. >
The prospects of the war turning into along dragged out event has overwhelmed the market.
Republicans starting to question funding for Ukraine has betrayed some red beating hearts.
That's what Putin wants.

The Virus outbreak is totally our of control but it's endemic now -- few care. That might be a mistake. Booster uptake is low. To make matters worse there has been a case of Monkey Pox!
(and 2 in England)...

But the real over arcing reason is the risk of recession. The market has gone from pricing in a severe slowdown to pricing in a recession. Recessions I've been through a few but one with staggering high inflation? That is new. The market does not like new. Somehow the Target miss has convinced everyone the recession is coming. I don't quite draw the same line but obviously the market doesn't care what I think.

Goldman Sachs sees 35% chance of U.S. recession in next two years 06:56 $ECON, SPX, SPY Goldman Sachs economists estimate a 35% probability that the U.S. economy will enter a recession during the next two years and believe the yield curve is pricing a similar likelihood of a contraction, strategist David Kostin tells investors in a research note. Rotations within the U.S. equity market indicate that investors are pricing elevated odds of a downturn compared with the strength of recent economic data, writes Kostin. He says that while a recession is not inevitable, Goldman clients "constantly ask what to expect from equities in the event of a recession." Across 12 recessions since World War II, the S&P 500 Index has contracted from peak to trough by a median of 24%, according to Kostin. A decline of this magnitude from the S&P 500 peak of nearly 4,800 in January 2022 would bring the S&P 500 to approximately 3,650, or 11% below current levels, he points out.

Ok that's Goldman on record. There is a 65% Chance of NO recession. Hopefully the market figures that out today and tomorrow.
 
Marqeta adds Evolve Bank & Trust as bank partner for program management 07:04 MQ Marqeta added Evolve Bank & Trust as a new bank partner to offer additional solutions for Marqeta's program management capabilities. Evolve works with a portfolio of fintech companies to provide a range of services, including an Open Banking division in which they offer "Banking as a Service" payment and technology solutions. As a bank partner for Marqeta's platform in the U.S., Evolve will support the full range of Marqeta's program management capabilities, including BIN management, on-demand fulfillment, compliance reporting and settlement services as a customer is guided through onboarding to launch a program in-market.

Citi opens 'positive Catalyst Watch' on Merus into data 06:35 MRUS Citi analyst Yigal Nochomovitz lowered the firm's price target on Merus to $37 from $38 and keeps a Buy rating on the shares. The analyst opened a "positive Catalyst Watch" on the shares ahead of the updated Phase 1/2 data for zenocutuzumab in NRG1 fusions. Nochomovitz remains bullish on zenocutuzumab and expects the upcoming data to solidify the path to a tumor-agnostic application filing within the next 6-12 months.
 
Futu Holdings assumed with a Buy at China Renaissance 06:32 FUTU China Renaissance analyst Cindy Wang assumed coverage of Futu Holdings with a Buy rating and price target of $51.80, down from $198. The analyst is positive on Futu's new paying customer acquisition on overseas expansion, which she says will drive total client assets. Wang expects fast expansion in Singapore, with an estimated 20% share of the investing population.

Public Storage upgraded to Outperform from Market Perform at BMO Capital 06:10 PSA BMO Capital analyst Juan…

Thor Industries downgraded to Underperform from Neutral at DA Davidson 07:23 THO DA Davidson analyst Brandon Rolle downgraded Thor Industries to Underperform from Neutral with a $60 price target.

Sportradar price target lowered to $14 from $24 at JPMorgan 07:17 SRAD JPMorgan analyst David Karnovsky lowered the firm's price target on Sportradar to $14 from $24 and keeps an Overweight rating on the shares post the Q1 results.

Mersana announces FDA grant of orphan drug designation to XMT-2056

Costco price target lowered to $503 from $634 at Truist 07:30 COST Truist analyst Scot…
 
Target blamed everything on inflation... a bit of BS there take out gas / shipping costs containers, etc and what inflation-- hangers?

Children's place I think explains it better-- Children's place was one place mothers ran to when they got the stimulus checks away from their husbands.... So comps are very difficult<----

We will talk about this more- But those same stimulus checks stoked all this inflation.

It was great while it lasted I guess ( I didn't get one ) That's why this is a Reverse Cowgirl Market.

Children's Place reports Q1 adjusted EPS $1.05, consensus $1.46 07:07 PLCE Reports Q1 revenue $362.4M, consensus $401.59M. Jane Elfers, President and Chief Executive Officer announced, "Our Q1 results were negatively impacted by several factors, the largest being lapping the unprecedented stimulus released into the economy in March of 2021. March sales this year were extremely challenging with sales down approximately 35% versus March 2021. We also believe that the combination of the unseasonably cold weather that lasted through the end of the quarter in most of our key markets, and the unprecedented levels of inflation, particularly with respect to gasoline and food prices, negatively impacted our Q1 results. On a positive note, for the first time in three years families joined together to celebrate the Easter Holiday, and we were very pleased with the performance of our Easter Dressy Business across all three of our brands. Gymboree and TCP had standout performances across all dressy categories and Sugar & Jade delivered strong results in the categories where we had dressy ownership. We are proud to announce that starting this July, Amazon will launch our iconic Gymboree brand on their website. We are excited to continue to grow Gymboree by partnering with the number one apparel retailer in the U.S. to reach a significantly larger, digitally savvy, customer base and to build upon the Gymboree momentum in 2022 and beyond." Looking ahead, while the impact of last year's stimulus will eventually wane and the weather will eventually change, we believe that the unprecedented levels of inflation, which are now projected to persist into 2023, will continue to have an outsized impact on the lower income consumer, particularly due to significantly higher gasoline and food prices. Due to these persistently high levels of inflation and the lack of visibility into its impact on the balance of the year, we are tempering our top line expectation for 2022 and we are now planning for a mid-single digit decline in sales for 2022. Despite these headwinds, and supported by the significant structural reset we have made to our business model over the past two years, we remain focused on our goal of delivering double digit operating margin and double digit EPS for 2022 and beyond. Several years ago, we developed a multi-pronged transformation strategy focused on four key initiatives; superior product, digital transformation, fleet optimization, and alternate channels of distribution. Fast forward to today; our expanded, high quality, value focused multi-brand offerings are consistently well received. Our accelerated digital investments have positioned us as an industry-leader in digital penetration, with our digital channel being our highest operating margin contributor. Our investments in digital marketing capabilities now enable us to be significantly more strategic and nimble with respect to marketing spend and tactics. Our real estate portfolio has been completely transformed by a combination of right-sizing our store fleet and a structural reset of our occupancy costs. Our Amazon business is growing rapidly and, with the addition of Gymboree, Amazon becomes an even more important part of our growth strategy. The continued successful execution of these key strategic initiatives will remain our priority in 2022."
 
Kronos Worldwide price target raised to $20 from $18 at Deutsche Bank 07:10 KRO Deutsche Bank analyst…

Krispy Kreme celebrates Class of 2022 with free Senior Day Dozen 06:08 DNUT Krispy Kreme is celebrating this year's high school and college seniors - and their dedication and perseverance throughout the pandemic - with a FREE dozen doughnuts May 25 and the return of the Graduate Dozen, available beginning May 23. On Wednesday, May 25, any senior who wears Class of 2022 swag - from shirts and jackets to graduation cap and gown - can get a "Senior Day Dozen" FREE at participating shops while supplies last.

Klarna looks to raise up to $1B at lower valuation, WSJ reports 06:04 SFTBY, AFRM, PYPL, SQ Buy-now-pay-later startup…

This is sig- Klarna is the biggest and best... How much of a discount?

SQM reports Q1 EPS $2.79, consensus $1.28 05:21 SQM Reports Q1 revenue $2.02B, consensus $1.28B. Adjusted EBITDA margin for the first three months of 2022 reached 58.7%. SQM's CEO, Ricardo Ramos, stated: "Our first quarter results reflect several positive circumstances; first, the impact of higher prices in all our business lines, where significant increases in lithium prices stand out, and second, the successful long-term, operational and commercial strategy."<---------:thumbsup:

Barclays upgraded to Outperform from Market Perform at Keefe Bruyette 04:59 BCS Keefe Bruyette analyst…

Denbury, Nutrien enter agreement for transportation and storage of CO2 17:03 DEN, NTR Denbury Carbon Solutions, a wholly owned subsidiary of Denbury (DEN) and PCS Nitrogen Fertilizer, a wholly owned subsidiary of Nutrien (NTR) announced that the parties have reached a term-sheet agreement under which Denbury would transport and store carbon dioxide captured from Nutrien's potential new clean ammonia project at its Geismar, Louisiana location. Nutrien is evaluating its Geismar, Louisiana, ammonia facilities as a potential site for new ammonia production to serve growing demand in agriculture, industrial and emerging energy markets. Nutrien is progressing the proposed project to the front-end engineering design phase, with a final investment decision expected to follow in 2023 and, if approved, full production by 2027. The new plant is expected to have annual production capacity of 1.2M metric tons of clean ammonia, with approximately 1.8M metric tons per year of CO2 to be captured. Under the terms of the agreement, Nutrien would pay Denbury for the transportation and sequestration of the associated CO2 into Denbury's secure underground containment sites. The initial term of the agreement is 12 years, with up to two extension terms of five years each.
 
WOA-!

Under Armour CEO Patrik Frisk to step down, Colin Browne named interim CEO 16:32 UA, UAA Under Armour announced that Patrik Frisk will step down as President and CEO and as a member of the Board of Directors, effective June 1. The board has initiated a comprehensive internal and external search process to identify a permanent President and CEO. Until a successor is named, the board has appointed Colin Browne, the company's COO, as interim President and CEO, effective June 1. To support the transition, Frisk will remain with Under Armour as an advisor through September 1. Since joining the company in 2016, Browne modernized Under Armour's digital go-to-market strategy and direct-to-consumer model and transformed its supply chain organization, leading to significant margin improvement and operating efficiency. Browne has held the role of COO since 2020 and oversees supply chain, global planning, sustainability, information technology, enterprise data management, commercial optimization, go-to-market strategy, and distribution capabilities. Browne has been an integral part of the company's successful transformation, and his leadership has been critical to navigating global supply challenges caused by the pandemic.
 
FedEx and Aurora expand autonomous trucking pilot in TX ahead of schedule 16:17 AUR, FDX Aurora Innovation (AUR) and FedEx (FDX) "announced the expansion of their pilot program to autonomously move FedEx shipments on an additional commercial lane in Texas. Aurora is now autonomously hauling freight for FedEx on two commercial lanes: Dallas to Houston, and Fort Worth to El Paso. In March 2022, Aurora's next-generation autonomous trucks - based on the new Peterbilt 579 - began to transport FedEx shipments between Aurora's new terminals in Fort Worth and El Paso. Aurora is making the 600-mile trip on a weekly basis with safety drivers on board and expects to increase the frequency of trips in the coming months. Aurora continues to move shipments for FedEx between Aurora's South Dallas terminal and its new Houston terminal on a daily basis."

AURORA--- Uber sold it's self driving tech to this co.


Nuscale Power signs MoU with Associated Electric Cooperative over SMR deployment 16:16 SMR NuScale Power and Associated Electric Cooperative signed a Memorandum of Understanding to evaluate NuScale's VOYGR power plants for potential deployment. This announcement showcases the ever-growing demand for NuScale's small modular reactor technology to supply communities across America with reliable, affordable and clean energy. Headquartered in Springfield, Missouri, Associated is owned by and provides wholesale power to a system of six regional transmission cooperatives and their 51 local distribution cooperatives. This cooperative system delivers electricity to 2.1 million people in Missouri, northeast Oklahoma and southeast Iowa. Comprised primarily of rural business owners, families, and industries, Associated is dedicated to serving its members' unique power needs reliably, affordably and responsibly. "We are thrilled to continue NuScale's incredible momentum by exploring this opportunity with Associated Electric Cooperative," said John Hopkins, President and Chief Executive Officer of NuScale. "NuScale and Associated both hold the same values that drive our respective organization's missions and goals - the desire to bring clean, dependable,

 
In China do they think a heavy parka protects them from Covid?

Canada Goose flies on surprise profit, bullish forecast
May 19, 2022 8:05 AM ET Canada Goose Holdings Inc. (GOOS)
image_1191557018.jpg




Canada Goose Holdings (NYSE:GOOS) is soaring on Thursday after posting a bottom line and in the black offering a bullish forecast for the year ahead.

For itsfiscal fourth quarter, the Toronto-based winter apparelmanufacturer reported non-GAAP EPS of C$0.04, coming in above the expected one cent loss. Meanwhile, revenue of C$223.1 million was a nearly 7% jump from the year prior and just C$360,000 below expectations. Margins also expanded, growing 270 basis points from the year prior despite higher material costs and supply chain problems.

“We closed fiscal 2022 with record sales for the year and confidence in our ability to accelerate earnings growth in Fiscal 2023 and beyond,” CEO Dani Reiss said. “Our brand momentum, team and track record of execution gives us the ultimate conviction in the road ahead.”

Due to that firm conviction, the company now expects total revenue C$1.3 billion to C$1.4 billion for its fiscal 2023 against analyst consensus set at C$1.3 billion. For earnings per share, the company now anticipates adjusted per-share profit of C$1.60 to C$1.90 for the full year against analyst estimates that were set at C$1.61.

Shares jumped over 11% in pre-market hours based upon the positive print.

To be sure, the rosy forecast relies upon China, which has been a key market for the purveyor of expensive parkas.
 
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