Copart slips as Q1 revenue misses estimates

Shares of online vehicle auctioneer Copart CPRT.O down 3% at $39.80 premarket after Q1 revenue misses estimates

Co posts Q1 revenue of $1.16 bln vs $1.17 bln est, hurt by falling vehicle values and weak used-car demand

Co posts EPS of 41 cents, above analyst est. of 39 cents

Seven of 13 analysts rate the stock "buy" or higher, five "hold"; their median PT is $57.72 - data compiled by LSEG

As of last close, stock down 28.5% YTD