In the latest trading session, Copart, Inc. (CPRT) closed at $44.16, marking a -1.12% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 1.86%.
Heading into today, shares of the company had lost 0.47% over the past month, outpacing the Business Services sector's loss of 5.43% and lagging the S&P 500's gain of 2.45%.
The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.4, signifying a 8.11% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.19 billion, showing a 3.35% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.68 per share and a revenue of $4.87 billion, representing changes of +5.66% and +4.76%, respectively, from the prior year.
Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.14% decrease. Right now, Copart, Inc. possesses a Zacks Rank of #4 (Sell).
Investors should also note Copart, Inc.'s current valuation metrics, including its Forward P/E ratio of 26.58. This valuation marks a discount compared to its industry average Forward P/E of 33.53.
The Auction and Valuation Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Copart, Inc. (CPRT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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