In the latest trading session, Copart, Inc. (CPRT) closed at $38.54, marking a +2.03% move from the previous day. This move outpaced the S&P 500's daily gain of 0.64%. Meanwhile, the Dow gained 1.23%, and the Nasdaq, a tech-heavy index, added 0.69%.
The stock of company has fallen by 2.45% in the past month, lagging the Business Services sector's gain of 1.24% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. In that report, analysts expect Copart, Inc. to post earnings of $0.39 per share. This would mark a year-over-year decline of 2.5%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.17 billion, indicating a 0.41% increase compared to the same quarter of the previous year.
CPRT's full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and revenue of $4.75 billion. These results would represent year-over-year changes of +3.14% and +2.15%, respectively.
Investors should also note any recent changes to analyst estimates for Copart, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.2% lower. Currently, Copart, Inc. is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Copart, Inc. is currently trading at a Forward P/E ratio of 23.03. Its industry sports an average Forward P/E of 23.87, so one might conclude that Copart, Inc. is trading at a discount comparatively.
The Auction and Valuation Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 17% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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