In the latest close session, Copart, Inc. (CPRT) was down 2.08% at $39.51. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the company had gained 1.2% over the past month, outpacing the Business Services sector's loss of 7% and the S&P 500's loss of 0.28%.
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 steadiness compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.18 billion, showing a 1.32% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.66 per share and a revenue of $4.76 billion, demonstrating changes of +4.4% and +2.34%, respectively, from the preceding year.
Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Copart, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Copart, Inc. is presently trading at a Forward P/E ratio of 24.38. This signifies a discount in comparison to the average Forward P/E of 25.73 for its industry.
The Auction and Valuation Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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