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Copart, Inc. (CPRT) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $32.94, marking a -1.5% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.59%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 1.2%.
Shares of the company have appreciated by 0.45% over the course of the past month, underperforming the Business Services sector's gain of 4.25%, and the S&P 500's gain of 8.64%.
Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.42, marking stability compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 1.6% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.58 per share and revenue of $4.65 billion, indicating changes of -0.63% and -0.03%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Copart, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Copart, Inc. is presently trading at a Forward P/E ratio of 21.11. This denotes a discount relative to the industry average Forward P/E of 23.65.
The Auction and Valuation Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Copart, Inc. (CPRT) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $32.94, marking a -1.5% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.59%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq gained 1.2%.
Shares of the company have appreciated by 0.45% over the course of the past month, underperforming the Business Services sector's gain of 4.25%, and the S&P 500's gain of 8.64%.
Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.42, marking stability compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 1.6% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.58 per share and revenue of $4.65 billion, indicating changes of -0.63% and -0.03%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Copart, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Copart, Inc. is presently trading at a Forward P/E ratio of 21.11. This denotes a discount relative to the industry average Forward P/E of 23.65.
The Auction and Valuation Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.