We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can Copart (CPRT) Run Higher on Strong Earnings Estimate Revisions?
Read MoreHide Full Article
Copart, Inc. (CPRT - Free Report) is an independent oil and natural gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CPRT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Copart could be a solid choice for investors.
Current Quarter Estimates for CPRT
In the past 30 days, four estimates have gone higher for Copart while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 43 cents a share 30 days ago, to 48 cents today, a move of 11.6%.
Current Year Estimates for CPRT
Meanwhile, Copart current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.52 per share 30 days ago to $1.74 per share today, an increase of 14.5%.
The stock has also started to move higher lately, adding 12.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Can Copart (CPRT) Run Higher on Strong Earnings Estimate Revisions?
Copart, Inc. (CPRT - Free Report) is an independent oil and natural gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CPRT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Copart could be a solid choice for investors.
Current Quarter Estimates for CPRT
In the past 30 days, four estimates have gone higher for Copart while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 43 cents a share 30 days ago, to 48 cents today, a move of 11.6%.
Current Year Estimates for CPRT
Meanwhile, Copart current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.52 per share 30 days ago to $1.74 per share today, an increase of 14.5%.
Copart, Inc. Price and Consensus
Copart, Inc. Price and Consensus | Copart, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 12.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>