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Copart, Inc. (CPRT) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $32.67, marking a -1.98% move from the previous day. This change lagged the S&P 500's 0.02% loss on the day. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq depreciated by 0.08%.
Prior to today's trading, shares of the company had gained 8.6% outpaced the Business Services sector's gain of 4.48% and the S&P 500's gain of 3.67%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.39, marking a 4.88% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 1.23% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.58 per share and a revenue of $4.63 billion, representing changes of -0.63% and -0.37%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Copart, Inc. currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Copart, Inc. is currently trading at a Forward P/E ratio of 20.05. For comparison, its industry has an average Forward P/E of 26.78, which means Copart, Inc. is trading at a discount to the group.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 49, this industry ranks in the top 20% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Copart, Inc. (CPRT) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $32.67, marking a -1.98% move from the previous day. This change lagged the S&P 500's 0.02% loss on the day. Elsewhere, the Dow saw a downswing of 0.21%, while the tech-heavy Nasdaq depreciated by 0.08%.
Prior to today's trading, shares of the company had gained 8.6% outpaced the Business Services sector's gain of 4.48% and the S&P 500's gain of 3.67%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.39, marking a 4.88% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 1.23% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.58 per share and a revenue of $4.63 billion, representing changes of -0.63% and -0.37%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Copart, Inc. currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Copart, Inc. is currently trading at a Forward P/E ratio of 20.05. For comparison, its industry has an average Forward P/E of 26.78, which means Copart, Inc. is trading at a discount to the group.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 49, this industry ranks in the top 20% of all industries, numbering over 250.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.