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Copart, Inc. (CPRT) Stock Drops Despite Market Gains: Important Facts to Note
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Copart, Inc. (CPRT - Free Report) closed at $27.59 in the latest trading session, marking a -1.6% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the company had lost 14.41% lagged the Business Services sector's loss of 6.07% and the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.41, marking stability compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 2.41% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.65 per share and a revenue of $4.83 billion, demonstrating changes of +6.45% and +3.57%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 0.84% fall in the Zacks Consensus EPS estimate. As of now, Copart, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, Copart, Inc. is at present trading with a Forward P/E ratio of 17.01. This expresses a discount compared to the average Forward P/E of 26.95 of its industry.
It's also important to note that CPRT currently trades at a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.28.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Copart, Inc. (CPRT) Stock Drops Despite Market Gains: Important Facts to Note
Copart, Inc. (CPRT - Free Report) closed at $27.59 in the latest trading session, marking a -1.6% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the company had lost 14.41% lagged the Business Services sector's loss of 6.07% and the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.41, marking stability compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 2.41% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.65 per share and a revenue of $4.83 billion, demonstrating changes of +6.45% and +3.57%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, there's been a 0.84% fall in the Zacks Consensus EPS estimate. As of now, Copart, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, Copart, Inc. is at present trading with a Forward P/E ratio of 17.01. This expresses a discount compared to the average Forward P/E of 26.95 of its industry.
It's also important to note that CPRT currently trades at a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.28.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.