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Copart, Inc. (CPRT) Exceeds Market Returns: Some Facts to Consider
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Copart, Inc. (CPRT - Free Report) closed the most recent trading day at $27.65, moving +1.58% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
The stock of company has fallen by 19.28% in the past month, lagging the Business Services sector's loss of 4.68% and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. In that report, analysts expect Copart, Inc. to post earnings of $0.41 per share. This would mark no growth from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.18 billion, indicating a 2.41% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.65 per share and revenue of $4.83 billion, indicating changes of +6.45% and +3.57%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, the Zacks Consensus EPS estimate has shifted 0.84% downward. Right now, Copart, Inc. possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 16.52. This valuation marks a discount compared to its industry average Forward P/E of 24.94.
We can also see that CPRT currently has a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.25.
The Auction and Valuation Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% 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.
To follow CPRT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Copart, Inc. (CPRT) Exceeds Market Returns: Some Facts to Consider
Copart, Inc. (CPRT - Free Report) closed the most recent trading day at $27.65, moving +1.58% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
The stock of company has fallen by 19.28% in the past month, lagging the Business Services sector's loss of 4.68% and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. In that report, analysts expect Copart, Inc. to post earnings of $0.41 per share. This would mark no growth from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.18 billion, indicating a 2.41% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.65 per share and revenue of $4.83 billion, indicating changes of +6.45% and +3.57%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, the Zacks Consensus EPS estimate has shifted 0.84% downward. Right now, Copart, Inc. possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 16.52. This valuation marks a discount compared to its industry average Forward P/E of 24.94.
We can also see that CPRT currently has a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.25.
The Auction and Valuation Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% 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.
To follow CPRT in the coming trading sessions, be sure to utilize Zacks.com.