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Copart, Inc. (CPRT) Gains As Market Dips: What You Should Know
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Copart, Inc. (CPRT - Free Report) closed at $29.55 in the latest trading session, marking a +2.04% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Shares of the company witnessed a gain of 6.16% over the previous month, beating the performance of the Business Services sector with its gain of 2.12%, and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. The company's upcoming EPS is projected at $0.41, signifying steadiness compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.18 billion, indicating a 2.41% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.63 per share and a revenue of $4.98 billion, signifying shifts of +5.16% and +6.74%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Copart, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, there's been a 0.85% fall in the Zacks Consensus EPS estimate. Currently, Copart, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Copart, Inc. has a Forward P/E ratio of 17.72 right now. This indicates a discount in contrast to its industry's Forward P/E of 21.39.
One should further note that CPRT currently holds a PEG ratio of 1.42. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Auction and Valuation Services industry held an average PEG ratio of 1.42.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Copart, Inc. (CPRT) Gains As Market Dips: What You Should Know
Copart, Inc. (CPRT - Free Report) closed at $29.55 in the latest trading session, marking a +2.04% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Shares of the company witnessed a gain of 6.16% over the previous month, beating the performance of the Business Services sector with its gain of 2.12%, and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. The company's upcoming EPS is projected at $0.41, signifying steadiness compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.18 billion, indicating a 2.41% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.63 per share and a revenue of $4.98 billion, signifying shifts of +5.16% and +6.74%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Copart, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, there's been a 0.85% fall in the Zacks Consensus EPS estimate. Currently, Copart, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Copart, Inc. has a Forward P/E ratio of 17.72 right now. This indicates a discount in contrast to its industry's Forward P/E of 21.39.
One should further note that CPRT currently holds a PEG ratio of 1.42. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Auction and Valuation Services industry held an average PEG ratio of 1.42.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.