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Copart, Inc. (CPRT) Stock Falls Amid Market Uptick: What Investors Need to Know
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Copart, Inc. (CPRT - Free Report) ended the recent trading session at $31.95, demonstrating a -1.63% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw a downswing of 0.46%, while the tech-heavy Nasdaq appreciated by 1.09%.
Heading into today, shares of the company had gained 18.19% over the past month, outpacing the Business Services sector's gain of 8.58% and the S&P 500's loss of 5.4%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.41, showcasing no movement from the corresponding quarter of the prior 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 are projecting earnings of $1.63 per share and revenue of $4.98 billion, which would represent changes of +5.16% and +7.36%, respectively, from the prior 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Copart, Inc. is currently a Zacks Rank #4 (Sell).
In terms of valuation, Copart, Inc. is presently being traded at a Forward P/E ratio of 19.88. This indicates a discount in contrast to its industry's Forward P/E of 22.72.
One should further note that CPRT currently holds a PEG ratio of 1.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Auction and Valuation Services industry stood at 1.59 at the close of the market yesterday.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 222, this industry ranks in the bottom 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
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 Falls Amid Market Uptick: What Investors Need to Know
Copart, Inc. (CPRT - Free Report) ended the recent trading session at $31.95, demonstrating a -1.63% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw a downswing of 0.46%, while the tech-heavy Nasdaq appreciated by 1.09%.
Heading into today, shares of the company had gained 18.19% over the past month, outpacing the Business Services sector's gain of 8.58% and the S&P 500's loss of 5.4%.
The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.41, showcasing no movement from the corresponding quarter of the prior 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 are projecting earnings of $1.63 per share and revenue of $4.98 billion, which would represent changes of +5.16% and +7.36%, respectively, from the prior 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Copart, Inc. is currently a Zacks Rank #4 (Sell).
In terms of valuation, Copart, Inc. is presently being traded at a Forward P/E ratio of 19.88. This indicates a discount in contrast to its industry's Forward P/E of 22.72.
One should further note that CPRT currently holds a PEG ratio of 1.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Auction and Valuation Services industry stood at 1.59 at the close of the market yesterday.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 222, this industry ranks in the bottom 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.