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Copart, Inc. (CPRT) Outpaces Stock Market Gains: What You Should Know
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The latest trading session saw Copart, Inc. (CPRT - Free Report) ending at $58.63, denoting a +0.72% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.98%.
Shares of the company witnessed a gain of 4.62% over the previous month, trailing the performance of the Business Services sector with its gain of 9.93% and outperforming the S&P 500's gain of 2.07%.
Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.38, showcasing a 15.15% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, up 11.85% from the year-ago period.
CPRT's full-year Zacks Consensus Estimates are calling for earnings of $1.57 per share and revenue of $4.74 billion. These results would represent year-over-year changes of +12.14% and +11.81%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Copart, Inc. holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Copart, Inc. has a Forward P/E ratio of 37 right now. This denotes no noticeable deviation relative to the industry's average Forward P/E of 37.
The Auction and Valuation Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 36% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Copart, Inc. (CPRT) Outpaces Stock Market Gains: What You Should Know
The latest trading session saw Copart, Inc. (CPRT - Free Report) ending at $58.63, denoting a +0.72% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.98%.
Shares of the company witnessed a gain of 4.62% over the previous month, trailing the performance of the Business Services sector with its gain of 9.93% and outperforming the S&P 500's gain of 2.07%.
Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.38, showcasing a 15.15% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.14 billion, up 11.85% from the year-ago period.
CPRT's full-year Zacks Consensus Estimates are calling for earnings of $1.57 per share and revenue of $4.74 billion. These results would represent year-over-year changes of +12.14% and +11.81%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Copart, Inc. holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Copart, Inc. has a Forward P/E ratio of 37 right now. This denotes no noticeable deviation relative to the industry's average Forward P/E of 37.
The Auction and Valuation Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 36% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.