Copart, Inc. (CPRT) closed at $28.99 in the latest trading session, marking a -1.39% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.26%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.54%.
The stock of company has risen by 6.83% in the past month, leading the Business Services sector's gain of 1.98% and the S&P 500's gain of 2.13%.
The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at $0.39, signifying a 4.88% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 1.23% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.58 per share and a revenue of $4.63 billion, signifying shifts of -0.63% and -0.37%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Copart, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 remained stagnant. Copart, Inc. currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 17.69. This represents a discount compared to its industry average Forward P/E of 28.42.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 201, this industry ranks in the bottom 19% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Copart, Inc. (CPRT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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