Copart, Inc. (CPRT) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Copart, Inc. (CPRT) closed at $51.71, with a slight increase of +0.12%, outperforming the S&P 500's loss of 0.71% [1] - Over the past month, shares have decreased by 4.37%, underperforming the Business Services sector's loss of 3.02% and the S&P 500's gain of 1.08% [1] - The upcoming earnings disclosure is expected to show an EPS of $0.37, reflecting an 8.82% increase from the same quarter last year, with revenue anticipated at $1.07 billion, a 7.4% increase year-over-year [1] Full Year Estimates - For the full year, earnings are projected at $1.43 per share and revenue at $4.24 billion, indicating increases of +13.49% and +9.55% respectively from the previous year [2] - Recent changes in analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [2] Valuation and Industry Ranking - Copart, Inc. has a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is currently trading at a Forward P/E ratio of 36.03, which aligns with the industry's average Forward P/E [3] - The Auction and Valuation Services industry, part of the Business Services sector, has a Zacks Industry Rank of 242, placing it in the bottom 4% of over 250 industries [3]