Copart(US:CPRT) ZACKSยท2024-08-27 13:13Company Performance - Copart, Inc. (CPRT) ended the latest trading session at $52.56, reflecting a -0.38% adjustment from the previous day's close, which lagged behind the S&P 500's 0.32% loss [1] - The company's stock has increased by 3.35% over the past month, outperforming the Business Services sector's gain of 0.64% and the S&P 500's gain of 1.52% [1] - The upcoming earnings release is expected to show an EPS of $0.37, representing an 8.82% increase compared to the same quarter last year, with projected revenue of $1.07 billion, reflecting a 7.4% rise from the equivalent quarter last year [1] Analyst Estimates - Recent adjustments to analyst estimates for Copart, Inc. indicate the dynamic nature of near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks generating an average annual return of +25% since 1988; currently, Copart, Inc. holds a Zacks Rank of 3 (Hold) [2] Valuation and Industry Position - Copart, Inc. is trading at a Forward P/E ratio of 32.84, which aligns with the average Forward P/E of 32.84 for its industry [3] - The Auction and Valuation Services industry, part of the Business Services sector, has a Zacks Industry Rank of 102, placing it in the top 41% of over 250 industries [3] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the potential for growth within the industry [3]