Copart(CPRT) ZACKS·2024-11-21 23:26Group 1: Earnings Performance - Copart, Inc. reported quarterly earnings of 0.34 per share a year ago [1] - The company posted revenues of 1.02 billion in the same quarter last year [2] - Over the last four quarters, Copart has surpassed consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Copart shares have increased approximately 13.1% since the beginning of the year, while the S&P 500 has gained 24.1% [4] - The current consensus EPS estimate for the upcoming quarter is 1.12 billion, and for the current fiscal year, it is 4.6 billion [8] - The estimate revisions trend for Copart is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] Group 3: Industry Context - The Auction and Valuation Services industry, to which Copart belongs, is currently in the top 1% of over 250 Zacks industries, suggesting a strong outlook for the sector [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]