Copart, Inc. (CPRT) Exceeds Market Returns: Some Facts to Consider

Company Performance - Copart, Inc. (CPRT) closed at $56.22, reflecting a +1.06% change from the previous day, outperforming the S&P 500 which gained 0.12% [1] - Over the past month, shares of Copart, Inc. have decreased by 8.97%, underperforming the Business Services sector's loss of 6.13% and the S&P 500's loss of 3.45% [1] Upcoming Financial Results - Analysts expect Copart, Inc. to report earnings of$ 0.38 per share, representing a year-over-year growth of 15.15% [2] - The consensus estimate anticipates revenue of $1.14 billion, indicating an 11.85% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of$ 1.57 per share and revenue of $4.74 billion, reflecting changes of +12.14% and +11.81% respectively from the previous year [3] Analyst Estimates and Outlook - Recent changes to analyst estimates for Copart, Inc. are important as they reflect the shifting dynamics of short-term business patterns, with positive adjustments indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Copart, Inc. as 2 (Buy) [6] Valuation Metrics - Copart, Inc. is currently traded at a Forward P/E ratio of 35.36, which aligns with its industry's Forward P/E of 35.36 [7] - The Auction and Valuation Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [7]