Copart, Inc. (CPRT) Ascends While Market Falls: Some Facts to Note

Core Insights - Copart, Inc. (CPRT) stock increased by 1.76% to $46.55, outperforming the S&P 500, which fell by 0.49% [1] - Over the past month, Copart's shares declined by 6.33%, underperforming the Business Services sector's loss of 3.04% and the S&P 500's gain of 0.96% [1] Financial Performance Expectations - Upcoming financial results are anticipated to show an EPS of $0.37, reflecting a 12.12% increase from the same quarter last year [2] - Revenue is projected to be $1.15 billion, indicating a growth of 7.23% compared to the corresponding quarter of the previous year [2] Annual Estimates - For the annual period, earnings are expected to be $1.56 per share, representing an increase of 11.43%, while revenue is forecasted to remain stable at $4.67 billion [3] - Recent analyst estimate revisions suggest optimism regarding Copart's business and profitability [3] Analyst Ratings and Valuation - The Zacks Rank system, which evaluates estimate changes, currently ranks Copart, Inc. as 3 (Hold) [5] - The company is trading at a Forward P/E ratio of 26.49, which is a discount compared to its industry's Forward P/E of 42 [6] Industry Context - The Auction and Valuation Services industry, part of the Business Services sector, has a Zacks Industry Rank of 211, placing it in the bottom 15% of over 250 industries [6] - Research indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]