Copart, Inc. (CPRT) Advances While Market Declines: Some Information for Investors

Group 1 - Copart, Inc. (CPRT) stock closed at $46.69, showing a +1.09% change, outperforming the S&P 500 which fell by 0.25% [1] - Over the last month, Copart's shares decreased by 2.69%, underperforming the Business Services sector's loss of 1.99% and the S&P 500's gain of 2.71% [1] Group 2 - Analysts expect Copart to report earnings of $0.37 per share, reflecting a year-over-year growth of 12.12%, with quarterly revenue projected at $1.15 billion, up 7.23% from the previous year [2] - For the entire fiscal year, earnings are predicted to be $1.56 per share, with revenue expected to remain at $4.67 billion, indicating a growth of +11.43% in earnings and no change in revenue from the prior year [3] Group 3 - Recent changes in analyst estimates for Copart are crucial as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - Adjustments in estimates are linked to stock price performance, and the Zacks Rank system is designed to leverage these changes for investment decisions [5] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 ranked stocks have yielded an average annual return of +25% since 1988, with Copart currently holding a Zacks Rank of 3 (Hold) [6] Group 5 - Copart has a Forward P/E ratio of 26.75, which is a discount compared to the industry average Forward P/E of 41.75, indicating potential valuation attractiveness [7] - The Auction and Valuation Services industry, part of the Business Services sector, ranks in the bottom 16% of all industries, with a current Zacks Industry Rank of 208 [7]