Copart, Inc. (CPRT) Laps the Stock Market: Here's Why

Group 1: Stock Performance - Copart, Inc. (CPRT) stock increased by 2.68% to $48.96, outperforming the S&P 500's gain of 1.52% on the same day [1] - Over the past month, the stock has risen by 3.05%, contrasting with the Business Services sector's decline of 0.57% and the S&P 500's increase of 1.1% [1] Group 2: Earnings Projections - The upcoming earnings per share (EPS) for Copart, Inc. is projected at $0.37, indicating a 12.12% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $1.15 billion, reflecting a 7.23% increase from the previous year [2] Group 3: Full Year Estimates - For the full year, earnings are projected at $1.56 per share, representing an 11.43% increase from the prior year [3] - Revenue for the full year is estimated to be $4.67 billion, showing no change from the previous year [3] Group 4: Analyst Estimates and Market Sentiment - Changes in analyst estimates for Copart, Inc. are crucial as they reflect short-term business trends and can indicate analysts' favorable outlook on the company's health and profitability [4] - Recent research indicates that estimate revisions correlate with near-term share price momentum, providing investors with actionable insights [5] Group 5: Zacks Rank and Valuation - Copart, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining unchanged over the past 30 days [6] - The company has a Forward P/E ratio of 27.61, which is lower than the industry average Forward P/E of 37.7, indicating a valuation discount [7] Group 6: Industry Context - The Auction and Valuation Services industry, part of the Business Services sector, has a Zacks Industry Rank of 210, placing it in the bottom 15% of over 250 industries [7] - The Zacks Industry Rank assesses the performance of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]