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In the latest trading session, Copart, Inc. (CPRT) closed at $55.64, marking a +1.04% move from the previous day. This move outpaced the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Heading into today, shares of the company had lost 2.13% over the past month, outpacing the Business Services sector's loss of 2.97% and the S&P 500's loss of 4.03% in that time.
The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $0.42, showcasing a 7.69% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.24 billion, reflecting a 10.09% rise from the equivalent quarter last year.
CPRT's full-year Zacks Consensus Estimates are calling for earnings of $1.58 per share and revenue of $4.74 billion. These results would represent year-over-year changes of +12.86% and +11.86%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Copart, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Copart, Inc. possesses a Zacks Rank of #3 (Hold).
Investors should also note Copart, Inc.'s current valuation metrics, including its Forward P/E ratio of 34.85. For comparison, its industry has an average Forward P/E of 34.85, which means Copart, Inc. is trading at no noticeable deviation to the group.
The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.