In the latest trading session, Copart, Inc. (CPRT) closed at $27.51, marking a -1.29% move from the previous day. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.
Shares of the company have depreciated by 4.82% over the course of the past month, underperforming the Business Services sector's gain of 2.13%, and the S&P 500's gain of 1.46%.
The upcoming earnings release of Copart, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.41, signifying steadiness compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.18 billion, indicating a 2.41% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.63 per share and a revenue of $4.98 billion, indicating changes of +5.16% and +6.74%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Copart, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.85% lower. 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 17.06. This valuation marks a discount compared to its industry average Forward P/E of 21.06.
One should further note that CPRT currently holds a PEG ratio of 1.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CPRT's industry had an average PEG ratio of 1.36 as of yesterday's close.
The Auction and Valuation Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Copart, Inc. (CPRT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).