Copart Inc. Reports Decline Amid Industry Losses, Q3 Earnings Due Nov. 20

Copart, Inc. (CPRT) closed at $41.08, down -1.3% from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.05%. The company's earnings per share (EPS) are projected to be $0.4, reflecting an 8.11% increase from the same quarter last year. Full-year Zacks Consensus Estimates are calling for earnings of $1.68 per share and revenue of $4.87 billion, representing year-over-year changes of +5.66% and +4.76%, respectively. Copart possesses a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 24.77, which is a discount in comparison to the average Forward P/E of 31.81 for its industry.