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Strength Seen in Copart (CPRT): Stock Soars 11.7%

Zacks Equity Research
Updated

Copart, Inc. CPRT was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $35.55 to $36.70 in the past one-month time frame.

The move came after the company reported stellar first-quarter fiscal 2018 results.

The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Copart currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Copart, Inc. Price

Copart, Inc. Price | Copart, Inc. Quote

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Investors interested in the Business Services sector may consider FTI Consulting, Inc. FCN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CPRT going up? Or down? Predict to see what others think: Up or Down

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To read this article on Zacks.com click here.
 
Zacks Investment Research