Copart, Inc. CPRT was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $73.68 to $76.87 in the past one-month time frame.
The upmove came after the company reported better-than-expected fiscal fourth quarter 2019 (ended Jul 31, 2019) results.
The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Tailored Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Copart currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Copart, Inc. Price
Copart, Inc. price | Copart, Inc. Quote
Investors interested in the Auction and Valuation Services industry may consider Ritchie Bros. Auctioneers Incorporated RBA, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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