A Look Into Copart Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Copart Inc.'s stock price is currently at $90.25, after a 1.05% decrease. However, over the past month, the stock has increased by 2.45%, and over the past year, it has increased by 60.76%. The company's P/E ratio is lower than the aggregate P/E of 54.6 of the Commercial Services & Supplies industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
July 03, 2023 | 7:04 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Copart Inc.'s stock price has decreased by 1.05% to $90.25. However, it has increased by 2.45% over the past month and 60.76% over the past year. The company's P/E ratio is lower than the industry average, which could suggest that the stock is undervalued or that shareholders do not expect future growth.
The decrease in Copart Inc.'s stock price in the current market session could have a negative impact on the stock in the short term. However, the stock's increase over the past month and year, as well as its lower P/E ratio compared to the industry average, could suggest that the stock is undervalued and has potential for growth in the future. This could have a positive impact on the stock in the long term. However, the lower P/E ratio could also suggest that shareholders do not expect future growth, which could have a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100