Copart Stock (NASDAQ:CPRT), Trade Ideas

Copart

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.

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Copart Inc

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 15 years by 12.44% on an annualized basis producing an average annual return of 25.05%. Currently, Copart has a market capitalization of $53.71 billion. 
Buying $100 In CPRT: If an investor had bought $100 of CPRT stock 15 years ago, it would be worth $2,970.71 today based on a price of $55.86 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712775628_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $3,000 Today

JP Morgan analyst Jash Patwa maintains Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) with a Neutral and raises the price target from $48 to $52.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Copart, Raises Price Target to $52

Copart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NYSE">CPRT</a>) short percent of float has risen 55.96% since its last report. The company recently reported that it has 13.18 million shares sold short, which is 1.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.12 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Copart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712243715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Copart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Copart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Copart's peer group average for short interest as a percentage of float is 4.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

(CPRT) - Analyzing Copart's Short Interest

Making a noteworthy insider sell on April 1, JAYSON ADAIR, Executive Chairman at Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), is reported in the latest SEC filing.
What Happened: ADAIR's decision to sell 600,000 shares of Copart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000900075/000162828024014186//Archives/edgar/data/900075/000162828024014186/0001628280-24-014186-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $34,662,000.
In the Tuesday's morning session, Copart's shares are currently trading at $57.51, experiencing a down of 0.96%.
<h3>About Copart</h3>
Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.
<h3>Unraveling the Financial Story of Copart</h3>
Revenue Growth: Copart's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 6.63%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 45.5%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Copart's EPS reflects a decline, falling below the industry average with a current EPS of 0.34.
</li>
</ul>
Debt Management: Copart's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.02.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Copart's current Price to Earnings (P/E) ratio of 41.48 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 13.89, Copart's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 30.36, Copart demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Uncovering the Importance of Insider Activity</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000900075">Check Out The Full List Of Copart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sell Alert: JAYSON ADAIR Cashes Out $34.66M In Copart Stock

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 10 years by 18.01% on an annualized basis producing an average annual return of 28.75%. Currently, Copart has a market capitalization of $55.56 billion. 
Buying $100 In CPRT: If an investor had bought $100 of CPRT stock 10 years ago, it would be worth $1,257.38 today based on a price of $57.79 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711569616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Copart 10 Years Ago Would Be Worth This Much Today

As of March 15, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Grindrod Shipping Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grin#NASDAQ">GRIN</a>)</h3>
<ul>
<li>On Feb. 28, Grindrod Shipping posted a narrower-than-expected quarterly loss. The company&rsquo;s stock gained around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/GRIN">52-week high of $14.90 </a>.</li>
<li>RSI Value: 72.96</li>
<li>GRIN Price Action: Shares of Grindrod Shipping gained 6.7% to close at $9.73 on Thursday.</li>
</ul>
<h3>NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>)</h3>
<ul>
<li>On March 14, NuScale Power posted downbeat quarterly sales. &quot;Over the course of 2023, we made significant progress towards commercializing our SMR technology, including continued activities to ensure readiness for manufacturing of our first NuScale Power Modules, building traction amongst data centers and further developing industrial applications for SMRs, such as process heat, hydrogen, and ammonia production,&quot; said John Hopkins, President and Chief Executive Officer of NuScale Power. The company&rsquo;s stock gained around 55% over the past five days and <a href="https://www.benzinga.com/quote/SMR"> has a 52-week high </a> of $9.27.</li>
<li>RSI Value: 84.89</li>
<li>SMR Price Action: Shares of NuScale Power gained 2.3% to close at $7.24 on Thursday.</li>
</ul>
<h3>Copart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cprt#NASDAQ">CPRT</a>)</h3>
<ul>
<li>On March 11, Copart named Jeff Liaw as CEO and Director, and Jay Adair as Executive Chairman. The company&rsquo;s stock gained around 13% over the past month has a <a href="https://www.benzinga.com/quote/CPRT"> 52-week high </a> of $56.96.</li>
<li>RSI Value: 75.07</li>
<li>CPRT Price Action: Shares of Copart gained 0.3% to close at $56.42 on Thursday.</li>
</ul>
<h3>General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>)</h3>
<ul>
<li>On March 7, General Electric said that GE Aerospace reaffirmed its guidance, presenting a longer-term financial outlook, including achieving operating profit worth $10 billion in 2028. The company&rsquo;s stock jumped around 12% over the past month and has a 52-week high is $175.81.</li>
<li>RSI Value: 72.30</li>
<li>GE Price Action: Shares of General Electric fell 2% to close at $166.75 on Wednesday.</li>
</ul>
<h3>Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>)</h3>
<ul>
<li>On March 1, Tennant announced that it has acquired M&amp;F Management and Financing, the parent company of TCS EMEA, as Tennant seeks to accelerate growth in the EMEA region. The company&rsquo;s stock jumped around 10% over the past month and <a href="https://www.benzinga.com/quote/TNC"> has a 52-week high </a> of $117.00.</li>
<li>RSI Value: 70.55</li>
<li>TNC Price Action: Shares of Tennant fell 0.6% to close at $112.07 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37687466/how-to-earn-500-a-month-from-pfizer-stock-after-a-surprise-profit-turning-quarter"> How To Earn $500 A Month From Pfizer Stock After A Surprise Profit-Turning Quarter </a>

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 20 years by 13.02% on an annualized basis producing an average annual return of 21.0%. Currently, Copart has a market capitalization of $52.69 billion. 
Buying $1000 In CPRT: If an investor had bought $1000 of CPRT stock 20 years ago, it would be worth $45,042.77 today based on a price of $54.80 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710268221_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Copart 20 Years Ago Would Be Worth This Much Today

Liaw has been serving as Co-CEO since&nbsp;March 2022.Jay Adair, who served as the Company&#39;s CEO from&nbsp;February 2010&nbsp;to&nbsp;February 2022&nbsp;and as Co-CEO along with Mr. Liaw since&nbsp;March 2022&nbsp;will step down from that role.

Management

Copart Names Jeff Liaw As CEO And Director And Jay Adair As Executive Chairman

Copart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NYSE">CPRT</a>) short percent of float has risen 17.82% since its last report. The company recently reported that it has 9.22 million shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Copart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709302520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Copart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Copart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Copart's peer group average for short interest as a percentage of float is 3.49%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Copart?

JP Morgan analyst Jash Patwa reinstates Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) with a Neutral and announces $48 price target.

Initiation

JP Morgan Reinstates Neutral on Copart, Announces $48 Price Target

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 15 years by 11.94% on an annualized basis producing an average annual return of 26.05%. Currently, Copart has a market capitalization of $49.09 billion. 
Buying $1000 In CPRT: If an investor had bought $1000 of CPRT stock 15 years ago, it would be worth $32,049.40 today based on a price of $51.12 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708966822_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Copart 15 Years Ago Would Be Worth This Much Today

General

Copart shares are trading lower after the company reported worse-than-expected Q2 financial results.

U.S. stock futures were lower this morning, with the Dow futures trading lower by around 25 points on Friday.
Shares of Ardelyx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ardx#NASDAQ">ARDX</a>) fell sharply in today&rsquo;s pre-market trading after the company reported mixed <a href="https://www.benzinga.com/news/earnings/24/02/37273692/ardelyx-reports-mixed-q4-results-earnings-miss-revenue-beat">fourth-quarter financial results</a>.
Ardelyx reported quarterly losses of 12 cents per share which missed the analyst consensus estimate of losses of 10 cents. The company reported quarterly sales of $34.36 million, beating the analyst consensus estimate of $34.23 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Ardelyx shares dipped 13.3% to $7.65 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares dipped 38.2% to $12.58 in pre-market trading after reporting fourth-quarter results.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares declined 15% to $5.86 in pre-market trading following weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) shares tumbled 14.2% to $37.64 in pre-market trading after the company issued weak sales forecast for the first quarter.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares declined 9.1% to $3,545.61 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) shares fell 8.1% to $1,671.42 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>Copart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cprt#NASDAQ">CPRT</a>) shares declined 7.8% to $45.56 in pre-market trading after the company reported worse-than-expected second-quarter financial results.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) shares fell 7.8% to $15.69 in pre-market trading following weak quarterly sales.</li>
<li>Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>) declined 6% to $43.00 in pre-market trading following fourth-quarter financial results.</li>
<li>Canaan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/can#NASDAQ">CAN</a>) shares fell 4.9% to $1.93 in pre-market trading. Canaan is expected to report fourth-quarter financial results on Feb. 27, 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37279701/investor-optimism-improves-further-s-p-500-settles-at-record-high"> Investor Optimism Improves Further; S&amp;P 500 Settles At Record High</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Ardelyx Posts Q4 Loss, Joins MercadoLibre, Booking Holdings And Other Big Stocks Moving Lower In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares moved upwards by 6.8% to $0.31 during Thursday's after-market session. The company's market cap stands at $18.2 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares increased by 5.53% to $0.64. The market value of their outstanding shares is at $9.7 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares rose 5.19% to $0.14. The company's market cap stands at $18.3 million. </li>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) stock rose 5.19% to $8.71. The company's market cap stands at $254.5 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock rose 5.12% to $0.43. The market value of their outstanding shares is at $34.9 million. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) stock increased by 5.04% to $0.31. The market value of their outstanding shares is at $1.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) stock fell 15.0% to $39.82 during Thursday's after-market session. The company's market cap stands at $1.7 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) shares decreased by 5.91% to $46.5. The market value of their outstanding shares is at $44.6 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Energy Focus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) shares decreased by 5.58% to $2.2. The market value of their outstanding shares is at $9.5 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) stock declined by 4.46% to $0.38. The market value of their outstanding shares is at $1.0 million. </li>
<li>Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) shares decreased by 4.09% to $11.51. The market value of their outstanding shares is at $253.2 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 4.09% to $0.09. The company's market cap stands at $5.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AREB

AULT

AWIN

BYRN

EFOI

KULR

LUNR

OPTT

VICR

WLGS

12 Industrials Stocks Moving In Thursday's After-Market Session

WIIM

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.35 by 5.71 percent. The company reported quarterly sales of $1.02 billion which missed the analyst consensus estimate of $1.03 billion by 0.80 percent. This is a 6.61 percent increase over sales of $956.72 million the same period last year.

Earnings

Earnings Misses

Copart Q2 2024 GAAP EPS $0.33 Misses $0.35 Estimate, Sales $1.02B Miss $1.03B Estimate

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Copart will report an earnings per share (EPS) of $0.35. 
Copart bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 1.85% increase in the share price the next day.
Here's a look at Copart's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.32</td>
<td>0.32</td>
<td>0.32</td>
<td>0.29</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.34</td>
<td>0.36</td>
<td>0.31</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.85%</td>
<td>-2.16%</td>
<td>7.77%</td>
<td>-0.77%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708534910_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Copart were trading at $48.52 as of February 20. Over the last 52-week period, shares are up 40.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CPRT/earnings">To track all earnings releases for Copart visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Copart

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 20 years by 13.53% on an annualized basis producing an average annual return of 21.08%. Currently, Copart has a market capitalization of $48.59 billion. 
Buying $1000 In CPRT: If an investor had bought $1000 of CPRT stock 20 years ago, it would be worth $45,832.56 today based on a price of $50.60 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707420619_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $46,000 Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$315.00</td>
<td>$41.2K</td>
<td>138</td>
<td>1.0K</td>
</tr>
<tr>
<td>BE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$12.00</td>
<td>$35.1K</td>
<td>3.6K</td>
<td>502</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$55.00</td>
<td>$310.8K</td>
<td>0</td>
<td>400</td>
</tr>
<tr>
<td>AAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$20.00</td>
<td>$45.8K</td>
<td>2.2K</td>
<td>285</td>
</tr>
<tr>
<td>CPRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$55.00</td>
<td>$26.7K</td>
<td>2.3K</td>
<td>267</td>
</tr>
<tr>
<td>SYM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$55.00</td>
<td>$96.7K</td>
<td>203</td>
<td>208</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$43.7K</td>
<td>384</td>
<td>184</td>
</tr>
<tr>
<td>HTZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$25.0K</td>
<td>1.9K</td>
<td>100</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/16/24</td>
<td>$55.00</td>
<td>$36.0K</td>
<td>2.6K</td>
<td>77</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$380.00</td>
<td>$100.2K</td>
<td>417</td>
<td>72</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 50 contract(s) at a $315.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $41.2K, with a price of $825.0 per contract. There were 138 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold. 
• Regarding BE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on February 16, 2024. Parties traded 501 contract(s) at a $12.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $70.0 per contract. There were 3696 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a put option trade with neutral sentiment. It expires in 867 day(s) on June 18, 2026. Parties traded 400 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $310.8K, with a price of $777.0 per contract. There were 0 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we notice a call option sweep that happens to be neutral, expiring in 686 day(s) on December 19, 2025. This event was a transfer of 285 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.8K, with a price of $161.0 per contract. There were 2236 open contracts at this strike prior to today, and today 285 contract(s) were bought and sold. 
• Regarding CPRT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on May 17, 2024. Parties traded 267 contract(s) at a $55.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $100.0 per contract. There were 2350 open contracts at this strike prior to today, and today 267 contract(s) were bought and sold. 
• For SYM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>), we notice a call option trade that happens to be bearish, expiring in 42 day(s) on March 15, 2024. This event was a transfer of 186 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $96.7K, with a price of $520.0 per contract. There were 203 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with bearish sentiment. It expires in 350 day(s) on January 17, 2025. Parties traded 3 contract(s) at a $65.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $43.7K, with a price of $14575.0 per contract. There were 384 open contracts at this strike prior to today, and today 184 contract(s) were bought and sold. 
• For HTZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), we notice a call option sweep that happens to be neutral, expiring in 350 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $7.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $251.0 per contract. There were 1955 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a call option trade that happens to be neutral, expiring in 14 day(s) on February 16, 2024. This event was a transfer of 50 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $720.0 per contract. There were 2616 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a put option sweep with bullish sentiment. It expires in 140 day(s) on June 21, 2024. Parties traded 60 contract(s) at a $380.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $100.2K, with a price of $1670.0 per contract. There were 417 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

UBER

10 Industrials Stocks Whale Activity In Today's Session

Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) has outperformed the market over the past 15 years by 13.02% on an annualized basis producing an average annual return of 25.17%. Currently, Copart has a market capitalization of $46.27 billion. 
Buying $100 In CPRT: If an investor had bought $100 of CPRT stock 15 years ago, it would be worth $3,015.22 today based on a price of $48.19 for CPRT at the time of writing.
<h3>Copart's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706799613_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $3,000 Today

How is QQQ stock faring? The Invesco QQQ ETF is up 0.24% in the past 5 days and has risen about 45.31% over the past year.  According to TipRanks' ...

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The market has been high on Copart Inc (CPRT)  stock recently. CPRT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Copart Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CPRT!See Full CPRT ReportWhat is Stock Sentiment?Sentiment is a very sho

Is Copart Inc (CPRT) a Stock to Watch After Gaining 1.10% This Week?

Copart chairman sells stock worth $34.7M

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QQQ ETF Update, 4/3/2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
InvestorPlace contributor Omor Ibne Ehsan recently recommended <a href="https://investorplace.com/2024/03/3-stocks-under-20-that-can-turn-100-into-10000-by-2026/">three stocks trading under $20</a>, which investors could turn $100 in each of these into $10,000 by 2026. I will double down on that premise, suggesting three stocks under $100 to buy that will make you $50,000 by 2026.&nbsp;



With a maximum total investment of $300 ($100 per stock), generating a compound annual growth rate of 450% is virtually impossible. It&rsquo;s more the idea that these three stocks have the revenue and profit potential to deliver supersized returns.&nbsp;



Where should one look for such stocks?



I&rsquo;d look at holdings from ETFs focused on aggressive growth, such as the Invesco QQQ Trust Series 1 (NASDAQ:<a href="https://investorplace.com/stock-quotes/qqq-stock-quote/">QQQ</a>). Invesco QQQ Trust Series 1 <a href="https://www.invesco.com/qqq-etf/en/about.html">tracks the performance</a> of the Nasdaq-100 Index, a collection of 100 non-financial companies listed on Nasdaq.&nbsp;



Here are my three choices for stocks under $100 to buy.



<h2>The Trade Desk (TTD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/ttd_trade_desk_1600-300x169.jpg" alt="The logo for The Trade Desk is displayed on a smart phone."><div>Source: Tada Images / Shutterstock.com</div></div>The Trade Desk (NASDAQ:<a href="https://investorplace.com/stock-quotes/ttd-stock-quote/">TTD</a>) is one of the smaller names in the Nasdaq 100, with a market capitalization of $42.68 billion. Its share price, as I write this, is $88, well under the $100 mark.&nbsp;



The digital advertising platform is the antithesis of Google and Facebook. It&rsquo;s become so big that its market cap is almost identical to ad agencies Publicis Groupe (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pubgy-stock-quote/">PUBGY</a>) and Omnicom Group (NYSE:<a href="https://investorplace.com/stock-quotes/omc-stock-quote/">OMC</a>).&nbsp;



It focuses on companies that operate on the &ldquo;open internet,&rdquo; not the closed shop that is Google and Facebook. It places digital ads at scale for companies such as Spotify (NASDAQ:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>) in return for a <a href="https://www.economist.com/business/2024/03/27/meet-the-digital-david-taking-on-the-google-goliath">20% commission</a> on those ads.&nbsp;



However, compared to Google&rsquo;s ad revenue, TTD is a blip on the radar.




&ldquo;Global ad spending is approaching $1trn. Just $10bn of that, or 1%, went through ttd last year. Google&rsquo;s revenues, mostly from digital ads, were a stonking $307bn,&rdquo; The Economist&rsquo;s March 27 edition of Schumpeter stated.&nbsp;&nbsp;




There are risks associated with targeting streaming platforms and other subscription-type apps that rely on limited ads to grow revenues. The biggest risk being that a platform&rsquo;s audience falls significantly, reducing the value of The Trade Desk&rsquo;s service and commission rate. However, it&rsquo;s a business model that appears to be working.



Over the last three years, its revenues have grown by 63% to <a href="https://www.morningstar.com/stocks/xnas/ttd/financials">$1.95 billion</a>. During this time period its operating income has increased 61% to $200.5 million.&nbsp;



It&rsquo;s got a shot.&nbsp;



<h2>Copart (CPRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/auction-300x169.png" alt="Image of a hand holding a wooden hammer at an auction."><div>Source: Gena Melendrez / Shutterstock.com</div></div>Copart (NASDAQ:<a href="https://investorplace.com/stock-quotes/cprt-stock-quote/">CPRT</a>) earns money from online vehicle auctions conducted in 11 countries including the U.S. and Canada.&nbsp; It sells more than three million vehicles annually to customers in more than 190 countries. Its market cap is more than $13 billion higher than The Trade Desk.&nbsp;



In March, Copart celebrated its <a href="https://www.copart.com/content/copart-ceo-lettertoshareholders-2023.pdf">30th year</a> as a public company. Since its IPO in <a href="https://stockanalysis.com/stocks/cprt/company/">March 1994</a>, its shares have appreciated more than 36,000%.



Copart owns the real estate on which its facilities are operated, keeping it at the forefront of the online auction business, even when it might be cheaper to lease the land.&nbsp;




&ldquo;For example, at any given moment, it is &ldquo;cheaper&rdquo; to lease than to buy the facilities through which we serve our customers.&rdquo; Co-CEOs Jay Adair and Jeff Liaw stated in Copart&rsquo;s 2023 <a href="https://www.copart.com/content/copart-ceo-lettertoshareholders-2023.pdf">letter to shareholders</a>.&nbsp;&nbsp;



&ldquo;We know, however, given how difficult it is to permit and develop new facilities, facility ownership is essential to ensuring the long-run sustainability of our service offerings.&rdquo;




As a result, Copart has invested more than $2 billion over the past five years in buying and developing land. So, it&rsquo;s not just in the online auction business; it&rsquo;s also in real estate development, etc.



While it might not reach $50,000 by 2026, you&rsquo;ll do very well over the long haul.&nbsp;



<h2>CoStar Group (CSGP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/csgp1600-300x169.jpg" alt="An image of a magnifying glass zooming in on the CoStar Group, Inc. (CSGP) logo"><div>Source: Casimiro PT / Shutterstock.com</div></div>CoStar Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/csgp-stock-quote/">CSGP</a>) is the smallest of the three, with a market cap of $39 billion. As I write this, its share price just squeeks in at $94.75.&nbsp;



Its shares have delivered decent performance over the past five years, up nearly double, at a time when the commercial real estate business, especially the office segment, has suffered greatly from an increase in work-from-home and hybrid work arrangements.&nbsp;



CoStar provides real estate data and data analytics to the industry. The recent <a href="https://www.investors.com/news/stocks-showing-rising-market-leadership-costar-group-earns-82-rs-rating/">settlement</a> between the National Association of Realtors (NAR) and class-action plaintiffs should be good news for the company because residential real estate brokers won&rsquo;t be required to go through the Multiple Listing Service (MLS) to list a home.&nbsp;



The company has seen double-digit quarterly sales growth for three years, and recent good news should sustain this trend.



On March 25, RBC Capital Markets increased <a href="https://ca.investing.com/news/stock-market-news/rbc-raises-costar-group-stock-target-to-109-on-agent-growth-93CH-3320043">its target</a> price on CSGP stock by 15% to $109. It maintains an outperform rating on the stock. RBC liked the news that the company&rsquo;s Homes.com residential real estate platform saw a 29% week-over-week increase in premium agents &mdash; defined as the top 25% of agents &mdash; to approximately 5,276.&nbsp;



With the changes in agent commissions related to the NAR settlement, CoStar is likely to gain more premium agents.&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/from-50-to-50000-3-stocks-under-100-that-could-skyrocket-your-wealth-by-2026/">From $50 to $50,000: 3 Stocks Under $100 That Could Skyrocket Your Wealth by 2026</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

From $50 to $50,000: 3 Stocks Under $100 That Could Skyrocket Your Wealth by 2026

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Several times over the past few years, I&rsquo;ve referred to the 2-for-1 Index and the 2-for-1 newsletter, a monthly publication dedicated to stock split plays for 2024 and beyond.&nbsp;



Neil Macneale III, a retired general contractor from Northern California, runs the newsletter and index. I&rsquo;ve kept in contact with Macneale over the years because his portfolio has delivered <a href="https://2-for-1.com/about/">consistent, above-average returns</a> by buying and selling a single stock each month.&nbsp;



Macneale has published the newsletter since Aug. 1996. Its annual return over 27.5 years through Dec. 31, 2023, is <a href="https://2-for-1.com/track-record/">12.07%</a>, 248 basis points higher than the Wilshire 5000 Total Market Full Cap Total Return Index.



Could you do better with other indexes? Sure, you could, but I would bet dollars to donuts that its risk-adjusted returns are some of the best you&rsquo;ll find with so little work involved.



In recent years, it&rsquo;s been tougher to find quality companies splitting their stock&mdash;typically at least 2-for-1, hence the name. However, Macneale&rsquo;s managed to cobble together a portfolio of 28-30 stocks despite the challenge.



Here are three names from the 2-for-1&rsquo;s <a href="https://mailchi.mp/cdccd3500a33/2-for-1stocksplits-9365954?e=c707ccfdb8">latest newsletter</a>.&nbsp;



<h2>Cooper Companies (COO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/contact-lens-1600-300x169.jpg" alt="Young woman putting contact lens in her right eye, close up"><div>Source: life-literacy via Shutterstock</div></div>Cooper Companies (NASDAQ:<a href="https://investorplace.com/stock-quotes/coo-stock-quote/">COO</a>) is one of the newsletter&rsquo;s most recent additions. It was added on March 18, 2024, after the contact lens manufacturer completed a 4:1 stock split on <a href="https://www.stocktitan.net/news/COO/cooper-companies-4-for-1-stock-split-effective-friday-2-yz2jd1kofhey.html#:~:text=CooperCompanies%20(COO)%20announces%20a%20four,by%20the%20board%20of%20directors.">Feb. 16</a>.&nbsp;&nbsp;




&ldquo;COO&rsquo;s PE ratio is quite high but its price-to-book ratio is well below industry averages. It pays a small dividend and has an average measure of volatility. Like ODFL, Cooper also has a record of strong earnings growth at close to 27% per year over the last five years,&rdquo; Macneale <a href="https://mailchi.mp/cdccd3500a33/2-for-1stocksplits-9365954?e=c707ccfdb8">wrote</a> on March 15.&nbsp;&nbsp;




Old Dominion Freight Line (NASDAQ:<a href="https://investorplace.com/stock-quotes/odfl-stock-quote/">ODFL</a>) is Macneale&rsquo;s second pick. That gets the portfolio to 29 stocks, one shy of its ideal number of holdings.



I can&rsquo;t remember if I&rsquo;ve ever recommended Cooper stock. I&rsquo;ve always liked the dual nature of its business, with specialty contact lenses (CooperVision) as one part and fertility and women&rsquo;s health services through CooperSurgical as the other.&nbsp;



CooperVision manufactures <a href="https://www.coopercos.com/coopervision/">billions of contact lenses</a> yearly, selling its products in more than 130 countries. It had <a href="https://investor.coopercos.com/static-files/6f9566b8-01ce-4d7f-8879-edd33d4e242c">$2.42 billion</a> in revenue in 2023 and $587.7 million in operating income. CooperSurgical provides women and babies with over <a href="https://www.coopercos.com/coopersurgical/">600 products</a> from more than 100 locations worldwide. It had $1.17 billion in revenue in 2023 and an operating profit of $16.1 million.&nbsp;



In 2024, it expects to grow its revenues by <a href="https://investor.coopercos.com/news-releases/news-release-details/coopercompanies-announces-first-quarter-2024-results">8.5%</a> at the midpoint of its guidance, with adjusted EPS of $3.54.&nbsp;



It&rsquo;s quite the business.



<h2>Mueller Industries (MLI)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/copper1600-1-300x169.jpg" alt="Stacks of copper tubing"><div>Source: Shutterstock</div></div>Mueller Industries (NYSE:<a href="https://investorplace.com/stock-quotes/mli-stock-quote/">MLI</a>) was <a href="https://2-for-1.com/pdf/Oct%202023.pdf">added</a> on Oct. 16, 2023, after the company announced it would do a 2:1 split a week later.&nbsp;



Macneale had some very positive commentary about the copper pipe and fittings manufacturer.




&ldquo;Mueller Industries has been consistently profitable, has a rock-solid balance sheet, and can boast outstanding valuation numbers,&rdquo; Macneale wrote in the October 2023 newsletter edition.&nbsp;




Mueller is one of my favorite companies. I&rsquo;ve been <a href="https://investorplace.com/2022/09/7-small-company-stocks-you-should-own-now/">recommending</a> MLI stock since Sept. 2021. It&rsquo;s a great American success story.&nbsp;



I recently wrote about Mueller in January, <a href="https://investorplace.com/2024/01/3-cash-rich-stocks-to-buy-for-peace-of-mind-in-2024/">stating</a>, &ldquo;It&rsquo;s simply one of the best stocks you can own.&rdquo;



How much has it grown? In 1992, its annual operating income was $29.3 million. It was <a href="https://ir.muellerindustries.com/news/press-releases/detail/169/mueller-industries-inc-reports-fiscal-2023-fourth-quarter">$756.1 million</a> in 2023, 26 times the amount 30 years ago.



In Q4 2023, revenue decreased 17%, largely due to lower demand for new residential construction. With the U.S. housing market short as many as <a href="https://nypost.com/2024/02/28/real-estate/the-us-housing-supply-is-short-7-2-million-homes/">7.2 million</a> homes, construction will likely pick up once interest rates decrease.&nbsp;&nbsp;&nbsp;&nbsp;



Mueller will be okay.



<h2>Copart (CPRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/auction-300x169.png" alt="Image of a hand holding a wooden hammer at an auction."><div>Source: Gena Melendrez / Shutterstock.com</div></div>Copart (NASDAQ:<a href="https://investorplace.com/stock-quotes/cprt-stock-quote/">CPRT</a>) was added in Aug. 2023 after the online used car auction company announced a <a href="https://2-for-1.com/pdf/Aug%202023.pdf">2:1 split</a>.




&ldquo;Copart has been in the 2 for 1 Index twice before, in 2012 and 2017. In both instances CPRT was a winner; in the second instance, spectacularly so,&rdquo; Macneale wrote in the August 2023 newsletter.&nbsp;



&ldquo;&hellip; No debt, highly profitable, growing at about 20% per year for the last five years &ndash; what&rsquo;s not to like? Insiders own a substantial percentage of this company and have obviously found a formula that benefits themselves and their shareholders.&rdquo;




Macneale is my kind of stockpicker. You can tell his focus on a company&rsquo;s margin of safety is paramount.



Last November, I suggested that Copart stock was overbought, arguing that its free cash flow yield of less than 2% made it an expensive buy. Boy, was I wrong? It&rsquo;s up 14% in the four months since.&nbsp;



However, I did say that the services it provides <a href="https://investorplace.com/2023/11/caution-these-3-stocks-are-overbought-after-the-november-rally/">insurance companies</a> won&rsquo;t go out of style, giving it a wide moat to keep generating 33% net margins.&nbsp;



As Macneale rightly asks, what&rsquo;s not to like?



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/double-your-shares-double-your-gains-3-stock-split-plays-for-2024/">Double Your Shares, Double Your Gains: 3 Stock Split Plays for 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
A lot of success in the market goes unseen. Certain stocks tend to get written about ad nauseum while others get no attention at all. A stock like electric vehicle maker Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) is down 43% on the year, and journalists and analysts on TV discuss it around the clock. At the same time, not a single analyst covers <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> like tow truck operator Miller Industries (NYSE:<a href="https://investorplace.com/stock-quotes/mlr-stock-quote/">MLR</a>) despite its share price being <a href="https://finance.yahoo.com/news/under-radar-3-little-known-200611320.html">up nearly 50%</a> in the past year. 



Stocks that are attached to celebrity CEOs and popular consumer products that hedge funds widely hold tend to dominate the business press. However, these stocks account for a small percentage of the overall market. In reality, many great stocks have quietly but steadily outperformed, driven higher by competent management, strong earnings and a competitive edge. Let&rsquo;s uncover three hidden gems that are undervalued stocks poised for exponential growth. 



<h2>IES Holdings (IESC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/techstock1600-300x169.jpg" alt="A graphic of a person's hands resting on a laptop with a stock line graph moving through it. top tech stocks. Underpriced Tech Stocks to Buy"><div>Source: Shutterstock</div></div>In <a href="https://www.crossingwallstreet.com/archives/2024/04/cws-market-review-april-16-2024.html">a recent blog post</a>, investor Eddy Elfenbein highlighted little-known stock, IES Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/iesc-stock-quote/">IESC</a>). It has run circles around the broader market over the past decade. During the last five years, IESC stock has risen an astounding 574%. In the past 12 months, the share price has almost tripled and it is up more than 50% so far in 2024. The company provides electrical systems to residential houses, industrial facilities and some technology data centers. Not sexy or exciting, but it&rsquo;s profitable. 



In business since 1997, IES Holdings has 8,000 employees and $2.4 billion in annual revenues. Part of the reason IES Holdings is a silent stock is that no analysts cover the company. Zippo. Yet IESC stock is an incredible story. Consider that 12 years ago, the share price was at $1.75. Today, it is trading close to $120. In its last fiscal year, IES Holdings earned $4.71 per share. Sadly, the Houston, Texas-based company remains unheralded and little known. 



<h2>Textron (TXT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/textron_txt_bell_v22_1600-300x169.png" alt="Bell Boeing V-22 Osprey shown during a flight demo."><div>Source: Angel DiBilio / Shutterstock.com</div></div>In the investing world, it&rsquo;s fair to say Textron (NYSE:<a href="https://investorplace.com/stock-quotes/txt-stock-quote/">TXT</a>) doesn&rsquo;t get a lot of attention. Based in Rhode Island, Textron began in 1923 as a textile company that mostly produced yarn. Today, Textron is an industrial conglomerate that produces products ranging from snowmobiles and all-terrain vehicles (ATVs) to small Cessna airplanes, as well as aircraft engines. The business unit that today makes aircraft engines has morphed from its original role of making household sewing machines. 



While it gets little notice, TXT stock has <a href="https://ca.movies.yahoo.com/movies/looking-growth-stock-3-reasons-164504236.html">performed strongly</a>, increasing nearly 40% in the last 12 months, including a 17% year-to-date gain. Since the pandemic in spring 2020, Textron&rsquo;s stock has risen 260%. Strong earnings have helped to propel TXT stock higher. For 2024, Textron has forecast earnings growth of 58.6%. That is more than four times the industry average earnings growth of 12.3%. The company is well run and its transformation from textiles to industrials has clearly paid off. 



<h2>Copart (CPRT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/09/cprtmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>Considering its growth trajectory, Copart (NASDAQ:<a href="https://investorplace.com/stock-quotes/cprt-stock-quote/">CPRT</a>) deserves more love. In the past decade, the company that specializes in running online auctions for salvaged vehicles has seen its share price rise more than 1,000%. This includes a 220% increase since 2019. In fact, CPRT stock is one of the <a href="https://www.visualcapitalist.com/top-sp-500-stocks-over-20-years/">best performing securities</a> of the last 20 years, outperforming e-commerce giant Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>). Unfortunately, junk cars don&rsquo;t generate a lot of attention in the business press. 



Much of Copart&rsquo;s success stems from the company&rsquo;s very little competition. Some analysts claim Copart operates in a duopoly alongside IAA, a similar company that Ritchie Bros. Auctioneers (NYSE:<a href="https://investorplace.com/stock-quotes/rba-stock-quote/">RBA</a>) <a href="https://www.newswire.ca/news-releases/ritchie-bros-completes-acquisition-of-iaa-creating-a-premier-global-marketplace-leader-808671390.html">acquired in 2023</a> by . But Copart is the much bigger player and market leader, giving it a wide competitive moat. This has led to <a href="https://www.barrons.com/articles/buy-copart-stock-price-pick-80df9a46">consistently strong earnings</a> from Copart, with its earnings per share (EPS) nearly tripling in the last five years and hitting a record $1.26 in fiscal 2023. 



On the date of publication, Joel Baglole&nbsp;held a long position in CPRT. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/uncover-hidden-gems-3-silent-stocks-poised-for-exponential-growth/">Uncover Hidden Gems: 3 Silent Stocks Poised for Exponential Growth</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.