3 Stocks Pushing The Specialty Retail Industry Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelTwo out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.The Specialty Retail industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Tractor Supply (TSCO), up 1.9%.TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:3. Copart (CPRT) is one of the companies pushing the Specialty Retail industry higher today. As of noon trading, Copart is up $0.19 (0.6%) to $30.34 on average volume Thus far, 511,612 shares of Copart exchanged hands as compared to its average daily volume of 721,200 shares. The stock has ranged in price between $30.02-$30.60 after having opened the day at $30.25 as compared to the previous trading day's close of $30.15. Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. The company offers various services to process and sell vehicles over the Internet through its Virtual Bidding Second Generation Internet auction-style sales technology. Copart has a market cap of $3.7 billion and is part of the services sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 25.9% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Copart a buy, 2 analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Copart as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Copart Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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