Copart Inc. (CPRT): Today's Featured Specialty Retail Winner

Copart ( CPRT) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day down 0.5%. By the end of trading, Copart rose 19 cents (0.7%) to $26.48 on average volume. Throughout the day, 468,541 shares of Copart exchanged hands as compared to its average daily volume of 503,500 shares. The stock ranged in a price between $26.01-$26.52 after having opened the day at $26.10 as compared to the previous trading day's close of $26.29. Other companies within the Specialty Retail industry that increased today were: Vitamin Shoppe ( VSI), up 15.3%, OfficeMax ( OMX), up 11.1%, Hollywood Media Corporation ( HOLL), up 9.1%, and 1-800 Flowers.com Inc. Class A ( FLWS), up 3.9%.

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, and the United Kingdom. Copart has a market cap of $3.32 billion and is part of the services sector. The company has a P/E ratio of 21.1, above the average specialty retail industry P/E ratio of 20.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Monday. Currently there is one analyst that rates Copart a buy, two analysts rate it a sell, and four 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, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, iParty Corporation ( IPT), down 10%, Blue Nile ( NILE), down 6.1%, Brown Shoe Company ( BWS), down 6.1%, and Luxottica Group ( LUX), down 4.8%, were all losers within the specialty retail industry with Netflix ( NFLX) being today's specialty retail industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the specialty retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the specialty retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
null