One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Copart now clears that threshold, with a jump from 77 to 85 Thursday.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Copart is building a consolidation with a 64.38 buy point. See if the stock can break out in volume at least 40% higher than normal.
Taking a look at revenue and profit performance, the company has posted two quarters of increasing earnings growth. Revenue growth has also risen over the same time frame.
The company earns the No. 1 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands and O'Reilly Automotive are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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