Why Copart Stock Jumped 23% Last Month

Shares of vehicle salvage company Copart (NASDAQ: CPRT) jumped 23.2% in November, according to data provided by S&P Global Market Intelligence. This company is one of the most consistent performers on the stock market, meaning its shareholders rarely sell. Even modestly positive news, therefore, can create far more buyers than sellers. And this seems to be what happened last month.On Nov. 21, Copart announced financial results for its fiscal first quarter of 2025, ended Oct. 31. Revenue was only up 12% year over year to $1.15 billion. But this was a record number, ahead of expectations, and its best growth rate in a year.On the bottom line, Copart didn't grow as much. Its Q1 gross profit was only up 10% and its net income only increased by 9%. But this wasn't a problem because analysts had expected as much.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool