Shares of online vehicle auction company Copart (NASDAQ:CPRT) fell 3.9% in the afternoon session after the release of a surprisingly weak August jobs report, which showed a significant slowdown in hiring. The U.S. economy added only 22,000 jobs, falling far short of the 75,000 economists had forecasted, while the unemployment rate rose to a 46-month high of 4.3%. The Bureau of Labor Statistics report also contained downward revisions for previous months, intensifying concerns that the labor market's health is deteriorating. Several sectors, including manufacturing, financial activities, and information, reported job losses for the month. While the disappointing data initially fueled investor hopes for a Federal Reserve interest rate cut, major indices like the Dow Jones and S&P 500 later fell as concerns about a potential economic downturn took hold.
A rather disappointing jobs report is challenging Wall Street's optimism over looming rate cuts, as labor market weakness stirs fresh concerns about the economy.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Friday as we examine the latest happenings in today's session.
Online vehicle auction company Copart (NASDAQ:CPRT) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 5.2% year on year to $1.13 billion. Its GAAP profit of $0.41 per share was 13.3% above analysts’ consensus estimates.
Online vehicle auction company Copart (NASDAQ:CPRT) missed Wall Street’s revenue expectations in Q2 CY2025, but sales rose 5.2% year on year to $1.13 billion. Its GAAP profit of $0.41 per share was 13.3% above analysts’ consensus estimates.
Shares of online vehicle auction company Copart (NASDAQ:CPRT) jumped 3% in the afternoon session after HSBC upgraded the stock to Buy from Hold, lifting its price target to $62.00 from $56.00.
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
The best-performing stocks typically have robust sales growth, increasing margins, and rising returns on capital,
and those that can maintain this trifecta year in and year out often become the legends of the investing world.
The Nasdaq 100 (^NDX) is known for housing some of the most innovative and fastest-growing companies in the market.
But not every stock in the index is a winner - some are struggling with slowing growth, increasing competition, or unsustainable valuations.
