Copart (CPRT) delivered earnings and revenue surprises of 2.63% and 1.79%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
Stocks like CAVA Group, Inc. (CAVA), Chipotle Mexican Grill, Inc. (CMG), Brinker International, Inc. (EAT) and Wingstop Inc. (WING) are expected to benefit from the steady growth in restaurant sales.
Cresco Labs' (CRLBF) rationalization and optimization efforts are expected to have had a positive impact on the company's first-quarter margins, profitability and cash flow.
For two years, Wall Street has dismissed real estate investment trusts (REITs), with the idea that REITs cannot flourish in an inflationary environment with higher interest rates over a longer time. But Wall Street may have gotten it wrong — first-quarter earnings reports for REITs continue coming in with an avalanche of estimate beats. In addition, the winners have been across several subsectors of the real estate universe, including residential, office, healthcare, mortgage, specialized and ho