In the current session, the stock is trading at $52.30, after a 0.21% spike. Over the past month, Copart Inc. (NASDAQ:CPRT) stock increased by 5.52%, and in the past year, by 15.44%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Evaluating Copart P/E in Comparison to Its PeersThe P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indica…