Robert W. Baird Has Lowered Expectations for Copart (NASDAQ:CPRT) Stock Price

Posted by Brenda Bartman on Sep 11th, 2026

Copart (NASDAQ:CPRT – Get Free Report) had its target price lowered by equities researchers at Robert W. Baird from $42.00 to $38.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price points to a potential upside of 23.58% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Freedom Capital raised Copart to a “strong-buy” rating in a research note on Friday, June 26th. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $40.00 in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on Copart in a research report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Copart has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Check Out Our Latest Analysis on Copart

Copart Price Performance

NASDAQ:CPRT opened at $30.75 on Friday. Copart has a 1-year low of $26.81 and a 1-year high of $49.05. The firm has a market cap of $28.47 billion, a PE ratio of 19.10, a P/E/G ratio of 1.53 and a beta of 1.03. The firm has a 50 day simple moving average of $30.35 and a 200-day simple moving average of $32.08.

Copart (NASDAQ:CPRT – Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, sell-side analysts expect that Copart will post 1.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares of the company’s stock, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.60% of the company’s stock.

Institutional Trading of Copart

A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in Copart by 1.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock valued at $931,000 after acquiring an additional 264 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Copart by 23.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after acquiring an additional 266 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Copart by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after acquiring an additional 282 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Copart by 11.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after purchasing an additional 288 shares in the last quarter. Finally, American Trust lifted its stake in Copart by 2.1% in the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock valued at $640,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

More Copart News

Here are the key news stories impacting Copart this week:

Positive Sentiment: Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the digital automotive marketplace at approximately $1.9 billion. The deal expands Copart beyond salvage auctions into dealer-to-dealer wholesale remarketing and adds inspection, valuation, and vehicle-pricing data capabilities. Management expects the transaction to support earnings growth beginning in fiscal 2028. Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem
Positive Sentiment: Fiscal fourth-quarter revenue reached $1.15 billion, exceeding analysts’ $1.14 billion estimate. Revenue increased 2.4% year over year, while vehicle sales rose 8.3% to $182.9 million. Investors appear to view ACV as a potential long-term growth driver that could broaden Copart’s market and accelerate its digital remarketing strategy. Copart Q4 Revenue Rises 2.4% to $1.15 Billion
Neutral Sentiment: Copart plans to fund the acquisition with cash on hand. Management expects the combination to be earnings-neutral during the first full year of ownership before becoming accretive, making the strategic benefits longer term rather than an immediate earnings boost. Copart to buy ACV Auctions in $1.9 billion deal
Negative Sentiment: Quarterly diluted EPS was $0.35, below consensus estimates near $0.38–$0.39 and down from $0.41 a year earlier. Net income fell 17.4% to $327.4 million, gross profit declined 5.5%, and full-year EPS decreased to $1.55 from $1.59, highlighting near-term margin and earnings pressure. Copart Inc. Lags Q4 Earnings Estimates

About Copart

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Copart, Inc (NASDAQ: CPRT) provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.