Copart (NASDAQ:CPRT – Get Free Report) was upgraded by analysts at Barrington Research from a “market perform” rating to an “outperform” rating in a research note issued on Friday, Benzinga reports. The brokerage presently has a $40.00 price target on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 30.08% from the company’s current price.
CPRT has been the subject of a number of other research reports. Jefferies Financial Group set a $45.00 price target on Copart in a research note on Friday, May 22nd. Stephens reiterated an “equal weight” rating and set a $35.00 target price on shares of Copart in a research report on Thursday, August 20th. Freedom Capital raised Copart to a “strong-buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of Copart in a report on Thursday, September 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.57.
Check Out Our Latest Report on CPRT
Copart Trading Down 4.0%
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 for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities research analysts predict that Copart will post 1.58 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the sale, the chief executive officer directly owned 99,641 shares in the company, valued at $3,038,054.09. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.60% of the company’s stock.
Institutional Trading of Copart
Several institutional investors have recently added to or reduced their stakes in CPRT. C M Bidwell & Associates Ltd. purchased a new stake in shares of Copart during the second quarter valued at $25,000. Versant Capital Management Inc boosted its holdings in shares of Copart by 110.9% in the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 498 shares during the period. Cache Advisors LLC bought a new position in Copart in the first quarter worth approximately $31,000. Compass Financial Management LLC bought a new stake in Copart during the 2nd quarter valued at $33,000. Finally, Reflection Asset Management purchased a new stake in shares of Copart in the 4th quarter worth $34,000. 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
Copart Company Profile
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.
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