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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:CPRT

Copart (CPRT) Stock Price, News & Analysis

$57.92
+0.68 (+1.19%)
(As of 03/28/2024 ET)
Today's Range
$57.44
$58.15
50-Day Range
$48.04
$57.41
52-Week Range
$36.63
$58.15
Volume
5.08 million shs
Average Volume
4.80 million shs
Market Capitalization
$55.69 billion
P/E Ratio
41.67
Dividend Yield
N/A
Price Target
$50.00

Copart MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
13.7% Downside
$50.00 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.33
Upright™ Environmental Score
News Sentiment
0.82mentions of Copart in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$35.91 M Sold Last Quarter
Proj. Earnings Growth
9.86%
From $1.42 to $1.56 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.26 out of 5 stars

Business Services Sector

103rd out of 310 stocks

Automotive Dealers & Gasoline Service Stations Industry

8th out of 19 stocks

CPRT stock logo

About Copart Stock (NASDAQ:CPRT)

Copart, Inc. is a global online vehicle auction and remarketing services provider. With headquarters in Dallas, Texas, Copart operates in 11 countries, including the United States, Canada, the United Kingdom, Germany, Brazil, Spain, and the United Arab Emirates. The company's mission is to connect vehicle sellers, such as insurance, rental car, fleet, and finance companies, with buyers ranging from consumers to automotive businesses through its innovative online auction platform.

Copart's core business revolves around facilitating the buying and selling of used, wholesale, and repairable vehicles. It operates a network of over 200 physical locations worldwide, housing over 10,000 acres of vehicle inventory. Through its patented virtual auction technology, known as VB3, Copart enables sellers to efficiently process and sell vehicles over the Internet, providing convenience and broad access to a global marketplace. Copart also offers additional services such as salvage estimation, transportation, vehicle inspection, and vehicle title processing.

The company's target market includes licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and individual buyers. Copart has established itself as a trusted partner in the automotive industry, serving major insurance companies and other key customers. 

A dedicated and experienced management team leads Copart. Founder Willis J. Johnson is the Executive Chairman, providing strategic guidance and industry expertise. Chief Executive Officer A. Jayson Adair oversees the overall operations and growth of the company, leveraging his deep knowledge of the automotive remarketing industry. Chief Financial Officer Jeffrey Liaw ensures financial stability and drives value for shareholders. 

Copart has demonstrated strong financial performance in recent years. The company recently reported increasing revenue representing a year-over-year growth of over 25%. Net income and net profit margin have also recently increased. Copart's robust financial position is reflected in its impressive return on equity of over 20%.

When considering Copart's valuation, the stock has shown resilience and growth potential. The market recognizes the company's strong performance and future prospects. Copart's stock has exhibited positive market performance. While stock prices are subject to fluctuations, Copart has witnessed notable price movements and changes in trading volume in response to various news and events. Investors should closely monitor any developments impacting the company's share price, such as earnings announcements, regulatory changes, or industry trends.

Copart operates in the automotive remarketing industry, which encompasses the auctioning and selling of used vehicles. The industry is highly competitive, with numerous players offering similar services. However, Copart differentiates itself through its innovative online auction platform, broad geographic presence, and extensive inventory. The company has established strong relationships with insurance companies, leveraging its position as a trusted partner in the salvage vehicle market. Regulatory and political factors and technological advancements can influence the industry's dynamics, making it crucial for Copart to remain adaptable and responsive to changing market conditions.

Copart has several growth opportunities on the horizon. The company can explore expansion into new markets and countries, leveraging its successful international operations in countries like the UK, Germany, and Brazil. Additionally, Copart can further enhance its technology and online auction platform, offering enhanced user experiences and attracting a wider customer base. Acquisitions and strategic partnerships may also present avenues for growth, allowing Copart to expand its market share and diversify its offerings.

As with any business, Copart faces risks and challenges that could impact its operations and financial performance. The company is susceptible to changes in consumer preferences, market demand for used vehicles, and economic fluctuations. Regulatory changes related to vehicle registration, titling, and insurance can also impact Copart's business model. Additionally, intense competition within the automotive remarketing industry may put pressure on pricing and margins. Copart addresses these challenges through ongoing risk management strategies, including maintaining strong relationships with key customers and investing in technology and infrastructure to stay ahead of the competition.

CPRT Stock Price History

CPRT Stock News Headlines

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CPRT Apr 2024 50.000 put
CPRT Apr 2024 47.500 put
Copart Appoints Jeff Liaw As Sole CEO
Copart (CPRT) Earnings Dates & Reports
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
3/28/2024
Next Earnings (Estimated)
5/15/2024
Fiscal Year End
7/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:CPRT
CUSIP
21720410
Employees
10,200
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$50.00
High Stock Price Target
$53.00
Low Stock Price Target
$48.00
Potential Upside/Downside
-13.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
41.83%

Debt

Sales & Book Value

Annual Sales
$3.87 billion
Cash Flow
$1.46 per share
Book Value
$7.06 per share

Miscellaneous

Free Float
863,139,000
Market Cap
$55.69 billion
Optionable
Optionable
Beta
1.22

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Should I Buy Copart Stock? CPRT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Copart was last updated on Sunday, March 17, 2024 at 11:34 PM.

Pros

Here are some ways that investors could benefit from investing in Copart, Inc.:

  • Copart, Inc. provides online auctions and vehicle remarketing services, leveraging Virtual Bidding Third Generation Internet auction-style sales technology, which can lead to increased efficiency and wider reach in vehicle sales.
  • The company operates in multiple countries, including the United States, Canada, the United Kingdom, Brazil, and others, providing geographic diversification and potential for growth in various markets.
  • With services like salvage estimation, end-of-life vehicle processing, and flexible vehicle processing programs, Copart offers a comprehensive suite of solutions that cater to different segments of the vehicle market.
  • Investors may find Copart's buy it now option and member network appealing, providing additional avenues for vehicle sales and potential revenue streams.
  • Considering the current stock price and market trends, investing in Copart, Inc. could present an opportunity for capital appreciation and potential returns.

Cons

Investors should be bearish about investing in Copart, Inc. for these reasons:

  • While Copart's services are extensive, the competitive landscape in the online vehicle auction and remarketing industry is intense, which could pose challenges in maintaining market share and profitability.
  • Fluctuations in the automotive industry, economic conditions, and regulatory changes can impact Copart's business operations and financial performance, leading to uncertainties for investors.
  • As with any company operating in multiple countries, Copart is exposed to currency exchange rate risks, geopolitical factors, and varying market conditions across different regions, which could affect its overall stability.
  • Investing in Copart, Inc. requires understanding the complexities of the automotive dealers & gasoline service stations industry and the subindustry of Diversified Support Services, which may involve risks related to industry-specific challenges and dynamics.
  • Market volatility and unforeseen events can influence Copart's stock price and investor sentiment, necessitating a cautious approach to investing in the company.

CPRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Copart stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Copart in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CPRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPRT, but not buy additional shares or sell existing shares.
View CPRT analyst ratings
or view top-rated stocks.

What is Copart's stock price target for 2024?

5 Wall Street analysts have issued 12 month price targets for Copart's shares. Their CPRT share price targets range from $48.00 to $53.00. On average, they anticipate the company's stock price to reach $50.00 in the next year. This suggests that the stock has a possible downside of 13.7%.
View analysts price targets for CPRT
or view top-rated stocks among Wall Street analysts.

How have CPRT shares performed in 2024?

Copart's stock was trading at $49.00 at the beginning of 2024. Since then, CPRT shares have increased by 18.2% and is now trading at $57.92.
View the best growth stocks for 2024 here
.

Are investors shorting Copart?

Copart saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 13,180,000 shares, an increase of 55.8% from the February 29th total of 8,460,000 shares. Based on an average daily volume of 4,640,000 shares, the short-interest ratio is currently 2.8 days.
View Copart's Short Interest
.

When is Copart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our CPRT earnings forecast
.

How were Copart's earnings last quarter?

Copart, Inc. (NASDAQ:CPRT) announced its quarterly earnings results on Thursday, February, 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by $0.02. The business services provider earned $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a trailing twelve-month return on equity of 21.55%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS.
Read the conference call transcript
.

When did Copart's stock split?

Copart shares split before market open on Friday, August 11th 2023. The 2-1 split was announced on Friday, August 11th 2023. The newly created shares were distributed to shareholders after the closing bell on Friday, August 11th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Jay Adair's approval rating as Copart's CEO?

259 employees have rated Copart Chief Executive Officer Jay Adair on Glassdoor.com. Jay Adair has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Copart own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Copart investors own include NVIDIA (NVDA), Alibaba Group (BABA), Adobe (ADBE), Lululemon Athletica (LULU), Mastercard (MA), Advanced Micro Devices (AMD), Walt Disney (DIS), Home Depot (HD), Intel (INTC) and Verizon Communications (VZ).

Who are Copart's major shareholders?

Copart's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.31%), Principal Financial Group Inc. (3.98%), Capital World Investors (2.23%), Wellington Management Group LLP (1.82%), Capital Research Global Investors (1.67%) and Norges Bank (0.98%). Insiders that own company stock include A Jayson Adair, Daniel J Englander, Jeffrey Liaw, Matt Blunt, Stephen Fisher, Steven D Cohan, Steven D Cohan, Thomas N Tryforos and Willis J Johnson.
View institutional ownership trends
.

How do I buy shares of Copart?

Shares of CPRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Copart have any subsidiaries?
The following companies are subsidiares of Copart: AG Watson Auto Salvage & Motor Spares (Scotland), Barodge Auto Pool, Berpa Auto Auction, Blue Fortress Holdings LLC, Blue Magnum Fortress Holdings LLC, Bob Lowe Salvage Pool, CPRT (Europe) Limited, CPRT European Investments Limited, CPRT GmbH, CPRT Holding Company Netherlands B.V., CPRT Holdings LLC, CPRT LLP, Century Salvage Sales, Copart Autos España S.L.U., Copart Bahrain Auctions WLL, Copart Batavia B.V., Copart Canada Inc, Copart Catastrophe Response Fleet LLC, Copart Claims Handling Services Limited, Copart Deutschland GmbH, Copart Europe Limited, Copart India Private Limited, Copart Investment Holdings LLC, Copart Montréal Inc., Copart Muscat Auctions LLC, Copart Singapore Private Limited, Copart Suomi Oy, Copart UAE Auctions LLC, Copart UK Limited, Copart Vehicle Auctions Ireland Limited, Copart do Brasil Organização de Leilões Ltda., Copart do Brasil Transportes Ltda., Copart of Arizona Inc., Copart of Arkansas Inc., Copart of Connecticut Inc., Copart of Florida Inc., Copart of Houston Inc, Copart of Kansas Inc., Copart of Louisiana Inc., Copart of Missouri Inc., Copart of Oklahoma Inc., Copart of Tennessee Inc., Copart of Texas Inc., Copart of Washington Inc., Copart-Dallas Inc., Copart-Houston Inc., Crashed Toys L.L.C., Cycle Express LLC, D Hales, Dallas Copart Salvage Auto Auctions Limited Partnership, Houston Copart Salvage Auto Auctions Limited Partnership, National Powersport Auctions Logo National Powersport Auctions, Salvage Parent, TRAPOC GmbH, TRPC Limited, Trapoc Immobilien GmbH, Trapoc Limited, U-Pull-It Limited, Universal Salvage, Universal Salvage Limited, Vincent Auto Solutions, W.O.M. Service GmbH, and WOM WreckOnlineMarket GmbH.
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This page (NASDAQ:CPRT) was last updated on 3/28/2024 by MarketBeat.com Staff

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