NASDAQ:CPRT

Copart (CPRT) Stock Price, News & Analysis

$54.93
+0.62 (+1.14%)
(As of 04/24/2024 ET)
Today's Range
$54.21
$55.04
50-Day Range
$48.52
$58.07
52-Week Range
$38.35
$58.58
Volume
3.72 million shs
Average Volume
4.60 million shs
Market Capitalization
$52.82 billion
P/E Ratio
39.52
Dividend Yield
N/A
Price Target
$51.00

Copart MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
7.2% Downside
$51.00 Price Target
Short Interest
Healthy
1.43% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.33
Upright™ Environmental Score
News Sentiment
1.24mentions of Copart in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$55.52 M Sold Last Quarter
Proj. Earnings Growth
11.27%
From $1.42 to $1.58 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.

3.24 out of 5 stars

Business Services Sector

121st out of 306 stocks

Automotive Dealers & Gasoline Service Stations Industry

7th out of 18 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 Aug 2024 60.000 put
CPRT Apr 2024 50.000 put
CPRT Apr 2024 47.500 put
Copart Appoints Jeff Liaw As Sole CEO
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
4/24/2024
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
$51.00
High Stock Price Target
$53.00
Low Stock Price Target
$48.00
Potential Upside/Downside
-6.9%
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
$1.48 per share
Book Value
$6.27 per share

Miscellaneous

Free Float
863,139,000
Market Cap
$52.67 billion
Optionable
Optionable
Beta
1.22

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CPRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Copart stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Copart in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 share price to reach $51.00 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
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 stock has increased by 12.1% and is now trading at $54.93.
View the best growth stocks for 2024 here
.

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) posted its quarterly earnings results on Thursday, February, 22nd. The business services provider reported $0.33 earnings per share 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 analyst estimates of $1.03 billion. Copart had a net margin of 33.41% and a trailing twelve-month return on equity of 21.55%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS.
Read the conference call transcript
.

When did Copart's stock split?

Copart shares split on the morning of Friday, August 11th 2023. The 2-1 split was announced on Friday, August 11th 2023. The newly issued shares were distributed to shareholders after the market closes 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 institutional and retail investors. Top institutional investors include Congress Asset Management Co. MA (0.29%), Allspring Global Investments Holdings LLC (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Artemis Investment Management LLP (0.17%), Raymond James & Associates (0.09%) and Weybosset Research & Management LLC (0.07%). 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 4/24/2024 by MarketBeat.com Staff

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