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Copart (CPRT) Stock Forecast, Price & News

$43.43
+0.38 (+0.88%)
(As of 09/28/2023 ET)
Compare
Today's Range
$42.82
$43.81
50-Day Range
$42.73
$88.61
52-Week Range
$26.44
$47.38
Volume
4.66 million shs
Average Volume
4.08 million shs
Market Capitalization
$41.47 billion
P/E Ratio
33.93
Dividend Yield
N/A
Price Target
$44.40

Copart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
2.2% Upside
$44.40 Price Target
Short Interest
Healthy
0.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.33
Upright™ Environmental Score
News Sentiment
0.89mentions of Copart in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$26.50 M Sold Last Quarter
Proj. Earnings Growth
5.04%
From $1.39 to $1.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Business Services Sector

207th out of 322 stocks

Automotive Dealers & Gasoline Service Stations Industry

8th out of 21 stocks


CPRT stock logo

About Copart (NASDAQ:CPRT) Stock

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 Price History

CPRT Stock News Headlines

We Think Copart (NASDAQ:CPRT) Can Stay On Top Of Its Debt
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Copart, Inc. (NASDAQ:CPRT) Q4 2023 Earnings Call Transcript
Q4 2023 Copart Inc Earnings Call
Copart (CPRT) Q4 Earnings & Revenues Surpass Estimates
Copart Earnings Transcript (NASDAQ:CPRT)
Copart Reports Fourth Quarter Fiscal 2023 Financial Results
Copart (CPRT) Gears Up for Q4 Earnings: Things to Consider
Copart, Inc. to Release Fourth Quarter Fiscal 2023 Results
Copart Sees Insider Stock Selling
See More Headlines
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CPRT Company Calendar

Last Earnings
9/14/2023
Today
9/28/2023
Next Earnings (Estimated)
11/15/2023
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
9,500
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$44.40
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+2.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
40.17%

Debt

Sales & Book Value

Annual Sales
$3.87 billion
Cash Flow
$1.47 per share
Book Value
$6.27 per share

Miscellaneous

Free Float
847,958,000
Market Cap
$41.55 billion
Optionable
Optionable
Beta
1.19

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Key Executives

  • Mr. Willis J. JohnsonMr. Willis J. Johnson (Age 71)
    Founder & Exec. Chairman
  • Mr. A. Jayson AdairMr. A. Jayson Adair (Age 49)
    CEO & Director
  • Mr. Jeffrey  LiawMr. Jeffrey Liaw (Age 41)
    CFO & Sr. VP of Fin.
  • Mr. William E. Franklin CPA (Age 62)
    Exec. VP for U.S. Operations & Shared Services
  • Mr. Vincent W. Mitz (Age 55)
    Pres & Director













CPRT Stock - 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 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CPRT shares.
View CPRT analyst ratings
or view top-rated stocks.

What is Copart's stock price forecast for 2023?

5 Wall Street analysts have issued 1-year target prices for Copart's stock. Their CPRT share price forecasts range from $39.00 to $53.00. On average, they anticipate the company's stock price to reach $44.40 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for CPRT
or view top-rated stocks among Wall Street analysts.

How have CPRT shares performed in 2023?

Copart's stock was trading at $30.4450 at the start of the year. Since then, CPRT stock has increased by 42.9% and is now trading at $43.52.
View the best growth stocks for 2023 here
.

When is Copart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our CPRT earnings forecast
.

How were Copart's earnings last quarter?

Copart, Inc. (NASDAQ:CPRT) announced its earnings results on Thursday, September, 14th. The business services provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business services provider earned $997.59 million during the quarter, compared to analysts' expectations of $962.91 million. Copart had a net margin of 31.99% and a trailing twelve-month return on equity of 22.46%. The business's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS.
Read the conference call transcript
.

When did Copart's stock split?

Copart shares split on Friday, August 11th 2023. The 2-1 split was announced on Friday, August 11th 2023. The newly minted shares were payable 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).

What is Copart's stock symbol?

Copart trades on the NASDAQ under the ticker symbol "CPRT."

Who are Copart's major shareholders?

Copart's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (15.16%), BlackRock Inc. (8.27%), Principal Financial Group Inc. (4.24%), Alliancebernstein L.P. (3.77%), State Street Corp (3.47%) and JPMorgan Chase & Co. (2.03%). Insiders that own company stock include A Jayson Adair, Daniel J Englander, Daniel J Englander, James E Meeks, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Copart's stock price today?

One share of CPRT stock can currently be purchased for approximately $43.52.

How much money does Copart make?

Copart (NASDAQ:CPRT) has a market capitalization of $41.55 billion and generates $3.87 billion in revenue each year. The business services provider earns $1.24 billion in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Copart have?

The company employs 9,500 workers across the globe.

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.
Read More
How can I contact Copart?

Copart's mailing address is 14185 DALLAS PARKWAY SUITE 300, DALLAS TX, 75254. The official website for the company is www.copart.com. The business services provider can be reached via phone at 972-391-5000, via email at investor.relations@copart.com, or via fax at 707-644-7355.

This page (NASDAQ:CPRT) was last updated on 9/28/2023 by MarketBeat.com Staff

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