Copart, Inc. Website

Copart, Inc.

NasdaqGS-CPRT

Company Overview

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also comprise services to sell vehicles through CashForCars.com; U-Pull-It service that allows buyer to remove valuable parts and sell the remaining parts and car body; copart 360, an online technology for posting vehicle images; membership tiers for those registering to buy vehicles through Copart.com; and virtual queue to secure a place in line while visiting one of its locations. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. The company was incorporated in 1982 and is headquartered in Dallas, Texas.

  • Name

    Copart, Inc.

  • CEO

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  • Website

    www.copart.com

  • Sector

    Commercial Services and Supplies

  • Year Founded

    1982

Company Statistics

Profile

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Bulls Say

  • We see Copart’s wide moat as safe given minimal competition and an excellent ability to provide a high liquidity marketplace for buyers and sellers.

  • Copart’s balance sheet looks to be in great shape and we expect buybacks as well as acquisitions—the latter is often more likely—to help fuel stock price growth over time.

  • Copart’s auction volumes should rise long term as used vehicle pricing caused by the chip shortage comes down while repair costs should remain high. These factors should encourage insurers to total more vehicles than in recent years after the pandemic and chip shortage.

Bears Say

  • Copart’s moat could be weakened should RB Global meaningfully improve IAA following its March 2023 acquisition, which may be occurring now.

  • German market growth could take time as title transfer laws are different and more cumbersome than in the US.

  • If cash keeps constantly piling up, it begs the question of when will it be spent and will shareholders get any of it.

Source: Morningstar Analysis - Nov 21, 2025

What's happening

Nov 15, 2025 - Dec 17, 2025

Copart Inc. Faces Significant Challenges Amidst Market Decline

  • Copart Inc. experienced a notable decline in stock performance, driven by disappointing earnings and analyst downgrades.
  • Insider trading activity raised concerns about management confidence in the company's future prospects.
  • Despite some positive indicators, investor sentiment remains cautious due to broader economic uncertainties.

Over the past month and week, Copart Inc. (CPRT) has seen a significant decline of 5.9%, markedly underperforming compared to the S&P 500's gain of 1.3%. This underperformance reflects growing concerns regarding the company’s financial health and market positioning following disappointing earnings results that led to multiple analyst downgrades.

In mid-November, CPRT faced substantial bearish sentiment after its first-quarter fiscal results revealed a revenue miss of $1.16 billion against a consensus estimate of $1.18 billion. Although earnings per share slightly exceeded forecasts at $0.41, this was overshadowed by negative market reactions that included analysts revising their price targets downward—JPMorgan lowered its target from $50 to $45 while Baird adjusted theirs from $55 to $52.

Insider trading activity further contributed to negative sentiment when Director Tryforos Thomas N sold 100,000 shares at approximately $39 each shortly before these developments became public knowledge, raising eyebrows among investors who interpreted this as a lack of confidence in future performance amid an environment where Copart holds significant cash reserves yet has not announced any share repurchase plans despite declining stock prices.

Despite slight increases in average selling prices for auctions and liquidity improvements noted earlier, these factors were insufficient to counterbalance prevailing negativity surrounding CPRT's outlook during this period. The company’s role within crucial infrastructure services related to auto salvage did little to alleviate investor fears about long-term growth prospects amidst economic uncertainties affecting consumer behavior in used vehicle markets.

Overall, CPRT's performance has been poor relative not only to the S&P but also against sector peers; it underperformed the Industrials (XLI) sector by -8.5%. In summary, Copart Inc.'s performance placed it at an underperformance rate of -7.2% relative to the S&P 500 over this one-month period.

NasdaqGS:CPRT