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

    Jeffrey Liaw

  • 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 11, 2025 - Dec 11, 2025

Copart Inc. Faces Significant Challenges Amidst Analyst Downgrades and Revenue Misses

  • Copart Inc. experienced a notable decline of 7.2% over the past month, significantly underperforming relative to the S&P 500's gain of 0.3%.
  • The company's Q1 fiscal results revealed revenues that fell short of analyst expectations, raising concerns about future growth potential.
  • Insider selling by company executives has contributed to bearish sentiment among investors regarding Copart's stock performance.

Over the past month, Copart Inc. (CPRT) faced considerable challenges in its stock performance, declining by 7.2%. This downturn was primarily influenced by negative investor sentiment related to various factors affecting perceptions of the company's financial health and market position.

A pivotal moment occurred on November 24 when both JPMorgan and Baird reduced their price targets for CPRT; JPMorgan lowered its target from $50 to $45 while maintaining a Neutral rating, whereas Baird adjusted its target down from $55 to $52 but kept an Outperform rating. These downgrades highlighted growing apprehensions regarding CPRT’s future amidst mixed earnings reports that indicated revenue misses despite increases in net income and gross profit margins.

The release of Q1 fiscal results on November 21 exacerbated these concerns as CPRT reported revenues of $1.16 billion—below analyst expectations set at $1.18 billion—despite an increase in net income by 11.5% year-over-year. This revenue miss raised alarms about potential difficulties in sustaining growth momentum moving forward.

Additionally, insider selling added pressure; on November 26, Director Tryforos Thomas N filed to sell 100,000 shares at approximately $39 each after exercising options earlier at a much lower price point of $11.80 per share this month—a move often interpreted as a lack of confidence among company executives regarding future stock performance.

Overall, Copart Inc.'s stock faced significant headwinds throughout the month leading up to December with an overall drop that outpaced broader market trends; specifically underperforming against both the S&P 500 index and Industrials sector benchmarks by -7.4% and -8.4%, respectively.

NasdaqGS:CPRT