Copart (NASDAQ:CPRT) Given New $38.00 Price Target at Robert W. Baird

Copart (NASDAQ:CPRT) had its target price reduced by stock analysts at Robert W. Baird from $42.00 to $38.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target points to a potential upside of 23.58% from the company’s previous close.

CPRT has been the subject of a number of other research reports. Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of Copart in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised shares of Copart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $40.00 in a research report on Thursday, September 3rd. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.17.

Copart Price Performance

Shares of NASDAQ CPRT opened at $30.75 on Friday. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The stock’s 50-day moving average is $30.35 and its two-hundred day moving average is $32.08. Copart has a 1-year low of $26.81 and a 1-year high of $49.05.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). Copart had a net margin of 33.48% and a return on equity of 16.63%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that Copart will post 1.58 earnings per share for the current fiscal year.

Insider Activity at Copart

In other news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total transaction of $845,945.05. Following the sale, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.60% of the company’s stock.

Institutional Trading of Copart

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in Copart by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock valued at $931,000 after acquiring an additional 264 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Copart by 23.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after acquiring an additional 266 shares during the period. Valeo Financial Advisors LLC increased its position in Copart by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after buying an additional 282 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Copart by 11.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after purchasing an additional 288 shares during the period. Finally, American Trust increased its stake in Copart by 2.1% during the third quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after acquiring an additional 295 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

More Copart News

Here are the key news stories impacting Copart this week:

• Positive Sentiment: Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the digital automotive marketplace at approximately $1.9 billion. The deal expands Copart beyond salvage auctions into dealer-to-dealer wholesale remarketing and adds inspection, valuation, and vehicle-pricing data capabilities. Management expects the transaction to support earnings growth beginning in fiscal 2028. Copart to Acquire ACV, Expanding Position Across the Vehicle Remarketing Ecosystem
• Positive Sentiment: Fiscal fourth-quarter revenue reached $1.15 billion, exceeding analysts’ $1.14 billion estimate. Revenue increased 2.4% year over year, while vehicle sales rose 8.3% to $182.9 million. Investors appear to view ACV as a potential long-term growth driver that could broaden Copart’s market and accelerate its digital remarketing strategy. Copart Q4 Revenue Rises 2.4% to $1.15 Billion
• Neutral Sentiment: Copart plans to fund the acquisition with cash on hand. Management expects the combination to be earnings-neutral during the first full year of ownership before becoming accretive, making the strategic benefits longer term rather than an immediate earnings boost. Copart to buy ACV Auctions in $1.9 billion deal
• Negative Sentiment: Quarterly diluted EPS was $0.35, below consensus estimates near $0.38–$0.39 and down from $0.41 a year earlier. Net income fell 17.4% to $327.4 million, gross profit declined 5.5%, and full-year EPS decreased to $1.55 from $1.59, highlighting near-term margin and earnings pressure. Copart Inc. Lags Q4 Earnings Estimates

About Copart

Copart, Inc (NASDAQ: CPRT) provides online vehicle auction and remarketing services. The company operates a global marketplace where damaged, recovered, used and other vehicles are sold primarily through online auctions. Its offerings include salvage and clean-title vehicles, with inventory sourced from insurance companies, banks, dealerships, fleet operators, rental companies, government agencies and other organizations.

Copart supports the vehicle remarketing process through inspection, storage, transportation, title processing and auction services.