Copart

CPRT

Market cap $30.3B

The consensus price target hints at a 36.8% upside potential for Copart (CPRT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

CPRT beats Q3 estimates as higher selling prices and a richer revenue mix offset lower unit volumes and softer insurance activity.

Copart, Inc. (CPRT) Q3 2026 Earnings Call Transcript

Copart NASDAQ: CPRT reported higher revenue and profit for its fiscal third quarter of 2026, even as insurance unit volumes declined amid softer claims activity and shifting consumer insurance behavior.

Copart, Inc. (CPRT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2026. For the three months ended April 30, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $572.6 million, and $402.4 million, respectively. These represent an increase in revenue of $25.4 million, or 2.1%; an increase in gross profit of $20.3 million, or 3.7%; and a decrease in net income attributable to Copart, Inc. of $(4.2) million.

In the closing of the recent trading day, Copart, Inc. (CPRT) stood at $32.94, denoting a -1.5% move from the preceding trading day.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the third quarter of fiscal 2026 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, May 21, 2026. On Thursday, May 21, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking “Listen Here” at www.copart.com/investorrelations. A replay of the c.

Copart, Inc. (CPRT) closed the most recent trading day at $33.87, moving +1.44% from the previous trading session.

Copart, Inc. has declined nearly 50% but retains strong fundamentals and structural growth drivers, warranting a buy rating and a $39.25 price target. Rising total loss frequency, driven by EV complexity and ADAS, expands CPRT's addressable market and underpins a long-term growth thesis. CPRT's dual moat—physical yard ownership and the VB3 auction platform—creates high barriers to entry and supports durable margins.