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In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $27.51, marking a -1.29% move from the previous day. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 1.11%.

Shares of the company have depreciated by 4.82% over the course of the past month, underperforming the Business Services sector's gain of 2.13%, and the S&P 500's gain of 1.46%.

The upcoming earnings release of Copart, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.41, signifying steadiness compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.18 billion, indicating a 2.41% growth compared to the corresponding quarter of the prior year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.63 per share and a revenue of $4.98 billion, indicating changes of +5.16% and +6.74%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for Copart, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.85% lower. Right now, Copart, Inc. possesses a Zacks Rank of #3 (Hold).

Investors should also note Copart, Inc.'s current valuation metrics, including its Forward P/E ratio of 17.06. This valuation marks a discount compared to its industry average Forward P/E of 21.06.

One should further note that CPRT currently holds a PEG ratio of 1.36. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CPRT's industry had an average PEG ratio of 1.36 as of yesterday's close.

The Auction and Valuation Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) (“Copart”), a global leader in online vehicle auctions, today announced the successful completion of its acquisition of ACV Auctions Inc. (NYSE: ACVA) (“ACV”). “We are pleased to complete the acquisition of ACV, which is an important milestone for Copart as we continue to deliver on our growth strategy,” said Jay Adair, Chief Executive Officer of Copart. “With ACV now part of the Copart family, we have established an industry-leading, fully c.

NorthCrest Asset Manangement LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 1,102.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,823 shares of the business services provider’s stock after buying an additional 169,449 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Copart were worth $5,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Confluence Investment Management LLC increased its stake in Copart by 44.2% in the third quarter. Confluence Investment Management LLC now owns 422,532 shares of the business services provider’s stock valued at $11,527,000 after acquiring an additional 129,591 shares during the period. Janney Montgomery Scott LLC lifted its stake in Copart by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock worth $11,076,000 after purchasing an additional 41,060 shares during the period. Handelsbanken Fonder AB lifted its stake in Copart by 6.4% during the second quarter. Handelsbanken Fonder AB now owns 578,452 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 34,855 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Copart by 3,034.7% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 200,557 shares of the business services provider’s stock valued at $5,471,000 after purchasing an additional 194,159 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Copart during the second quarter valued at approximately $1,298,000. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades CPRT has been the topic of several analyst reports. Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. BNP Paribas Exane reiterated an “outperform” rating and issued a $43.00 price target (up from $40.00) on shares of Copart in a research report on Monday, September 28th. JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $40.00 in a research note on Thursday, September 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Finally, Robert W. Baird cut their price objective on Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

Check Out Our Latest Analysis on Copart Insider Activity at Copart In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the sale, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.60% of the stock is currently owned by company insiders.

Copart Price Performance Shares of NASDAQ CPRT opened at $26.37 on Wednesday. Copart, Inc. has a fifty-two week low of $26.17 and a fifty-two week high of $45.89. The firm has a market capitalization of $24.43 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.30 and a beta of 1.06. The company’s 50 day simple moving average is $30.21 and its 200 day simple moving average is $30.92.

Copart (NASDAQ:CPRT – Get Free Report) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. Copart’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. Sell-side analysts expect that Copart, Inc. will post 1.63 EPS for the current fiscal year.

About Copart (Free Report)

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (Nasdaq: CPRT) ("Copart") today announced that its wholly owned subsidiary Apple Merger Sub, Inc. ("Purchaser") has further extended the expiration date of its all-cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.001 per share (the "Shares"), of ACV Auctions Inc. (NYSE: ACVA) ("ACV"), at a price of $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes. T.

MassMutual Private Wealth & Trust FSB lifted its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 3,034.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,557 shares of the business services provider’s stock after buying an additional 194,159 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Copart were worth $5,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CPRT. Miller Global Investments LLC increased its position in shares of Copart by 30.3% in the third quarter. Miller Global Investments LLC now owns 3,649 shares of the business services provider’s stock worth $100,000 after purchasing an additional 849 shares during the period. GoalVest Advisory LLC acquired a new position in Copart in the third quarter valued at about $552,000. Global Wealth Strategies & Associates bought a new stake in Copart during the third quarter worth about $42,000. Versant Capital Management Inc lifted its position in Copart by 831.7% during the third quarter. Versant Capital Management Inc now owns 8,823 shares of the business services provider’s stock worth $241,000 after purchasing an additional 7,876 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in Copart during the third quarter worth about $222,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 1.6% CPRT opened at $27.65 on Tuesday. The company has a market cap of $25.61 billion, a P/E ratio of 17.84, a PEG ratio of 1.32 and a beta of 1.06. The company’s 50 day moving average is $30.56 and its 200-day moving average is $31.18. Copart, Inc. has a 1-year low of $26.74 and a 1-year high of $45.89.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). Copart had a net margin of 31.81% and a return on equity of 15.93%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company earned $0.41 EPS. Copart’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Copart, Inc. will post 1.65 EPS for the current year. Analyst Ratings Changes Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Stephens reissued an “equal weight” rating and issued a $35.00 price objective on shares of Copart in a research note on Thursday, August 20th. Finally, Barclays set a $25.00 price objective on shares of Copart and gave the company an “underweight” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

View Our Latest Stock Analysis on CPRT

Insider Activity at Copart In related news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Profile (Free Report)

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.

Read More Five stocks we like better than Copart NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run A Manufacturing Surprise Could Be a Big Win for These 2 Companies What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).

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Copart, Inc. (CPRT - Free Report) closed the most recent trading day at $27.65, moving +1.58% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.

The stock of company has fallen by 19.28% in the past month, lagging the Business Services sector's loss of 4.68% and the S&P 500's gain of 0.55%.

Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. In that report, analysts expect Copart, Inc. to post earnings of $0.41 per share. This would mark no growth from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.18 billion, indicating a 2.41% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.65 per share and revenue of $4.83 billion, indicating changes of +6.45% and +3.57%, respectively, compared to the previous year.

Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.84% downward. Right now, Copart, Inc. possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 16.52. This valuation marks a discount compared to its industry average Forward P/E of 24.94.

We can also see that CPRT currently has a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.25.

The Auction and Valuation Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CPRT in the coming trading sessions, be sure to utilize Zacks.com.

Copart, Inc. (CPRT - Free Report) closed at $27.59 in the latest trading session, marking a -1.6% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.

Prior to today's trading, shares of the company had lost 14.41% lagged the Business Services sector's loss of 6.07% and the S&P 500's gain of 0.74%.

The investment community will be closely monitoring the performance of Copart, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.41, marking stability compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 2.41% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $1.65 per share and a revenue of $4.83 billion, demonstrating changes of +6.45% and +3.57%, respectively, from the preceding year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Copart, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.84% fall in the Zacks Consensus EPS estimate. As of now, Copart, Inc. holds a Zacks Rank of #3 (Hold).

In the context of valuation, Copart, Inc. is at present trading with a Forward P/E ratio of 17.01. This expresses a discount compared to the average Forward P/E of 26.95 of its industry.

It's also important to note that CPRT currently trades at a PEG ratio of 1.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Auction and Valuation Services industry had an average PEG ratio of 2.28.

The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

17.9.2026 20:04, DJI, SPX, QQQ

Americké akciové trhy se po předchozím poklesu vyvolaném zvýšením úrokových sazeb vrací k růstu. Náladu na trhu podporuje především pokles cen ropy, který mírní obavy z inflace. Hlavní index Dow Jones si připisuje 0,66 % na 51801,93 bodu, širší S&P 500 roste o 1,11 % na 7635,87 bodu a technologický Nasdaq Composite posiluje o 1,62 % na 26400,41 bodu.

Mezi odvětvími podává nejlepší výkon sektor informačních technologií se ziskem 2,1 %. Výrazně posiluje také zbytná spotřeba, která roste o 1,6 %, a základní materiály se ziskem 0,8 %. Naopak nejslabším odvětvím je nezbytná spotřeba se ztrátou 0,1 %, zatímco finanční sektor i komunikační služby si připisují mírných 0,2 %.

V čele růstových akcií stojí Generac Holdings (GNRC), které rostou o 19 % díky dohodě o dodávkách generátorů pro datová centra. Výrazný vzestup zaznamenává také Super Micro Computer (SMCI) se ziskem 10 %, Intel Corp (INTC) o 9,9 %, Hewlett Packard Enterprise (HPE) o 7,8 % a Moderna (MRNA) o 6,7 %. Na opačné straně oslabuje T-Mobile US (TMUS) o 4,7 %, Copart (CPRT) o 4,0 %, Builders FirstSource (BLDR) o 3,4 %, Axon Enterprise (AXON) o 3,4 % a Paramount Skydance Corp (PSKY) o 3,3 %.

Výnos desetiletých amerických vládních dluhopisů o osm bazických bodů na 4,95 %. Americký dolar se pohybuje bez výraznějších změn, euro vůči němu mírně roste o 0,1 % na 1,1479 USD, britská libra ztrácí 0,2 % na 1,3351 USD a japonský jen posiluje o 0,3 % na 155,81 JPY za dolar. V oblasti komodit klesá cena americké ropy WTI o 1,8 % na 100,62 USD za barel a Brent zlevňuje k hranici 103 USD za barel. Zlato naopak výrazně roste o 2,2 % na 4357,53 USD za trojskou unci. Mírné zisky si připisuje i bitcoin, který roste o 0,3 % na 76303,79 USD.

Index Dow Jones +0,66 % na 51801,93 b.
S&P 500 +1,11 % na 7635,87 b.
Nasdaq Composite +1,62 % na 26400,41 b.

Index S&P 500 +1,11 % na 7635,87 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,1 % Nezbytná spotřeba -0,1 % Zbytná spotřeba +1,6 % Finanční sektor +0,2 % Základní materiály +0,8 % Komunikační služby +0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Generac Holdings (GNRC) +19 % T-Mobile US (TMUS) -4,7 % Super Micro Computer (SMCI) +10 % Copart (CPRT) -4,0 % Intel Corp (INTC) +9,9 % Builders FirstSource (BLDR) -3,4 % Hewlett Packard Enterprise (HPE) +7,8 % Axon Enterprise (AXON) -3,4 % Moderna (MRNA) +6,7 % Paramount Skydance Corp (PSKY) -3,3 %
Daniel Marván, Fio banka, a.s.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) (“Copart”), a global leader in online vehicle auctions, today announced that Apple Merger Sub, Inc. (“Purchaser”), a wholly owned subsidiary of Copart, has commenced a tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.001 per share (the “Shares”), of ACV Auctions Inc. (“ACV”) (NYSE: ACVA), for $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes, and upon the terms and subject to the conditions set forth in the Offer to Purchase, dated September 17, 2026, and the accompanying Letter of Transmittal (together, and with other related materials, as they may be amended or supplemented from time to time, the “Offer”).

The Offer is being made pursuant to an Agreement and Plan of Merger, dated as of September 10, 2026, by and among ACV, Copart and Purchaser (the “Merger Agreement”). As soon as practicable following the acceptance of the Shares for payment (but in any event no later than the first business day following the expiration of the Offer) and subject to the satisfaction or waiver of certain conditions, Purchaser will merge with and into ACV (the “Merger”) and the separate existence of Purchaser will cease and ACV will continue as the surviving corporation and as a wholly-owned subsidiary of Copart. By virtue of the Merger, each Share outstanding immediately prior to the effective time of the Merger (subject to certain exceptions set forth in the Merger Agreement) will be converted into the right to receive $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes. The Merger will be governed by Section 251(h) of the General Corporation Law of the State of Delaware, as amended (the “DGCL”), and, as a result, does not require a vote of ACV’s stockholders. The Merger Agreement does not contemplate a subsequent offering period for the Offer.

ACV’s Board of Directors (the “ACV Board”) has published a Solicitation/Recommendation Statement on Schedule 14D-9 (the “Schedule 14D-9”) and filed the Schedule 14-9 with the Securities and Exchange Commission (the “SEC”). The Schedule 14D-9 includes, among other things, the recommendation of the ACV Board that ACV’s stockholders accept the Offer and tender their Shares to Purchaser pursuant to the Offer.

The Offer and withdrawal rights will expire at one minute following 11:59 p.m., Eastern Time, on September 30, 2026, unless the Offer is extended or earlier terminated (such date, or any subsequent date to which the expiration of the Offer is extended, the “Expiration Date”). The offer may be extended as provided in the Merger Agreement. Any extension, delay, termination or amendment of the Offer will be followed as promptly as practicable by a public announcement thereof, and such announcement, in the case of an extension, will be made no later than 9:00 a.m., Eastern Time, on the next business day after the previously scheduled Expiration Date. Shares that are tendered in the Offer may be withdrawn at any time before the Expiration Date and, if such Shares have not yet been accepted for payment, any time after November 16, 2026, which is 60 days from the date of the commencement of the Offer. Upon the terms and subject to the conditions of the Offer, Purchaser will promptly accept for payment and pay for all Shares that are validly tendered (and not validly withdrawn) pursuant to the Offer at the Expiration Date.

Purchaser’s obligation to pay for Shares validly tendered (and not validly withdrawn) pursuant to the Offer is subject to certain conditions, including, among others, (a) the Minimum Condition (as defined below) and (b) the expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The “Minimum Condition” means that there will have been validly tendered (and not validly withdrawn) in the Offer a number of Shares that, together with the Shares then owned by Purchaser and its affiliates (as such term is defined in Section 251(h)(6) of the DGCL), represents at least one Share more than 50% of the total number of Shares outstanding at the time of expiration of the Offer, excluding for these purposes Shares tendered in the Offer that have not yet been “received” by the “depository” (as such terms are defined in Section 251(h)(6) of the DGCL). The Offer is not subject to a financing condition.

The documentation relating to the Offer (including the Offer to Purchase, the Letter of Transmittal and Schedule 14D-9) can be accessed at the following link: https://www.shareholdermaterials.com/acva2026/. The Offer to Purchase, the related Letter of Transmittal and the Schedule 14D-9 (which contains the recommendation of the ACV Board and the reasons therefor) contain important information. ACV’s stockholders should carefully read all documents in their entirety before any decision is made with respect to the Offer.

The information required to be disclosed by paragraph (d)(1) of Rule 14d-6 promulgated under the Exchange Act of 1934 is contained in the Offer to Purchase and is incorporated herein by reference.

ACV has provided Purchaser with its stockholder list, security position listings and certain other information regarding the beneficial owners of Shares for the purpose of disseminating the Offer to holders of Shares. Purchaser will send the Offer to Purchase, the related Letter of Transmittal and other related documents to record holders of Shares and to brokers, dealers, commercial banks, trust companies and other nominees whose names appear on the stockholder list or, if applicable, who are listed as participants in a clearing agency’s security position listing for subsequent transmittal to beneficial owners of Shares.

Questions or requests for assistance may be directed to Innisfree M&A Incorporated, who is serving as information agent, at the address and telephone numbers set forth below. Requests for copies of the Offer to Purchase, the related Letter of Transmittal and other tender offer materials may be directed to the information agent or to brokers, dealers, commercial banks or trust companies. Such copies will be furnished promptly at Purchaser’s expense.

INNISFREE M&A INCORPORATED
500 Fifth Avenue, 21st Floor
New York, NY 10110
Shareholders May Call Toll Free:
(877) 800-5198 (from the U.S. and Canada)
Banks and Brokers May Call Collect: (212) 750-5833

About Copart
Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. For more information, visit Copart.com.

Additional Information and Where to Find It
This document is for informational purposes only and is neither a recommendation nor an offer to purchase nor a solicitation of an offer to sell any securities of ACV or any other entity, nor is it a substitute for any tender offer materials that Copart, Purchaser or ACV have filed with the SEC. Copart and Purchaser have filed a Tender Offer Statement on Schedule TO with the SEC with respect to the Offer, and ACV has filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the Offer. The Offer is being made solely pursuant to the Offer to Purchase, and the exhibits filed with respect thereto (including the Letter of Transmittal), which contain the full terms and conditions of the Offer. SECURITYHOLDERS AND OTHER INVESTORS ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 REGARDING THE OFFER, AS THEY MAY BE AMENDED FROM TIME TO TIME, WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT INVESTORS AND SECURITYHOLDERS SHOULD READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. The Tender Offer Statement on Schedule TO, the Solicitation/Recommendation Statement on Schedule 14D-9 and other related documents are available for free at the SEC’s website at https://www.sec.gov/ and under the “Financial Resources—All SEC filings” section of Copart’s investor relations website at https://www.copart.com/content/us/en/investor-relations. The Solicitation/Recommendation Statement on Schedule 14D-9 and other related documents that ACV has filed with or furnished to the SEC are available for free at the SEC’s website at https://www.sec.gov/ and under the “SEC Filings” section of ACV’s investor relations website at https://investors.acvauto.com.

In addition to the Offer to Purchase, the related Letter of Transmittal and certain other documents relating to the Offer, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, ACV and Copart file or furnish, as applicable, annual, quarterly and current reports and other information with the SEC. ACV’s and Copart’s filings with the SEC are available to the public from commercial document-retrieval services and at the SEC’s website at www.sec.gov.

Forward Looking Statements
The contents of this press release include statements that are, or may be deemed to be, “forward-looking statements.” These forward-looking statements generally can be identified by the use of forward-looking words, such as “aim”, “anticipate”, “aspire”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “entail”, “forecast”, “future”, “goals”, “hope”, “intend”, “is designed to”, “likely”, “may”, “might”, “objective”, “plan”, “possible”, “potential”, “pursue”, “project”, “predict”, “seek”, “should”, “strategy”, “target”, “will” and other words and terms of similar meaning and expression, including in connection with any discussion of future operating or financial performance. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Forward-looking statements include, without limitation, statements regarding the tender offer, the merger and other related matters; prospective performance and opportunities; post-closing operations and the outlook for the businesses of ACV and Copart, including, without limitation, the anticipated benefits, cost and revenue synergies and other opportunities of the transaction, the expected impact of the transaction on Copart’s revenue growth, the combined company’s growth profile and strategy, the expected impact to Copart’s earnings per share (“EPS”), and the ability of Copart to integrate ACV and to advance its business, products, technology and platform; and any assumptions underlying any of the foregoing. Copart’s and ACV’s actual results may differ materially from those predicted by the forward-looking statements as a result of various important factors, including but not limited to, uncertainties as to the timing of the tender offer and the merger; the risk that the tender offer or the merger may not be completed in a timely manner or at all; uncertainties as to the percentage of ACV’s stockholders tendering their shares in the tender offer; the possibility that competing offers or acquisition proposals for ACV will be made; the possibility that any or all of the various conditions to the consummation of the tender offer or the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals), including the risk that the anticipated cost and revenue synergies and other benefits of the transaction are not realized when expected or at all; risks related to the integration of ACV’s business, operations, technology and personnel; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances that would require ACV to pay a termination fee or other expenses; the effect of the announcement or pendency of the transactions contemplated by the merger agreement on Copart’s business; the effect of the announcement or pendency of the transactions contemplated by the merger agreement on ACV’s business, its ability to retain and hire key personnel, its ability to maintain relationships with its suppliers and others with whom it does business, or its operating results and business generally; risks related to diverting management’s attention from Copart’s and ACV’s ongoing business operations; the risk that stockholder litigation in connection with the transactions contemplated by the merger agreement may result in significant costs of defense, indemnification and liability.

A further list and description of these and other risks, uncertainties, and factors that could cause actual results to differ materially from those referred to in the forward-looking statements can be found in Copart’s SEC filings and reports, including in Copart’s most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, as well as in ACV’s most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC. Given these risks and uncertainties, the reader is advised not to place undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this press release. Copart undertakes no obligation to publicly update or revise the information in this press release, including any forward-looking statements, except as may be required by law.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ACV Auctions Inc. (NYSE: ACVA) to Copart, Inc. (NasdaqGS: CPRT). Under the terms of the proposed transaction, shareholders of ACV will receive $10.50 in cash for each share of ACV that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or wh.

Copart (NASDAQ:CPRT) reported fourth-quarter fiscal 2026 revenue growth despite lower global unit sales, as higher selling prices and international expansion helped offset weaker domestic insurance volumes. The company also announced an agreement to acquire ACV, a primarily digital automotive marketplace, in an all-cash transaction expected to close by the end of the calendar year.

Chief Executive Officer and Executive Chairman Jay Adair said Copart remains focused on three growth pillars: international expansion in insurance, domestic expansion in whole-car sales, and technology and services for customers. He described buyer liquidity, operational speed and a long-term founder-led approach as key differentiators for the company.

Fourth-Quarter Results Consolidated fourth-quarter revenue rose 2.4% year over year to $1.2 billion. Global service revenue increased by more than $13 million, or 1.4%, while purchased vehicle sales increased $14 million, or 8.3%, Chief Financial Officer Leah Stearns said. For fiscal 2026, revenue totaled $4.7 billion, up 0.4%. Stearns noted that fiscal 2025 benefited from Hurricane Helene and Hurricane Milton. Excluding the impact of those events, fiscal 2026 total revenue increased 2.4%.

Fourth-quarter revenue per unit increased 5.4% year over year. Full-year revenue per unit rose about 5.7%. Global average selling prices increased 3.5% in the fourth quarter and 5.5% for the full year. Fourth-quarter gross profit declined 5.5% to $481 million, with gross margin of 41.8%. Operating income fell 10.6% to $368.9 million in the quarter. Net income attributable to Copart declined 17.4% to $327.4 million, or $0.35 per diluted share. Stearns said the net-income comparison reflected a $13 million gain on asset disposals in the prior-year fourth quarter, as well as lower interest income after Copart deployed $1.63 billion toward share purchases earlier in fiscal 2026.

Full-year net income attributable to Copart decreased 4.4% to $1.48 billion, or $1.55 per diluted share. Full-year operating income declined 2.6% to $1.7 billion.

Volume Trends, Insurance Dynamics and Costs Global units sold declined 2.9% in the fourth quarter, including a 5.7% decrease in the U.S. and a 10% increase internationally. Global insurance units fell 4.2%, with domestic insurance volume down 7.5% and international insurance units up 11.2%.

Adair said that, excluding the loss of one customer, domestic insurance assignments would have increased 2.3%. He attributed broader insurance-volume pressure to lower collision claim frequency, which declined 3.4% year over year. However, he said total-loss frequency rose to 23.3% in the second quarter of fiscal 2026, the highest second-quarter level on record, while average collision severity exceeded $6,300 per claim, up nearly 8.8%.

Adair said increasing vehicle complexity could support future total-loss frequency. He cited an estimate that a new Tesla vehicle contains about 100 million lines of code, describing modern vehicles as “computers on wheels.”

Costs increased as Copart continued to invest in products and services including long-haul delivery, Title Express and dedicated wholesale facilities. Operating expense per car increased 12.7% in the fourth quarter, according to Adair. Stearns said the company is targeting lower facility costs per unit through cost management while continuing investments intended to support growth.

In the U.S., fourth-quarter facility-related costs increased $30 million, or 7.7%, and rose 14.2% on a per-unit basis. International facility-related costs rose $8.8 million, or 11.4%, but increased only 1.2% per unit.

International Growth and Wholesale Initiatives Copart’s international business remained a major source of growth. Fourth-quarter international revenue increased 11.7% to $222.1 million, while international gross profit rose 11.8% to $77.6 million. International units sold increased 10%, led by an 11.2% gain in insurance units.

International operating income reached $56.8 million, representing a 25.6% operating margin. Adair said Copart is now profitable in all of its international markets and intends to expand both within existing markets and into new countries. He said the company has developed an operating model for Germany that it plans to use as it grows across Europe.

In the U.S., non-insurance volumes returned to modest growth in the fourth quarter, rising 0.2%. Dealer units grew 5.8%, while Blue Car volume, which serves banks, rental companies and fleet customers, increased nearly 20% from the prior-year quarter. Copart Direct units declined 11.7% as the company continued to optimize its principal-unit strategy.

Stearns said Copart now has 25 dedicated wholesale facilities co-located at existing U.S. locations in major metro markets, serving 80% of the addressable wholesale market.

ACV Acquisition Plans Copart said it has agreed to acquire ACV, which sells more than 800,000 vehicles annually and operates primarily as a digital marketplace with little land of its own. ACV transacted approximately $10 billion in gross merchandise value in 2025 across more than 22,000 active buyers, Adair said.

Copart plans to maintain the Copart and ACV brands as separate operations, while integrating buyer liquidity, logistics and selected technology capabilities. ACV will operate as an independent subsidiary led by its existing team after the deal closes.

Adair said Copart expects to use its more than 275 locations as staging areas for ACV vehicles, while combining Copart’s international buyer base and logistics network with ACV’s dealer relationships, inspection capabilities and valuation technology. He said the combination could broaden access to franchise dealers and higher-end trade-ins, while potentially supporting demand for lightly damaged insurance vehicles and international sales.

The all-cash deal will be funded with cash on hand and has no financing condition. Both boards unanimously approved the transaction, which remains subject to customary closing conditions and regulatory review. Stearns clarified that Copart expects the acquisition to be breakeven during the current period and accretive in its first full fiscal year, fiscal 2028.

As of the end of July, Copart had approximately $5.7 billion of liquidity, including $4.5 billion in cash equivalents and held-to-maturity securities, plus $1.25 billion available under a revolving credit facility. The company had no debt outstanding.

About Copart (NASDAQ:CPRT) 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.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Barrington Research analyst Gary Prestopino upgraded Copart, Inc. (NASDAQ:CPRT) from Market Perform to Outperform and announced a $40 price target. Copart closed at $30.75 on Thursday. See how other analysts view this stock. Freedom Broker analyst Sergey Glinyanov upgraded IES Holdings, Inc. (NASDAQ: IESC) from Hold to Buy and announced a $440 price target. IES shares closed at $319.52 on Thursday. See how other analysts view this stock. Considering buying CPRT stock? Here’s what analysts think:

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Copart, Inc. (CPRT) Q4 2026 Earnings Call September 10, 2026 5:30 PM EDT

Company Participants

A. Adair - Executive Chairman & CEO
Leah Stearns - Senior VP & CFO

Conference Call Participants

Bob Labick - CJS Securities, Inc.
Craig Kennison - Robert W. Baird & Co. Incorporated, Research Division
Ian Davis - BNP Paribas, Research Division
John Healy - Northcoast Research Partners, LLC
Bret Jordan - Jefferies LLC, Research Division
Jeffrey Lick - Stephens Inc., Research Division
John Babcock - Barclays Bank PLC, Research Division
Jash Patwa - JPMorgan Chase & Co, Research Division

Presentation

Operator

Good day, everyone, and welcome to the Copart, Inc. Fourth Quarter Fiscal 2026 Earnings Call. Just a reminder, today's conference is being recorded.

Before turning the call over to management, I will share Copart's safe harbor statement. The company's comments today include forward-looking statements within the meaning of the federal securities laws including management's current views with respect to trends, opportunities and uncertainties in the company's industry. These forward-looking statements involve substantial risks and uncertainties. For more detail on the risks associated with the company's business, we refer you to the section titled Risk Factors in the company's annual report on Form 10-K for the year ended July 31, 2025, and each of the company's subsequent quarterly reports on Form 10-Q. Any forward-looking statements are made as of today, and the company has no obligation to update or revise any forward-looking statements.

I will now turn the call over to the company's CEO and Executive Chairman, Jay Adair.

A. Adair
Executive Chairman & CEO

All right. Thank you. Well, welcome, everyone, to the fourth quarter earnings call for 2026. I've got some prepared remarks that I'll talk to, and then I will turn it over to Leah Stearns, our CFO, and then we will open it up for questions.

So

-

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2026.

For the three months ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $481.4 million, and $327.4 million, respectively. These represent an increase in revenue of $27.3 million, or 2.4 %; a decrease in gross profit of $28.3 million, or (5.5)%; and a decrease in net income attributable to Copart, Inc. of $68.9 million, or (17.4)%, respectively, from the same period last year. Fully diluted earnings per share for the three months ended July 31, 2026 declined to $0.35 compared to $0.41 last year, or (14.6)%.

For the year ended July 31, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $4.7 billion, $2.1 billion, and $1.5 billion, respectively. These represent an increase in revenue of $19.3 million, or 0.4 %; a decrease in gross profit of $15.8 million, or (0.8)%; and a decrease in net income attributable to Copart, Inc. of $68.2 million, or (4.4)%, respectively, from the same period last year. Fully diluted earnings per share for the year ended July 31, 2026 declined to $1.55 compared to $1.59 last year, or (2.5)%.

On Thursday, September 10, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call will be available through November 2026 by visiting www.copart.com/investorrelations.

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.

Copart, Inc.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

  Copart, Inc.

Consolidated Statements of Income

(In thousands, except per share amounts)

(Unaudited)

  Three Months Ended
July 31,

Year Ended
July 31,

2026

2025

% Change

2026

2025

% Change

Service revenues and vehicle sales:

Service revenues

$

969,544

$

956,209

1.4

%

$

3,969,520

$

3,968,662

0.0

%

Vehicle sales

182,895

168,888

8.3

%

696,689

678,296

2.7

%

Total service revenues and vehicle sales

1,152,439

1,125,097

2.4

%

4,666,209

4,646,958

0.4

%

Operating expenses:

Facility operations

450,745

418,500

7.7

%

1,755,747

1,744,436

0.6

%

Cost of vehicle sales

164,211

147,398

11.4

%

616,463

602,997

2.2

%

Facility depreciation and amortization

53,759

47,172

14.0

%

201,669

191,775

5.2

%

Facility stock-based compensation

2,275

2,309

(1.5

)%

8,472

8,107

4.5

%

Gross profit

481,449

509,718

(5.5

)%

2,083,858

2,099,643

(0.8

)%

General and administrative

97,813

83,902

16.6

%

373,218

348,958

7.0

%

General and administrative depreciation and amortization

7,202

6,435

11.9

%

27,704

24,074

15.1

%

General and administrative stock-based compensation

7,530

6,790

10.9

%

30,346

29,897

1.5

%

Total operating expenses

783,535

712,506

10.0

%

3,013,619

2,950,244

2.1

%

Operating income

368,904

412,591

(10.6

)%

1,652,590

1,696,714

(2.6

)%

Other income:

Interest income, net

39,618

49,839

(20.5

)%

181,923

178,909

1.7

%

Other (expense) income, net

(3,811

)

15,978

(123.9

)%

464

19,958

(97.7

)%

Total other income

35,807

65,817

(45.6

)%

182,387

198,867

(8.3

)%

Income before income taxes

404,711

478,408

(15.4

)%

1,834,977

1,895,581

(3.2

)%

Income tax expense

77,884

83,100

(6.3

)%

354,580

347,218

2.1

%

Net income

326,827

395,308

(17.3

)%

1,480,397

1,548,363

(4.4

)%

Less: Net loss attributable to noncontrolling interest

(596

)

(1,046

)

(43.0

)%

(3,873

)

(4,086

)

(5.2

)%

Net income attributable to Copart, Inc.

$

327,423

$

396,354

(17.4

)%

$

1,484,270

$

1,552,449

(4.4

)%

Basic net income per common share

$

0.35

$

0.41

(14.6

)%

$

1.56

$

1.61

(3.1

)%

Weighted average common shares outstanding

927,067

967,100

(4.1

)%

949,640

965,306

(1.6

)%

Diluted net income per common share

$

0.35

$

0.41

(14.6

)%

$

1.55

$

1.59

(2.5

)%

Diluted weighted average common shares outstanding

932,140

977,778

(4.7

)%

956,860

977,563

(2.1

)%

  Copart, Inc.

Consolidated Balance Sheets

(In thousands)

(Unaudited)

  July 31, 2026

July 31, 2025

ASSETS

Current assets:

Cash, cash equivalents, and restricted cash

$

1,907,901

$

2,780,531

Investment in held to maturity securities

2,581,901

2,008,539

Accounts receivable, net of allowance for credit losses of $18,551 and $12,945, respectively

809,247

762,811

Vehicle pooling costs

122,948

116,145

Inventories

51,382

39,661

Income taxes receivable

49,856

580

Prepaid expenses and other assets

44,959

46,361

Total current assets

5,568,194

5,754,628

Property and equipment, net

3,733,220

3,598,093

Operating lease right-of-use assets

83,728

99,708

Intangibles, net

50,477

62,832

Goodwill

511,297

517,779

Other assets

80,894

57,862

Total assets

$

10,027,810

$

10,090,902

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$

634,675

$

591,831

Deferred revenue

32,466

30,440

Income taxes payable

21,437

41,141

Current portion of operating and finance lease liabilities

15,163

19,869

Total current liabilities

703,741

683,281

Deferred income taxes

127,918

80,625

Income taxes payable

9,067

35,635

Operating and finance lease liabilities, net of current portion

73,204

83,870

Total liabilities

913,930

883,411

Commitments and contingencies

Redeemable non controlling interest

16,585

20,458

Stockholders’ equity:

Preferred stock

-

-

Common stock

93

97

Additional paid-in capital

1,226,354

1,214,150

Accumulated other comprehensive loss

(109,778

)

(120,283

)

Retained earnings

7,980,626

8,093,069

Total stockholders’ equity

9,097,295

9,187,033

Total liabilities, redeemable noncontrolling interests and stockholders’ equity

$

10,027,810

$

10,090,902

  Copart, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

  Year Ended July 31,

2026

2025

Cash flows from operating activities:

Net income

$

1,480,397

$

1,548,363

Adjustments to reconcile net income to net cash provided by
operating activities:

Depreciation and amortization, including debt cost

238,466

217,784

Allowance for credit losses

5,599

354

Equity in losses (income) from unconsolidated affiliates

326

(149

)

Stock-based compensation

38,818

38,004

Loss (gain) on sale of property and equipment

1,130

(13,726

)

Deferred taxes

47,359

(13,440

)

Changes in operating assets and liabilities, net of effects from acquisitions:

Accounts receivable

(80,629

)

(33,950

)

Vehicle pooling costs

(6,358

)

16,705

Inventories

(11,443

)

4,655

Prepaid expenses and other current and non-current assets

(47,613

)

7,748

Operating lease right-of-use assets and lease liabilities

690

478

Accounts payable and accrued liabilities

32,507

69,599

Deferred revenue

1,908

2,159

Income taxes receivable

(49,277

)

(575

)

Income taxes payable

(47,388

)

(44,259

)

Net cash provided by operating activities

1,604,492

1,799,750

Cash flows from investing activities:

Purchases of property and equipment

(337,363

)

(568,990

)

Assets and liabilities acquired in connection with acquisition

(5,004

)

(1,223

)

Proceeds from sale of property and equipment

12,575

31,831

Investment in held to maturity securities

(2,889,072

)

(4,001,918

)

Proceeds from held to maturity securities

2,345,000

3,960,000

Investment in unconsolidated affiliate

(3,737

)

(7,148

)

Net cash used in investing activities

(877,601

)

(587,448

)

Cash flows from financing activities:

Proceeds from the exercise of stock options

16,702

42,759

Proceeds from the issuance of Employee Stock Purchase Plan shares

14,312

14,679

Repurchases of common stock

(1,632,538

)

—

Payments for employee stock-based tax withholdings

(3,736

)

(5,282

)

Debt issuance costs

(1,534

)

—

Payments of finance lease obligations

(60

)

(49

)

Net cash (used) provided by financing activities

(1,606,854

)

52,107

Effect of foreign currency translation

7,333

2,011

Net increase (decrease) in cash, cash equivalents, and restricted cash

(872,630

)

1,266,420

Cash, cash equivalents, and restricted cash at beginning of period

2,780,531

1,514,111

Cash, cash equivalents, and restricted cash at end of period

$

1,907,901

$

2,780,531

Supplemental disclosure of cash flow information:

Interest paid

$

1,866

$

2,019

Income taxes paid, net of refunds

$

398,380

$

409,003

Purchase of property and equipment through settlement of deposit

$

6,222

$

64,050

  Copart, Inc.

Segments Information

(In thousands)

(Unaudited)

  Three Months Ended July 31, 2026

Three Months Ended July 31, 2025

United States

International

Total

United States

International

Total

Service revenues

$

817,822

$

151,722

$

969,544

$

824,813

$

131,396

$

956,209

Vehicle sales

112,512

70,383

182,895

101,450

67,438

168,888

Total service revenues and vehicle sales

930,334

222,105

1,152,439

926,263

198,834

1,125,097

Facility operations

420,863

85,916

506,779

390,847

77,134

467,981

Cost of vehicle sales

105,671

58,540

164,211

95,155

52,243

147,398

General and administrative

91,649

20,896

112,545

82,793

14,334

97,127

Operating income

$

312,151

$

56,753

$

368,904

$

357,468

$

55,123

$

412,591

Year Ended July 31, 2026

Year Ended July 31, 2025

United States

International

Total

United States

International

Total

Service revenues

$

3,388,287

$

581,233

$

3,969,520

$

3,451,558

$

517,104

$

3,968,662

Vehicle sales

419,143

277,546

696,689

403,546

274,750

678,296

Total service revenues and vehicle sales

3,807,430

858,779

4,666,209

3,855,104

791,854

4,646,958

Facility operations

1,634,412

331,476

1,965,888

1,646,183

298,135

1,944,318

Cost of vehicle sales

391,028

225,435

616,463

378,100

224,897

602,997

General and administrative

362,950

68,318

431,268

349,935

52,994

402,929

Operating income

$

1,419,040

$

233,550

$

1,652,590

$

1,480,886

$

215,828

$

1,696,714

More News From Copart, Inc.

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Is Copart Inc (CPRT) Undervalued After Q4 Earnings Miss? EPS at $0.35, Revenue at $1.2 Billion - GF Score: 86/100 Fiscal Summary for Fourth Quarter 2026

On September 10, 2026, Copart Inc CPRT released its 8-K filing detailing financial outcomes for the quarter ending July 31, 2026. The company reported fourth-quarter revenue of $1.2 billion, a decrease in gross profit to $481.4 million, and net income attributable to Copart, which decreased to $327.4 million. These figures reflect a revenue increase of 2.4%, but declines in gross profit of 5.5% and net income of 17.4% compared to the same period last year. The diluted earnings per share (EPS) for the quarter was $0.35, a decline from $0.41 in the previous year.

Founded in 1982 and headquartered in Dallas, Copart operates a global online salvage vehicle auction across North America, Europe, and the Middle East. The company facilitates more than 4 million transactions annually using its virtual bidding platform, VB3, connecting over 750,000 registered buyers to vehicle consignors. Predominantly sourcing vehicles from auto insurance companies, approximately 80% of its vehicle volume consists of those deemed total loss. Copart also provides related services including vehicle transportation, storage, title transfer, and salvage value estimation.

Performance OverviewDespite achieving an increase in overall revenue for the fourth quarter, Copart experienced notable declines in critical profitability metrics, which has raised some concerns among investors. The drop in gross profit indicates potential challenges with cost management and pricing pressures in the auction market. These performance dips are vital to monitor, as sustained decreases in profitability could adversely affect the company’s ability to reinvest in growth initiatives and reward shareholders.

For the fiscal year, Copart reported a marginal revenue increase of 0.4% to $4.7 billion, alongside a decrease in gross profit of 0.8% and net income reduction of 4.4%. The full-year diluted EPS was $1.55, down from $1.59 the previous year, mirroring similar challenges faced in the quarterly results.

Financial Highlights and MetricsCopart's income statement for the quarter ended July 31, 2026, illustrates a mixed performance regarding key financial indicators:

MetricThis Quarter (Q4 2026)Last Year (Q4 2025)% ChangeRevenue$1.2 billion$1.17 billion+2.4%Gross Profit$481.4 million$509.7 million-5.5%Net Income$327.4 million$396.4 million-17.4%Diluted EPS$0.35$0.41-14.6%These results indicate a concerning trend with decreases in profitability despite stable revenues. Investors should pay close attention to Copart's operational efficiencies and cost controls to ascertain the sustainability of its financial performance.

“Our commitment remains to optimize our operational capacity while addressing the current economic challenges to enhance long-term value for our shareholders,” Copart stated in their earnings call.GuruFocus Valuation CheckAccording to GuruFocus data, Copart Inc CPRT holds a GF Score of 86/100, indicating a strong financial health and operational performance. The current GF Value is assessed at $57.61, positioning the stock at a significant undervaluation since its current price of $30.75 represents a 46.6% discount. This discrepancy presents a compelling opportunity for value investors seeking potentially undervalued stock.

With a Financial Strength rating of 8/10, a Profitability Rank and Growth Rank of 10/10, and a Predictability rating of five stars, the company demonstrates robust operational metrics. These ranks suggest that Copart is notably successful in maintaining its profitability and managing growth efficiently, making it an attractive investment. However, notable insider activity reveals that insiders sold $20.8 million in stock over the past 12 months, warranting caution among prospective investors.

In summary, while Copart appears undervalued, recent insider selling may indicate some level of caution to consider. For a deeper dive, visit the Copart Inc stock page on GuruFocus.

Explore the complete 8-K earnings release (here) from Copart Inc for further details.

GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $57.61 (46.6% undervalued); its GF Score™ is 86/100; 11 gurus currently hold the stock, with 6 adding and 4 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full Copart Inc CPRT research.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

September 10, 2026 1. Can Apple Make the Fold Pay?

Image source: Created by Jester AI.

Apple (AAPL +1.12%) spent years watching Samsung sell foldables only to figure out how to sell you the idea of a foldable – at a premium, with better marketing. That's the real innovation here.

In his very first keynote during the launch of Apple's first foldable iPhone Duo, new CEO John Ternus took a direct jab at Samsung's design ("two phones awkwardly stuck together"). That's a way of saying: we don't care who got here first, we care who actually got it right.

But, is this really about design and software? The $1,999 price tag puts Duo more than 50% above the iPhone 18 Pro Max. Apple isn't trying to win on price or chase the 2% of the market that already buy foldables elsewhere. It is recycling its favorite margin trick that worked for Pro: price above the rest, and let exclusivity justify the gap.

Apple investors will watch two things here. Will Duo cannibalize Pro Max sales by moving existing customers to a pricier bucket (net margin-neutral), or expand Apple's pricing pie through new customers (net margin-positive)?

The third is the one nobody wants to see (except rivals, of course!): foldables flop, and Apple eats the manufacturing and R&D bills with nothing to show for it.

Team Hidden Gems has a 5-year price prediction of $559.31. Shares trade today around $315.

2. Anthropic's Safety Doubts Go Public Before Its IPO Employee Jacob Coxon resigned from Anthropic on Tuesday, posting a warning on X that AI labs are racing toward self-improving superintelligence and taking what he thinks are unacceptable risks with human lives.

Investors can't model existential risk, but they can model regulation, which is the real threat to AI infrastructure bets. Every dollar spent on the current AI buildout assumes rapid, uninterrupted growth.

None of this argues for selling anything. It argues for knowing what you own. Consider asking yourself two questions:

How much of your portfolio relies on AI spending compounding for years? Would you comfortably hold those positions if AI spending merely continues rather than accelerates? If both answers pass the test, stay the course. Long-term investing works because it doesn't require reacting to every headline, and the cheapest time to examine a concentration is while the market is still calm about it.

3. TSMC Can't Keep Up With Soaring Chip Demand

Taiwan Semiconductor Manufacturing (TSM -1.88%), the chipmaker behind Nvidia (NVDA -2.23%) and Apple's most advanced chips, is struggling to keep up with demand. Its August revenue of NT$514.8 billion ($16.3 billion) surged 53.3% year over year. It is building 20 new factories at once, four or five times its normal pace.

The bull case: In a clear pricing-power signal, demand is outrunning supply on TSMC's most advanced nodes. It's setting the terms, not the customer. Revenue has now accelerated for four straight months, suggesting the AI capacity crunch is a sustained state, not a one-quarter spike. The margin question for 2027: Analysts expect a 65.5% gross margin in 2027, down from 66.4% now. Two-nanometer chips and overseas fabs each shave off a few points. A $60 billion-plus capital expenditure budget piles more pressure on profits through depreciation. Can pricing power, including hikes pushed into early 2027, cushion that drag? It's a wait-and-watch.

4. Adobe and Oracle Headline a Busy Earnings Night

Gear up for Adobe (ADBE -1.40%) and Oracle (ORCL -1.75%) earnings tonight, already previewed in Tuesday's Breakfast News. Other notable earnings you'd want to keep an eye on:

Copart (CPRT -0.09%) beat earnings estimates last quarter, but softer insurance auction volumes didn't sit well with investors. That's the trend to watch out for tonight. Fool contributing analyst Jeff Santoro noted last month the net income margin for the Rule Breakers rec "has stayed very consistent." "That is something I like to see in businesses. If your top line growth slows and you're able to remain as profitable as you were before, that tells me you have good cost controls," he says. Descartes Systems (DSGX +0.22%) – a recommendation by Team Hidden Gems – expects its Global Trade Intelligence segment to outperform. Tariffs and sanctions are a boon for this logistics software company, which helps businesses navigate the mess of cross-border trade, customs, and compliance. Investors will watch for management's comments on AI agents. RH (RH +1.19%), the luxury home furnishings retailer, has dealt with tariff exposure all year. Key things to watch in its upcoming report: lingering margin pressure, plus any signal on new tariff actions, including a possible furniture-specific investigation. Add to that RH's expensive push into European galleries, which is squeezing near-term margins even as it builds out the long-term growth story. The stock is on hold as a Stock Advisor recommendation by Team Rule Breakers. 5. The Near-60% Loss That Led Us to a 60-Bagger Team Rule Breakers

Rule Breakers recommended Shopify (SHOP -0.30%) in February 2016 and again in March 2016. Those recommendations are up 6,180% and 4,890%. But they weren't our first attempt at self-serve, cloud-based e-commerce.

"Thinking like a venture capitalist" is something we often mention when it comes to Rule Breaker investing, and it's great when it means reaping huge returns. But bigger rewards mean bigger risks. VC firms see around half their financings lose money, while just a tiny portion become home runs. That's the "Babe Ruth effect," coined by famed financial strategist Michael Mauboussin: "The frequency of correctness does not matter; it is the magnitude of correctness that matters." One lesson is to separate a business concept from its execution.

The concept came years too early: Several years earlier we invested in a company called Digital River, which was trying to be Shopify before Shopify was public. Our swing ended up with a 59% loss before we sold, and the company eventually went bankrupt. Then a better version showed up: We recognized that a good idea got even better because Shopify was serving the long tail of small merchants, not a handful of giant enterprises. It's OK to be too early on an idea. Seeing a great idea not-quite work out can help you recognize a better shot on goal. Our next Digital River is out there. So is our next Shopify.

6. Today's Question! Would you buy shares of a first mover – or wait until one gets it right?

Discuss with friends and family, or become a member to hear what your fellow Fools are saying!

The Motley Fool has positions in and recommends Adobe, Apple, Copart, Descartes Systems Group, Nvidia, Oracle, Shopify, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends RH and recommends the following options: long January 2028 $330 calls on Adobe and short January 2028 $340 calls on Adobe. The Motley Fool has a disclosure policy.

Market players hit the gas pedal on auto marketplace operator Copart (CPRT +4.42%) on Thursday, following an analyst recommendation upgrade. With that fuel injection into the shares, they zoomed more than 4% higher that trading session. That was in sharp contrast to the benchmark S&P 500 index, which dipped by 0.7%.

Shifting to a higher gear The person behind the upgrade was Jash Patwa of JPMorgan Chase's J.P. Morgan. Well before market open Thursday, he moved his Copart recommendation up one peg to overweight (read: buy) from neutral. He accompanied this with a significant price target raise, to $40 per share from $32.

Image source: Getty Images.

According to reports, Patwa waxed bullish about the early tenure of returning CEO Jay Adair, writing that Copart appears to be picking up share in some states from an insurer he did not name.

While acknowledging that Copart's business as a salvage market specialist is difficult and competitive, he ticked off several advantages the company could harness. He feels that it betters competitors in terms of service levels and long-standing relationships with key insurers, among other factors.

Premium Feature

Moneyball Superscore

71/100

Today's Change

(

4.42

%) $

1.42

Current Price

$

33.58

Gains from total losses Adair served as CEO from 2010 to 2024 (although in those last two years, he was co-CEO alongside Jeff Liaw). He's clearly not resting on those laurels, as evidenced by Copart's apparent interest in acquiring car insurance software developer CCC Intelligent Solutions Holdings, according to an article published in mid-August by Bloomberg.

It's still early days for Adair's second stint at the top, but these initial signs are encouraging. Ditto for the dynamic of total loss frequency (i.e., the rate at which insurers declare cars involved in accidents to be total losses), which favors Copart's business. This could be a sleeper stock to watch in the auto industry-adjacent space.

JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Copart and JPMorgan Chase. The Motley Fool recommends CCC Intelligent Solutions. The Motley Fool has a disclosure policy.

Bank of Nova Scotia acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 181,513 shares of the business services provider’s stock, valued at approximately $5,120,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. C M Bidwell & Associates Ltd. bought a new stake in Copart during the second quarter valued at about $25,000. Versant Capital Management Inc raised its stake in shares of Copart by 110.9% in the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $27,000 after buying an additional 498 shares during the period. Cache Advisors LLC purchased a new position in shares of Copart during the 1st quarter valued at about $31,000. Compass Financial Management LLC purchased a new position in shares of Copart during the 2nd quarter valued at about $33,000. Finally, Reflection Asset Management bought a new position in shares of Copart during the 4th quarter valued at approximately $34,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the transaction, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.60% of the stock is currently owned by insiders.

Copart Trading Up 0.2% NASDAQ CPRT opened at $33.33 on Wednesday. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The stock has a market cap of $30.86 billion, a PE ratio of 20.70 and a beta of 1.01. The stock’s 50 day moving average is $29.61 and its 200 day moving average is $32.57. Wall Street Analyst Weigh In CPRT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Freedom Capital raised shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Stephens restated an “equal weight” rating and set a $35.00 price objective on shares of Copart in a research report on Thursday, August 20th. Zacks Research cut shares of Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group set a $45.00 target price on shares of Copart in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.67.

Get Our Latest Analysis on Copart

Copart Company Profile (Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

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Barbara Oil Co. purchased a new stake in Copart, Inc. (NASDAQ:CPRT – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 54,800 shares of the business services provider’s stock, valued at approximately $1,585,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. purchased a new stake in shares of Copart in the second quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in Copart by 110.9% in the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $27,000 after acquiring an additional 498 shares during the period. Cache Advisors LLC acquired a new stake in Copart in the first quarter valued at approximately $31,000. Compass Financial Management LLC acquired a new position in shares of Copart during the second quarter worth $33,000. Finally, Reflection Asset Management purchased a new position in shares of Copart in the fourth quarter valued at $34,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In CPRT has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of Copart in a report on Thursday. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Barclays set a $26.00 price objective on Copart and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.67.

Check Out Our Latest Stock Report on CPRT Copart Stock Performance Copart stock opened at $33.80 on Monday. The company has a 50-day simple moving average of $29.49 and a 200-day simple moving average of $32.66. The firm has a market capitalization of $31.29 billion, a P/E ratio of 20.99 and a beta of 1.01. Copart, Inc. has a one year low of $26.81 and a one year high of $50.11.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. As a group, sell-side analysts forecast that Copart, Inc. will post 1.58 earnings per share for the current year.

Insiders Place Their Bets In other news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the completion of the transaction, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 9.60% of the company’s stock.

About Copart (Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

Recommended Stories Five stocks we like better than Copart VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

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Allworth Financial LP purchased a new stake in Copart, Inc. (NASDAQ:CPRT – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,578 shares of the business services provider’s stock, valued at approximately $721,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Reflection Asset Management acquired a new stake in Copart during the 4th quarter valued at $34,000. Cache Advisors LLC purchased a new stake in shares of Copart in the first quarter valued at $31,000. Versant Capital Management Inc boosted its position in shares of Copart by 110.9% in the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $27,000 after buying an additional 498 shares during the period. Triumph Capital Management grew its holdings in shares of Copart by 424.2% during the fourth quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after buying an additional 823 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after buying an additional 878 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart In other news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This trade represents a 21.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.60% of the company’s stock.

Copart Stock Performance Shares of CPRT opened at $33.80 on Monday. The firm has a market cap of $31.29 billion, a PE ratio of 20.99 and a beta of 1.01. The firm’s 50 day moving average price is $29.49 and its 200 day moving average price is $32.66. Copart, Inc. has a twelve month low of $26.81 and a twelve month high of $50.11. Copart (NASDAQ:CPRT – Get Free Report) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades Several research firms recently weighed in on CPRT. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Barclays set a $26.00 target price on shares of Copart and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Copart presently has an average rating of “Hold” and an average price target of $41.67.

Check Out Our Latest Research Report on Copart

Copart Profile (Free Report)

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.

See Also Five stocks we like better than Copart VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.

In the latest trading session, Copart, Inc. (CPRT - Free Report) closed at $34.34, marking a +1.45% move from the previous day. This move outpaced the S&P 500's daily loss of 0.87%. Elsewhere, the Dow saw a downswing of 1.32%, while the tech-heavy Nasdaq depreciated by 1%.

The company's shares have seen an increase of 24.59% over the last month, surpassing the Business Services sector's gain of 2.11% and the S&P 500's gain of 3.48%.

Investors will be eagerly watching for the performance of Copart, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 4.88% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.14 billion, indicating a 1.23% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.58 per share and a revenue of $4.63 billion, representing changes of -0.63% and -0.37%, respectively, from the prior year.

Any recent changes to analyst estimates for Copart, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Copart, Inc. is carrying a Zacks Rank of #4 (Sell).

In terms of valuation, Copart, Inc. is presently being traded at a Forward P/E ratio of 20.37. For comparison, its industry has an average Forward P/E of 27.07, which means Copart, Inc. is trading at a discount to the group.

The Auction and Valuation Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 202, placing it within the bottom 18% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported that David J. Berger has joined Copart's Board of Directors, effective August 13, 2026.

Mr. Berger, 67, currently serves as a Senior Partner of Wilson Sonsini Goodrich & Rosati, P.C., a law firm, where he has practiced since 1989 and has served as a Partner for more than twenty years. His practice focuses on corporate governance, mergers and acquisitions, and shareholder activism. He has held a number of leadership positions at the firm, including service on its board of directors, as chair of its Policy Committee, and on the board of the firm’s venture capital fund. Mr. Berger has served as President of the American College of Governance Counsel since May 2023. He currently serves as a director of the Long-Term Stock Exchange, where he chairs its Nominating and Governance Committee. Since 2023, Mr. Berger has served as co-chair of the annual Rome Conference on AI, Ethics and Governance held at the Vatican as well as a director of various non-profit organizations. Mr. Berger received his J.D. from Duke University School of Law and his B.A. from Duke University.

“We are pleased to welcome David Berger to Copart’s Board of Directors,” said Jay Adair, Chief Executive Officer of Copart. “David brings exceptional experience in corporate governance, mergers and acquisitions, and complex litigation, along with a deep understanding of the issues facing public companies. His leadership and expertise will be valuable as Copart continues to grow and create long-term value for our shareholders, customers, employees and communities.”

About Copart

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/Register.

Cautionary Note About Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to substantial risks and uncertainties. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected or implied by our statements and comments. For a more complete discussion of the risks that could affect our business, please review the “Management’s Discussion and Analysis” and the other risks identified in Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. We encourage investors to review these disclosures carefully. We do not undertake to update any forward-looking statement that may be made from time to time on our behalf.

Related Links

https://www.copart.com

More News From Copart, Inc.

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Jeffrey Liaw, Chief Executive Officer of Copart, Inc. (CPRT +1.10%), sold 27,745 shares of common stock on July 28, 2026, as disclosed in a recent SEC Form 4 filing.

Transaction summaryMetricValueShares sold (directly held)27,745Transaction value~$846,000Post-transaction shares (directly held)99,641Post-transaction value~$3.1 millionTransaction value based on SEC Form 4 weighted average sale price ($30.49); post-transaction value based on July 28, 2026, market close ($30.69).

Key questionsWhat was the mechanism for this transaction?
The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Liaw on April 15, 2025. These plans are established to allow corporate insiders to sell a predetermined number of shares at set times to avoid potential conflicts regarding material non-public information.What is the insider's remaining equity exposure?
Following the sale, Liaw maintains direct ownership of 99,641 shares of common stock. Additionally, the executive holds 178,718 derivative securities, including both vested and unvested stock options, ensuring continued alignment with long-term company performance.How does the current valuation compare to the transaction price?
The transaction was executed at $30.49 per share, slightly below the July 28, 2026, market close of $30.69. As of July 29, 2026, market close, shares traded at $30.82, and the company had a market capitalization of $27.4 billion.What has been the recent trajectory of the stock?
At the time of the transaction on July 28, 2026, the stock had declined by 33.4% over the previous 12 months. Despite this performance, the Dallas-based company remains a significant global provider of online vehicle auctions with trailing-twelve-month revenue of $4.6 billion.Company OverviewMetricValueShare Price (as of market close 2026-07-29)$30.82Market Capitalization$27.4 billionRevenue (TTM)$4.6 billionNet Income (TTM)$1.5 billionCompany SnapshotCopart operates a global online vehicle auction platform and comprehensive vehicle remarketing services, generating revenue primarily through auction transaction fees, seller fees, and ancillary services across multiple international markets.The company's business model leverages proprietary virtual bidding technology to facilitate the buying and selling of vehicles over the internet, capturing value through transaction-based fees and operational efficiency gains.Copart serves a diverse customer base, including insurance companies, fleet operators, financial institutions, and individual vehicle sellers across the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.

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Copart, Inc. is a leading global provider of online vehicle auctions and remarketing solutions, with a market capitalization of $27.4 billion and trailing 12-month revenue of $4.6 billion.

The company maintains a significant competitive advantage through its proprietary digital platform, which enables efficient price discovery and liquidity in the vehicle remarketing market across 11 international jurisdictions.

With 11,600 employees and a trailing 12-month net income of $1.6 billion, Copart demonstrates substantial operational leverage and profitability in the specialty business services sector.

What this transaction means for investorsThis sale shouldn’t be concerning for investors. It was a pre-planned sale under a Rule 10b5-1 trading plan adopted by Liaw on April 15, 2025. Insiders often use this rule to execute transactions planned well in advance to avoid the appearance of trading on non-public information about the company.

Moreover, the sale represents a minor portion of Liaw’s stake. As of July 28, 2026, he still held 99,641 shares.

The stock’s decline follows the business’s slowing growth. On a trailing 12-month basis, revenue grew 1% year over year. This is down from the roughly 10% increase in the previous three years.

Importantly, the company’s profitable business model, built on service fees, continues to generate earnings growth even as sales momentum slows. Earnings per share increased nearly 6% on a trailing basis, reaching $1.61.

The company’s growth means the stock is offering more value at these lower share prices. The forward price-to-earnings multiple currently sits at a reasonable 17.7x, with analysts still expecting modest revenue and earnings growth over the next two years.