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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.

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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

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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.

Posted by Defense World Staff on Aug 3rd, 2026

Empowered Funds LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,657 shares of the business services provider’s stock after acquiring an additional 29,676 shares during the period. Empowered Funds LLC’s holdings in Copart were worth $4,371,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CPRT. State Street Corp grew its holdings in Copart by 1.3% during the 4th quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock worth $1,470,295,000 after acquiring an additional 492,506 shares in the last quarter. Capital World Investors increased its position in shares of Copart by 25.1% in the 4th quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after purchasing an additional 5,555,101 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Copart by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock valued at $906,836,000 after purchasing an additional 131,703 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Copart by 21.7% in the 4th quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock valued at $860,618,000 after purchasing an additional 3,918,610 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Copart during the fourth quarter worth about $569,569,000. 85.78% of the stock is currently owned by institutional investors.

Insider Activity at Copart In other news, CEO Jeffrey Liaw sold 27,745 shares of Copart stock in a transaction that occurred 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 approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.

Copart Stock Performance Copart stock opened at $29.12 on Monday. Copart, Inc. has a one year low of $26.81 and a one year high of $50.11. The company has a 50-day simple moving average of $29.82 and a 200-day simple moving average of $33.72. The firm has a market capitalization of $26.96 billion, a P/E ratio of 18.09 and a beta of 1.02.

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

Wall Street Analysts Forecast Growth A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research note on Wednesday. Jefferies Financial Group set a $45.00 price objective on Copart in a research note on Friday, May 22nd. Barclays set a $26.00 target price on Copart and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Freedom Capital upgraded Copart to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Zacks Research downgraded Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.50.

Check Out Our Latest Stock Report on CPRT

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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Posted by Defense World Staff on Jul 28th, 2026

Bank of Nova Scotia trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 62.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,995 shares of the business services provider’s stock after selling 351,586 shares during the quarter. Bank of Nova Scotia’s holdings in Copart were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Lodestone Wealth Management LLC acquired a new position in shares of Copart during the fourth quarter worth approximately $25,000. Cache Advisors LLC acquired a new stake in shares of Copart in the first quarter valued at approximately $31,000. Reflection Asset Management acquired a new stake in shares of Copart in the fourth quarter valued at approximately $34,000. Triumph Capital Management raised its position in Copart by 424.2% in the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after purchasing an additional 823 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Copart by 129.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock worth $45,000 after buying an additional 761 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In Several equities analysts recently issued reports on CPRT shares. Jefferies Financial Group set a $45.00 price target on Copart in a report on Friday, May 22nd. Zacks Research upgraded shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Barclays set a $26.00 target price on shares of Copart and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Copart presently has an average rating of “Moderate Buy” and an average target price of $43.50.

View Our Latest Stock Report on Copart

Copart Trading Up 6.6% CPRT opened at $29.79 on Tuesday. The stock has a market capitalization of $27.58 billion, a P/E ratio of 18.50 and a beta of 1.02. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The firm’s fifty day simple moving average is $30.10 and its 200 day simple moving average is $33.98.

Copart (NASDAQ:CPRT – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

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.

Further Reading Five stocks we like better than Copart AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight 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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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. ("Copart" or the "Company") (NASDAQ: CPRT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart's board of directors, effective July 31, 2026. 

On this news, Copart's stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. (“Copart” or the “Company”) (NASDAQ: CPRT).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart’s board of directors, effective July 31, 2026. 

On this news, Copart’s stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Posted by Defense World Staff on Jul 19th, 2026

Allspring Global Investments Holdings LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 4,135.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,809,924 shares of the business services provider’s stock after purchasing an additional 1,767,187 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.19% of Copart worth $59,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Copart in the fourth quarter valued at $25,000. Cache Advisors LLC acquired a new position in Copart during the 1st quarter worth about $31,000. Aventura Private Wealth LLC purchased a new position in Copart during the 4th quarter valued at about $33,000. Reflection Asset Management purchased a new position in Copart during the 4th quarter valued at about $34,000. Finally, Board of the Pension Protection Fund acquired a new position in Copart in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance CPRT opened at $27.61 on Friday. Copart, Inc. has a one year low of $27.23 and a one year high of $50.11. The company has a market cap of $25.56 billion, a P/E ratio of 17.15 and a beta of 1.02. The business’s 50-day simple moving average is $30.72 and its 200-day simple moving average is $34.48.

Copart (NASDAQ:CPRT – Get Free Report) last posted its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Copart had a return on equity of 16.63% and a net margin of 33.48%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $45.00 target price on shares of Copart in a research note on Friday, May 22nd. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Finally, Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Get Our Latest Stock Analysis on CPRT

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.

Featured Articles Five stocks we like better than Copart Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors 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 $27.61, moving -2.4% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 1.01%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.4%.

The stock of company has fallen by 6.42% in the past month, lagging the Business Services sector's gain of 3.48% and the S&P 500's gain of 0.32%.

Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.39, marking a 4.88% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 1.23% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of $1.58 per share and a revenue of $4.63 billion, demonstrating changes of -0.63% and -0.37%, respectively, from the preceding year.

Investors should also take note of any recent adjustments to analyst estimates for Copart, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.13% downward. At present, Copart, Inc. boasts a Zacks Rank of #3 (Hold).

From a valuation perspective, Copart, Inc. is currently exchanging hands at a Forward P/E ratio of 17.88. This denotes a discount relative to the industry average Forward P/E of 27.91.

The Auction and Valuation Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 232, this industry ranks in the bottom 6% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Copart, Inc. (“Copart” or the “Company”) (NASDAQ: CPRT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Copart and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On June 29, 2026, Copart announced that Jeff Liaw would step down from his roles as Chief Executive Officer and member of Copart’s board of directors, effective July 31, 2026. 

On this news, Copart’s stock price fell $2.45 per share, or 8.02%, to close at $28.10 per share on June 29, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

I've noticed that as the market turns its attention to stocks tied to artificial intelligence (AI), semiconductors, data centers, quantum computing, and space, many magnificent S&P 500 stocks have been cast aside. While there is certainly immense potential in these booming industries, I believe this outsize attention has left opportunities in the more "boring is beautiful" sectors, like industrials.

Today, I will look at three forgotten industrial stocks that not only lead their niches, but also trade at once-in-a-decade valuations, making them intriguing buy-now candidates.

1. Copart: 42% below 52-week high Copart (CPRT 0.69%) is the leading online auction platform for totaled vehicles and owns 250 salvage yards across North America and 11 countries in total. The typical transaction involves auto insurers selling (usually) totaled vehicles at auction to dismantlers, exporters, recyclers, and many other customers -- including the public.

It may sound like a fairly unassuming business, but Copart stock has been a 185-bagger since 1994, highlighting the durability of its operations.

The company's salvage yards benefit from "not-in-my-backyard" sentiment, meaning that communities generally put up a lot of resistance toward welcoming a new junkyard in town. This NIMBY-ism helps lock in Copart's status as the industry leader and provides Copart with a wide moat.

However, the company has struggled to lap catastrophe-aided, strong sales years in 2024 and 2025 , and Copart stock has been hammered. As two years of unusually strong hurricanes hit the U.S., Copart benefited from an outsize number of cars being totaled in the storms, but this set a higher than realistic benchmark for the stock to lap sales-wise.

Further aiding this drop was a recent leadership change that saw Jay Adair return to the CEO role, which was a move that caught the market by surprise.

Today's Change

(

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%) $

-0.20

Current Price

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28.14

Over time, this leadership change and short-term slowdown should normalize, and the long-term drivers of Copart's business will propel the stock to an eventual rebound. The stronger driver working in the company's favor is soaring total-loss rates from insurers, stemming from the increasingly complex technology being used in cars, which makes them more expensive to repair.

While the company faces the threat of an "existential crisis" from reduced crashes from autonomous vehicles (AVs), I think this threat is overdone at today's valuation. Even if car crashes were greatly reduced, Copart would likely play a large role in AVs' end-of-life process and the parts recycling that would follow. Not even AVs run forever.

Currently trading at 21 times free cash flow (FCF) -- its lowest mark since 2017 -- Copart looks like a great long-term, buy-and-hold investment to consider right now.

Image source: The Motley Fool.

2. Rollins: 35% below 52-week high Rollins (ROL 1.35%) is North America's leading pest control services business and is a 106-bagger since 1990. Thanks to its non-discretionary offerings, industry-leading scale, robust pricing power, and successful track record as a serial acquirer in a highly fragmented niche, Rollins has long commanded a premium valuation alongside its market-smashing returns.

However, following a Federal Trade Commission ruling, Rollins won't be allowed to impose non-compete agreements on its technicians, which the FTC argued "locked" the employees in place. The market has apparently viewed the update as bad news for Rollins, which has dropped 35% over the past year, thanks in part to this ruling.

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Now, maybe I'm overly optimistic, but I don't believe this is a death knell for the company by any means. Now, Rollins has the opportunity to build its relationship with its technicians from the ground up. Yes, there will be some short-term departures that weigh on the company, but Rollins' immense scale should help it weather the storm until everything normalizes.

Furthermore, the company benefits from virtually inelastic pricing power thanks to its essential offerings. Restaurants simply can't have any infestations. Homeowners must deal with termites. The list goes on. Similarly, whether it costs $500 or $550 for a theoretical pest problem, customers aren't likely to balk at the price, as long as it isn't completely outrageous. Whatever concessions Rollins has to make with its technicians, it should eventually be able to recoup them through its pricing power.

Currently trading at 33 times FCF, Rollins is the cheapest it has been since 2015, and looks like an excellent contrarian investment in my opinion, as it rebounds from the impacts of the FTC's recent ruling over the longer haul.

3. Otis: 29% below 52-week high Otis Worldwide (OTIS +1.04%) is the largest elevator manufacturer, installer, and repair and maintenance company in the world. Even after the company's 29% decline over the last year, Otis has delivered annualized total returns of 9% since its market debut in 2020.

At the moment, Otis is battling through a slowdown in elevator installations in China and temporary issues weighing on its all-important service and maintenance margins, which prompted its recent decline. That said, management believes margins should return to their previous levels by the end of the year, so the ongoing sell-off may be overdone.

Today's Change

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%) $

0.75

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Furthermore, while more elevator installations are almost always a good thing for Otis, they aren't really the company's bread and butter. The company's service segment accounts for two-thirds of Otis' sales and 94% of its operating profits and isn't likely to be disrupted, as elevators require recurring, mandatory maintenance and repairs. Since elevator servicing is required by law, Otis is well positioned to deliver utility-like returns for decades to come, while also offering upside from modernizing outdated equipment.

Trading at 19 times earnings and 17 times FCF -- the company's lowest mark since it debuted in 2020 -- Otis is very reasonably priced considering that its sales should continue to steadily outpace inflation over the long haul. While it may not be a multibagger anytime soon, Otis offers a well-funded 2.4% dividend yield and makes for an excellent buy-and-hold stock for decades of investment.

3 Stocks With Monopoly Power—and Minimal CompetitionCopart NASDAQ: CPRT Executive Chairman and incoming Chief Executive Officer Jay Adair told investors the company is preparing to accelerate growth initiatives as he returns to the CEO role, emphasizing that the leadership change is not temporary and that the salvage vehicle auction company remains focused on long-term expansion.

Speaking on a conference call held between earnings releases, which Adair said was the first such call in Copart’s more than three decades as a public company, he said his return was decided jointly with outgoing CEO Jeff, whom he described as a “dear friend.”

Get Copart alerts:

3 Oversold Stocks Flashing Bullish Reversal Signals“My intent is to lead the company for the next 10+ years,” Adair said. “This is not an interim arrangement.”

Adair, who said he joined Copart 37 years ago in 1989, used the call to outline the company’s history in online auctions and international expansion, as well as its current priorities. He said Copart’s strategy rests on three growth pillars: international insurance expansion, domestic whole-car expansion and technology services for customers.

Copart Points to Three Growth Pillars These 2 Auto Stocks Are Profiting as Used Cars and Parts ThriveAdair said Copart is “going to focus and double down” on initiatives tied to its three core growth areas. He said the company plans to speed up some of those efforts, which will require building a “more robust team,” including promotions and outside hiring.

When asked how long it would take to reinvigorate the growth engine, Adair said the timeline would be measured in quarters rather than years.

He also said mergers and acquisitions will be part of the strategy across all three pillars, alongside internal investment. Asked about build versus buy, Adair said, “We’re going to do both.”

Adair said Copart would remain disciplined in M&A and focus on opportunities within its industry. “We’re not going to go out and buy something that has nothing to do with our industry,” he said. He added that the company could take on debt for the right deal, despite its historically conservative balance sheet approach.

International Expansion Expected to Accelerate Adair said Copart plans to “fire” its international growth engine “back up again,” after previously slowing expansion while working through different operating models, including in Germany. He said the company is now profitable in Germany and understands how to grow in that market.

Copart reported that international unit volumes grew 5.9% and international revenue grew 14.1% year over year in the third quarter of fiscal 2026, with contributions from both insurance and non-insurance channels, according to Adair.

He said the company’s buyer network spans more than 160 countries and remains a key driver of auction returns. Adair highlighted international buyers, crossover buyers and finance buyers as critical contributors to U.S. insurance average selling prices, which he said reached an all-time high in the most recent quarter and rose approximately 4.1% year over year.

Management Sees Insurance Pressures as Cyclical Adair addressed what he described as cyclical headwinds in the U.S. insurance market, saying the company is seeing the impact of an “unprecedented dislocation” across the industry. He said inflation from 2022 to 2024 pushed carrier combined ratios out of balance, leading to rate increases and prompting some consumers to reduce coverage through higher deductibles or liability-only policies.

However, Adair said he believes those pressures are beginning to soften and that insurers are becoming more aggressive again. “We believe the consumer retrenchment is cyclical, not structural,” he said.

Adair also reiterated that total loss frequency reached approximately 23.6% in the most recent period, up nearly five percentage points over the past four years. He said higher repair costs and strong auction returns make total loss decisions more attractive to carriers. He noted that total loss frequency was about 8% when he began at Copart.

Balance Sheet and Capital Allocation Adair said Copart had nearly $4.2 billion in cash as of the third quarter of fiscal 2026, after deploying $1.6 billion into share repurchases. He said the company has “no debt on the balance sheet to speak of” and has the liquidity to evaluate strategic options.

Asked about recent land purchases, Adair said Copart has built an “amazing network” of locations and acreage. He said land buying and development, which he described as roughly half a billion dollars a year over the last decade, is “definitely going to slow down,” though some development and add-ons remain.

AI, Whole Cars and Purple Wave Adair said artificial intelligence is becoming a near-term focus, saying Copart thinks about AI “in quarters, not years.” He said the company has a head of AI and has guided employees on preferred tools. He described efficiencies as the obvious use case and said strategic applications are also being evaluated, though he declined to provide details.

On domestic whole-car growth, Adair said the business has historically been a growth engine and that he wants to see it “increase dramatically.” He said Copart is considering restructuring and other strategic moves, with a goal for the business to look “very different” in three to four quarters.

Chief Financial Officer Leah Stearns also addressed Purple Wave, saying its expansion strategy is focused primarily on building out a territory sales force to serve enterprise accounts. She said Purple Wave is domestically focused and is expanding from its Central Time Zone base toward coastal markets, initially targeting areas with the highest gross merchandise potential, with that roadmap expected to continue through 2027.

Adair closed the call by saying Copart remains customer-focused and will continue to emphasize auction liquidity. He said he expects to provide more detail when the company reports its quarter and fiscal year results in the coming months.

About Copart NASDAQ: CPRTCopart 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Copart Right Now?Before you consider Copart, you'll want to hear this.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today announced that Jane Pocock has been promoted to President of Copart, effective August 1, 2026.

Ms. Pocock joined Copart in January 2019 as Managing Director of Copart UK and has led one of the Company’s key international businesses through a period of significant growth and expansion. Under her leadership, Copart UK and Ireland has strengthened its operational footprint, expanded capacity, and delivered exceptional customer journeys for insurance carriers and their policyholders, commercial sellers, and Copart members. In her new role, Ms. Pocock brings proven experience pairing operational execution with technology-enabled products and services that help customers achieve better outcomes, while continuing to support the strong teams and customer relationships that have driven Copart’s success in the UK and Ireland.

Ms. Pocock has paired significant growth with thoughtful, people-oriented leadership. She has helped differentiate Copart’s customer experience through technology, service quality, and strong team execution. Her promotion reflects the Company’s confidence in the UK and Ireland business and its leadership team, as well as the opportunity to extend those strengths across Copart’s global platform. Prior to joining Copart, Ms. Pocock was Chief Executive of Vans Direct.

“Jane has delivered outstanding results while building strong teams and strengthening our culture,” said Jay Adair, Executive Chairman and incoming Chief Executive Officer of Copart. “For our insurance customers and their policyholders, commercial sellers, and members, Jane brings immediate experience leading customer-focused growth at scale. Her promotion reflects both the strength of our UK and Ireland business and the opportunity to extend that proven leadership across Copart globally. We look forward to her contributions as President of Copart.”

“I am honored to serve as President of Copart,” said Ms. Pocock. “Copart’s success has always been driven by its people, its technology, and its relentless commitment to customers and members. I am proud of what our UK and Ireland teammates have accomplished, and I look forward to continuing to support that momentum while working with our teams around the world to grow, strengthen our differentiated products and services, and deliver exceptional customer experiences globally.”

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.

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Copart, Inc. (CPRT) Discusses Leadership Transition and Strategic Vision from Incoming CEO Transcript

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPRT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will host an investor conference call featuring incoming Chief Executive Officer, Jay Adair, on Monday, July 6, 2026 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

The conference call will provide investors with an opportunity to hear directly from Mr. Adair regarding his appointment, leadership priorities, and perspective on Copart’s long-term strategy. Following prepared remarks, Mr. Adair will participate in a live question-and-answer session.

The call will be webcast live and available for access by clicking "Listen Here" at www.copart.com/investorrelations. A replay of the call will be available through October 2026 at 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.

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.

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today announced that Jeff Liaw will step down as Chief Executive Officer and director, effective July 31, 2026. The Board has appointed Executive Chairman Jay Adair — who previously led Copart as CEO — to resume the role of Chief Executive Officer effective July 31, 2026. Mr. Liaw will support the transition as Special Advisor to Mr. Adair.

“Jeff has provided Copart with extraordinary leadership over the past decade — first as CFO, then President, and finally as our third-ever CEO,” said Mr. Adair. “Under his stewardship the Company achieved all-time high transaction values, average selling prices, and auction liquidity. As a result, we are the trusted platform for insurance and commercial consignors all over the world. On behalf of everyone at Copart, I thank Jeff and wish him well.”

Liaw said, "Leading Copart has been the privilege of a professional lifetime. I'm grateful to the Company for affording me the opportunity, for the customers who have entrusted us with their business, and for my teammates all over the world whose tireless efforts enable us to serve our customers and members so well. I wish Copart and Jay the very best in the next chapter ahead and look forward to contributing to the Company's future success."

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.

More News From Copart, Inc.

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After reaching an all-time high of $64.38 per share in November 2024, Copart is currently caught in a ~50% drawdown. This is one of the largest pullbacks since the company's initial public offering in March 1994 and of similar size to what happened following the 2008 global financial crisis. Over the long term, I expect total loss frequency to continue its inexorable rise and to eventually surpass 30%, an incredible change versus the 4% recorded in the early 1980s.

Posted by Defense World Staff on Apr 16th, 2026

Assetmark Inc. raised its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,255 shares of the business services provider’s stock after buying an additional 34,410 shares during the quarter. Assetmark Inc. owned approximately 0.05% of Copart worth $19,859,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPRT. AQR Capital Management LLC lifted its stake in shares of Copart by 298.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock valued at $217,243,000 after purchasing an additional 3,660,031 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Copart by 2,266.7% in the 3rd quarter. Van ECK Associates Corp now owns 3,689,003 shares of the business services provider’s stock valued at $165,895,000 after purchasing an additional 3,533,133 shares during the last quarter. Akre Capital Management LLC lifted its stake in shares of Copart by 253.1% in the 3rd quarter. Akre Capital Management LLC now owns 4,236,760 shares of the business services provider’s stock valued at $190,527,000 after purchasing an additional 3,036,760 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Copart by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 108,990,652 shares of the business services provider’s stock valued at $4,901,310,000 after purchasing an additional 2,581,784 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Copart by 395.6% during the 3rd quarter. Marshall Wace LLP now owns 2,499,370 shares of the business services provider’s stock worth $112,397,000 after acquiring an additional 1,995,074 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance CPRT stock opened at $33.36 on Thursday. The firm has a market capitalization of $32.14 billion, a P/E ratio of 20.85 and a beta of 1.14. The business’s 50-day moving average is $35.45 and its two-hundred day moving average is $39.13. Copart, Inc. has a 1 year low of $32.20 and a 1 year high of $63.85.

Copart (NASDAQ:CPRT – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Copart had a net margin of 33.76% and a return on equity of 16.68%. Copart’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes CPRT has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Copart in a research note on Monday, March 23rd. Zacks Research lowered Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. decreased their target price on Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Robert W. Baird set a $48.00 target price on Copart and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Barclays reissued an “underweight” rating and set a $32.00 target price (down from $33.00) on shares of Copart in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.40.

View Our Latest Stock Analysis on Copart

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.

See Also Five stocks we like better than Copart 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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Posted by Defense World Staff on Apr 19th, 2026

Copart, Inc. (NASDAQ:CPRT – Get Free Report) CEO Jeffrey Liaw sold 26,213 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.18, for a total transaction of $869,747.34. Following the transaction, the chief executive officer owned 79,532 shares of the company’s stock, valued at $2,638,871.76. This trade represents a 24.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Copart Stock Performance Shares of NASDAQ:CPRT opened at $33.45 on Friday. The company has a fifty day moving average of $35.18 and a 200-day moving average of $38.97. The company has a market capitalization of $32.22 billion, a PE ratio of 20.91 and a beta of 1.14. Copart, Inc. has a 52-week low of $32.20 and a 52-week high of $63.85.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The business services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Copart had a return on equity of 16.68% and a net margin of 33.76%.Copart’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Copart A number of hedge funds have recently bought and sold shares of CPRT. Norges Bank bought a new position in Copart during the fourth quarter worth $569,569,000. Capital World Investors grew its stake in Copart by 25.1% during the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock worth $1,085,588,000 after purchasing an additional 5,555,101 shares during the period. Capital International Investors acquired a new stake in Copart during the fourth quarter worth approximately $195,637,000. Deutsche Bank AG grew its stake in Copart by 94.0% during the fourth quarter. Deutsche Bank AG now owns 9,955,661 shares of the business services provider’s stock worth $389,764,000 after purchasing an additional 4,823,111 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Copart by 21.7% during the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after purchasing an additional 3,918,610 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have recently commented on the stock. Robert W. Baird set a $48.00 price target on shares of Copart and gave the stock an “outperform” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Copart in a report on Monday, March 23rd. Zacks Research lowered shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. cut their price target on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Barclays reiterated an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.40.

Check Out Our Latest Stock Analysis on Copart

Copart Company Profile (Get 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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