Upside case
Bull case
$57+70.5%
CPRT would need investors to value it at roughly 36x earnings — about 15x more generous than today's 21x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Copart, Inc. (CPRT) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
19
analysts
10 bullish · 1 bearish · 19 covering CPRT
Strong Buy
0
Buy
10
Hold
8
Sell
1
Strong Sell
0
Consensus Target
$41
+21.3% vs today
Scenario Range
$28 – $57
Model bear to bull value window
Coverage
19
Published analyst ratings
Valuation Context
21.2x
Forward P/E · Market cap $32.3B
CPRT price targets
Three scenarios for where CPRT stock could go
Current
~$33
Confidence
71 / 100
Updated
May 1, 2026
Where we are now
Current · $33
Bear
$28
Base
$39
Bull
$57
Market caseClosest to today
Base case
$39+17.4%
At 25x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$28-17.5%
If investor confidence fades or macro conditions deteriorate, a 4x multiple contraction could push CPRT down roughly 17% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Copart, Inc.
CPRT · NASDAQConsumer CyclicalAuto - DealershipsJuly year-end
Copart operates the world's largest online vehicle auction platform, connecting sellers of damaged, salvaged, and used vehicles with buyers globally. It generates revenue primarily from seller fees — typically a percentage of the sale price or fixed fees per vehicle — and buyer premiums, with additional income from value-added services like transportation and title processing. The company's dominant market position is protected by its massive scale, proprietary auction technology, and extensive logistics network that creates significant barriers to entry.
Market Cap
$32.3B
Revenue TTM
$4.6B
Net Income TTM
$1.6B
Net Margin
33.8%
CPRT Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
58%Exceptional
12 quarters tracked
Revenue Beat Rate
50%Exceptional
vs consensus estimates
Avg EPS Surprise
+2.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 3 of 4Q2 2025
EPS
$0.42/$0.42
Revenue
$1.2B/$1.2B
Q3 2025
EPS
$0.41/$0.36
Revenue
$1.1B/$1.1B
Q4 2025
EPS
$0.41/$0.39
Revenue
$1.2B/$1.2B
Q1 2026
EPS
$0.36/$0.39
Revenue
$1.1B/$1.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.42/$0.42 | +0.8% | $1.2B/$1.2B | -1.4% |
| Q3 2025 | $0.41/$0.36 | +13.5% | $1.1B/$1.1B | -1.0% |
| Q4 2025 | $0.41/$0.39 | +5.2% | $1.2B/$1.2B | -2.0% |
| Q1 2026 | $0.36/$0.39 | -8.3% | $1.1B/$1.1B | -2.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.0B
+7.7% YoY
FY2
$5.5B
+10.2% YoY
EPS Outlook
FY1
$1.70
+6.4% YoY
FY2
$1.87
+9.9% YoY
Trailing FCF (TTM)$1.4B
FCF Margin: 30.5%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
CPRT beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
CPRT Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $4.6B
Product Mix
Latest annual revenue by segment or product family
Service
85.4%
+11.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
83.0%
+11.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Service is the largest disclosed segment at 85.4% of FY 2025 revenue, up 11.4% YoY.
UNITED STATES is the largest reported region at 83.0%, up 11.3% YoY.
CPRT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $45 — implies +35.7% from today's price.
Upside to Fair Value
35.7%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CPRT
21.0x
vs
S&P 500
25.2x
17% discount
vs Consumer Cyclical Trailing P/E
CPRT
21.0x
vs
Consumer Cyclical
19.6x
+7% premium
vs CPRT 5Y Avg P/E
Today
21.0x
vs
5Y Average
33.3x
37% discount
Forward PE
21.2x
S&P 500
19.1x
+11%
Consumer Cyclical
15.2x
+39%
5Y Avg
—
—
Trailing PE
21.0x
S&P 500
25.2x
-17%
Consumer Cyclical
19.6x
+7%
5Y Avg
33.3x
-37%
PEG Ratio
1.25x
S&P 500
1.75x
-29%
Consumer Cyclical
0.95x
+31%
5Y Avg
—
—
EV/EBITDA
15.5x
S&P 500
15.3x
+2%
Consumer Cyclical
11.4x
+36%
5Y Avg
24.5x
-37%
Price/FCF
26.2x
S&P 500
21.3x
+23%
Consumer Cyclical
15.0x
+75%
5Y Avg
48.6x
-46%
Price/Sales
7.0x
S&P 500
3.1x
+122%
Consumer Cyclical
0.7x
+877%
5Y Avg
10.9x
-36%
Dividend Yield
—
S&P 500
1.88%
—
Consumer Cyclical
2.15%
—
5Y Avg
—
—
| Metric | CPRT | S&P 500 | Consumer Cyclical | 5Y Avg CPRT |
|---|---|---|---|---|
| Forward PE | 21.2x | 19.1x+11% | 15.2x+39% | — |
| Trailing PE | 21.0x | 25.2x-17% | 19.6x | 33.3x-37% |
| PEG Ratio | 1.25x | 1.75x-29% | 0.95x+31% | — |
| EV/EBITDA | 15.5x | 15.3x | 11.4x+36% | 24.5x-37% |
| Price/FCF | 26.2x | 21.3x+23% | 15.0x+75% | 48.6x-46% |
| Price/Sales | 7.0x | 3.1x+122% | 0.7x+877% | 10.9x-36% |
| Dividend Yield | — | 1.88% | 2.15% | — |
CPRT trades above S&P 500 benchmarks on 3 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCPRT Financial Health
Verdict
Exceptional
CPRT generates $1.4B in free cash flow at a 30.5% margin — 20.1% ROIC signals a durable competitive advantage.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.6B
Revenue Growth
TTM vs prior year
+2.4%
Gross Margin
Gross profit as a share of revenue
45.3%
Operating Margin
Operating income divided by revenue
36.5%
Net Margin
Net income divided by revenue
33.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.60
Free Cash Flow (TTM)
Cash generation after capex
$1.4B
FCF Margin
FCF as share of revenue — the primary cash quality signal
30.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
20.1%
ROA
Return on assets, trailing twelve months
14.7%
Cash & Equivalents
Liquid assets on the balance sheet
$2.8B
Net Cash
Cash exceeds total debt — no net leverage
$2.7B
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
15.9%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
978M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageCPRT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Market & Economic Volatility
Fluctuations in fuel, commodity, and used car prices can materially reduce revenues; global expansion exposes Copart to political, regulatory, and economic risks; mild weather can reduce salvage vehicle supply, impacting auction volumes.
High Risk
Total Loss Rate & CAT Events
The total loss rate (percentage of cars deemed uneconomical to repair) is a key risk; a decline could pressure Copart's primary revenue stream. Catastrophic weather events can cause sudden volume spikes but also logistical challenges.
Medium
Transportation Costs & Seller Agreements
A material increase in transportation rates could impact operating results; risk of not securing future agreements with vehicle sellers or retaining existing salvage vehicles could harm operations.
Medium
Competitive & Market Balance
Copart faces industry-specific competitive pressures; insurers have negotiating leverage, and a more balanced market could reduce volume.
Lower
Technological & Innovation
Risks related to trade secrets and potential headwinds from autonomous vehicles and ride‑hailing adoption may affect long‑term growth, though analysts view near‑term impact as limited.
Lower
Financial & Corporate Structure
Share price volatility, shareholder rights, debt and financing considerations exist, but Copart maintains a conservative structure with minimal debt, indicating low bankruptcy risk.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CPRT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Asset-Light Model Fuels Free Cash Flow
Copart’s asset‑light auction platform eliminates costly vehicle inventory, driving robust free cash flow. The company’s TTM free cash flow growth ranks in the top 25% of the industry, underscoring the efficiency of this model.
Strong Operating Margins & Cash Generation
Operating margins are expanding, and the firm’s return on invested capital (ROIC) and net profit margin place it in the top 10% of its peers. Even with softer U.S. volumes, Copart’s cash balance remains substantial, providing financial flexibility.
International Expansion in Europe
Copart’s European business, particularly in Germany, is transitioning to its U.S.-style consignment model, positioning it for significant growth. The international segment is a key catalyst for future revenue expansion.
Temporary U.S. Volume Softness
Recent U.S. unit volume decline is attributed to cyclical factors such as higher insurance premiums and a rise in uninsured motorists, not a core business deterioration. The company’s focus on higher‑margin vehicles mitigates impact on reported unit numbers.
Financial Strength & Shareholder Returns
Copart maintains a strong balance sheet, has engaged in substantial share buybacks, and holds a sizable revolving credit facility, all of which enhance its financial flexibility and signal confidence in its valuation.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CPRT Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$33.39
52W Range Position
4%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$32.20
+3.7% from the low
52-Week High
$63.85
-47.7% from the high
1 Month
+1.67%
3 Month
-17.27%
YTD
-11.6%
1 Year
-45.1%
3Y CAGR
-5.6%
5Y CAGR
+1.7%
10Y CAGR
+20.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CPRT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
21.2x
vs 19.3x median
+10% above peer median
Revenue Growth
+7.7%
vs +7.4% median
+4% above peer median
Net Margin
33.8%
vs 7.1% median
+376% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CPR CPRT Copart, Inc. | $32.3B | 21.2x | +7.7% | 33.8% | Buy | +21.3% |
KAR KAR OPENLANE, Inc. | $2.9B | 19.3x | +7.4% | 9.2% | Buy | +16.6% |
CVN CVNA Carvana Co. | $84.4B | 50.0x | +23.6% | 7.1% | Hold | +24.3% |
EBA EBAY eBay Inc. | $49.4B | 17.7x | +5.5% | 17.6% | Hold | +1.4% |
RMA RMAX RE/MAX Holdings, Inc. | $217M | 8.2x | -3.4% | 3.4% | Hold | +56.8% |
LQD LQDT Liquidity Services, Inc. | $1.4B | 25.0x | +13.6% | 6.3% | Buy | +18.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FAQ
7 questionsCPRT Investor Questions
Common questions answered from live analyst data and company financials.
01Is Copart, Inc. (CPRT) stock a buy or sell in 2026?
Copart, Inc. (CPRT) is rated Buy by Wall Street analysts as of 2026. Of 19 analysts covering the stock, 10 rate it Buy or Strong Buy, 8 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $41, implying +21.3% from the current price of $33. The bear case scenario is $28 and the bull case is $57.
02What is the CPRT stock price target for 2026?
The Wall Street consensus price target for CPRT is $41 based on 19 analyst estimates. The high-end target is $48 (+43.8% from today), and the low-end target is $33 (-1.2%). The base case model target is $39.
03Is Copart, Inc. (CPRT) stock overvalued in 2026?
CPRT trades at 21.2x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Copart, Inc. (CPRT) stock in 2026?
The primary risks for CPRT in 2026 are: (1) Market & Economic Volatility — Fluctuations in fuel, commodity, and used car prices can materially reduce revenues; global expansion exposes Copart to political, regulatory, and economic risks; mild weather can reduce salvage vehicle supply, impacting auction volumes. (2) Total Loss Rate & CAT Events — The total loss rate (percentage of cars deemed uneconomical to repair) is a key risk; a decline could pressure Copart's primary revenue stream. (3) Transportation Costs & Seller Agreements — A material increase in transportation rates could impact operating results; risk of not securing future agreements with vehicle sellers or retaining existing salvage vehicles could harm operations. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Copart, Inc.'s revenue and earnings forecast?
Analyst consensus estimates CPRT will report consensus revenue of $5.0B (+7.7% year-over-year) and EPS of $1.70 (+6.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.5B in revenue.
06When does Copart, Inc. (CPRT) report its next earnings?
A confirmed upcoming earnings date for CPRT is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Copart, Inc. generate?
Copart, Inc. (CPRT) generated $1.4B in free cash flow over the trailing twelve months — a free cash flow margin of 30.5%. CPRT returns capital to shareholders through and share repurchases ($0 TTM).