Upside case
Bull case
$41+35.1%
CPRT would need investors to value it at roughly 26x earnings — about 7x more generous than today's 19x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 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
$47
+53.8% vs today
Scenario Range
$20 – $41
Model bear to bull value window
Coverage
19
Published analyst ratings
Valuation Context
19.1x
Forward P/E · Market cap $28.0B
CPRT price targets
Three scenarios for where CPRT stock could go
Current
~$30
Confidence
58 / 100
Updated
Jun 18, 2026
Where we are now
Current · $30
Bear
$20
Base
$31
Bull
$41
Market caseClosest to today
Base case
$31+2.5%
This is close to how the market is already pricing CPRT — at roughly 20x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$20-35.4%
If investor confidence fades or macro conditions deteriorate, a 7x multiple contraction could push CPRT down roughly 35% 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
$28.0B
Revenue TTM
$4.6B
Net Income TTM
$1.6B
Net Margin
33.5%
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
+1.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 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
Q2 2026
EPS
$0.43/$0.41
Revenue
$1.2B/$1.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| 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% |
| Q2 2026 | $0.43/$0.41 | +5.8% | $1.2B/$1.2B | +3.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.1B
+9.4% YoY
FY2
$5.4B
+5.6% YoY
EPS Outlook
FY1
$1.53
-4.9% YoY
FY2
$1.60
+4.7% YoY
Trailing FCF (TTM)$1.3B
FCF Margin: 28.9%
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
Cheap versus peers
Fair value est. $40 — implies +33.4% from today's price.
Upside to Fair Value
33.4%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CPRT
19.0x
vs
S&P 500
24.4x
22% discount
vs Consumer Cyclical Trailing P/E
CPRT
19.0x
vs
Consumer Cyclical
21.2x
10% discount
vs CPRT 5Y Avg P/E
Today
19.0x
vs
5Y Average
33.3x
43% discount
Forward PE
19.1x
S&P 500
18.8x
+1%
Consumer Cyclical
16.3x
+17%
5Y Avg
—
—
Trailing PE
19.0x
S&P 500
24.4x
-22%
Consumer Cyclical
21.2x
-10%
5Y Avg
33.3x
-43%
PEG Ratio
1.13x
S&P 500
1.66x
-32%
Consumer Cyclical
0.92x
+22%
5Y Avg
—
—
EV/EBITDA
13.2x
S&P 500
15.2x
-13%
Consumer Cyclical
12.2x
+9%
5Y Avg
24.5x
-46%
Price/FCF
22.7x
S&P 500
20.7x
+10%
Consumer Cyclical
15.6x
+46%
5Y Avg
48.6x
-53%
Price/Sales
6.0x
S&P 500
3.1x
+95%
Consumer Cyclical
0.7x
+763%
5Y Avg
10.9x
-45%
Dividend Yield
—
S&P 500
1.91%
—
Consumer Cyclical
2.17%
—
5Y Avg
—
—
| Metric | CPRT | S&P 500 | Consumer Cyclical | 5Y Avg CPRT |
|---|---|---|---|---|
| Forward PE | 19.1x | 18.8x | 16.3x+17% | — |
| Trailing PE | 19.0x | 24.4x-22% | 21.2x-10% | 33.3x-43% |
| PEG Ratio | 1.13x | 1.66x-32% | 0.92x+22% | — |
| EV/EBITDA | 13.2x | 15.2x-13% | 12.2x | 24.5x-46% |
| Price/FCF | 22.7x | 20.7x | 15.6x+46% | 48.6x-53% |
| Price/Sales | 6.0x | 3.1x+95% | 0.7x+763% | 10.9x-45% |
| Dividend Yield | — | 1.91% | 2.17% | — |
CPRT trades above S&P 500 benchmarks on 1 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
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 $1.3B in free cash flow at a 28.9% 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
+1.0%
Gross Margin
Gross profit as a share of revenue
45.5%
Operating Margin
Operating income divided by revenue
36.6%
Net Margin
Net income divided by revenue
33.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.61
Free Cash Flow (TTM)
Cash generation after capex
$1.3B
FCF Margin
FCF as share of revenue — the primary cash quality signal
28.9%
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
15.2%
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
16.6%
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
926M
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 June 18, 2026
High Risk
Valuation de-rating
The bear case price target of $27 suggests significant downside risk based on historical P/E ratios and forward EPS estimates.
Medium
Market competition
Copart operates in a competitive online auto auction space, which could pressure margins and market share.
Medium
Economic sensitivity
The company's performance is tied to the used car market, which is cyclical and sensitive to broader economic conditions.
Lower
Regulatory risks
Potential regulatory changes in the auto auction or salvage industry could impact operations.
High Risk
Earnings volatility
Recent earnings call transcripts and analyst targets indicate potential volatility in financial performance.
Medium
Dependence on membership
Revenue relies heavily on member participation in auctions, which could fluctuate based on user engagement.
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 June 18, 2026
Dominant market position
Copart is the leading online salvage-vehicle auction platform in North America, handling over 500,000 vehicles annually with a strong industry presence.
Strong financial health
The company maintains a cash-rich balance sheet with about $5 billion in cash, zero long-term debt, and operating margins exceeding 36%.
High free cash flow conversion
Copart efficiently converts profits into free cash flow at a high rate, supported by its asset-light model and owned yards.
Disciplined capital allocation
The company follows a disciplined capital allocation strategy, contributing to its long-term compounding model and financial stability.
Scalable online platform
Copart's 100% online auction platform is scalable and easy to use, attracting a broad member base and facilitating efficient vehicle transactions.
Asset ownership advantage
Owning most of its yards outright provides Copart with a competitive edge and raises barriers to entry for potential rivals.
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
$30.23
52W Range Position
4%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$29.46
+2.6% from the low
52-Week High
$50.11
-39.7% from the high
1 Month
-9.60%
3 Month
-8.39%
YTD
-20.0%
1 Year
-36.9%
3Y CAGR
-11.7%
5Y CAGR
-1.2%
10Y CAGR
+17.3%
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
19.1x
vs 19.3x median
-1% below peer median
Revenue Growth
+9.4%
vs +8.9% median
+5% above peer median
Net Margin
33.5%
vs 7.1% median
+372% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CPR CPRT Copart, Inc. | $28.0B | 19.1x | +9.4% | 33.5% | Buy | +53.8% |
KAR KAR OPENLANE, Inc. | $2.9B | 19.3x | +6.0% | 9.2% | Buy | +5.7% |
CVN CVNA Carvana Co. | $72.1B | 43.2x | +17.2% | 7.1% | Buy | +401.3% |
EBA EBAY eBay Inc. | $49.5B | 17.7x | +8.9% | 17.6% | Hold | +1.5% |
RMA RMAX RE/MAX Holdings, Inc. | $197M | 7.6x | -0.7% | 0.1% | Hold | +70.3% |
LQD LQDT Liquidity Services, Inc. | $1.2B | 25.2x | +10.6% | 6.3% | Buy | +16.1% |
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 $47, implying +53.8% from the current price of $30. The bear case scenario is $20 and the bull case is $41.
02What is the CPRT stock price target for 2026?
The Wall Street consensus price target for CPRT is $47 based on 19 analyst estimates. The high-end target is $48 (+58.8% from today), and the low-end target is $45 (+48.9%). The base case model target is $31.
03Is Copart, Inc. (CPRT) stock overvalued in 2026?
CPRT trades at 19.1x 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 cheap versus peers. 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) Valuation de-rating — The bear case price target of $27 suggests significant downside risk based on historical P/E ratios and forward EPS estimates. (2) Earnings volatility — Recent earnings call transcripts and analyst targets indicate potential volatility in financial performance. (3) Market competition — Copart operates in a competitive online auto auction space, which could pressure margins and market share. 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 $5.1B (+9.4% year-over-year) and EPS of $1.53 (-4.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $5.4B 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 $1.3B in free cash flow over the trailing twelve months — a free cash flow margin of 28.9%. CPRT returns capital to shareholders through and share repurchases ($0 TTM).