Freedom Broker Reiterates Buy Rating on Copart, Inc.
Freedom Broker reaffirms its buy rating for Copart with a $39 price target, a 38.79% upside from the current price.
Key Points
- Freedom Broker reiterated its buy rating on Copart, Inc. (NASDAQ:CPRT) with a price target of $39.
- Freedom Broker's $39 price target implies 38.79% upside from Copart, Inc.'s ($CPRT) current $28.10 share price.
- Copart shares traded near $30.05 on Friday, with a market cap of about $27.82 billion.
- Recent insider activity includes acquisitions by CEO Jeffrey Liaw, while analysts hold a consensus buy rating.
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Freedom Broker has reiterated its buy rating on Copart, Inc. (NASDAQ:CPRT) with a price target of $39. The analyst Dmitriy Pozdnyakov reaffirmed the positive outlook on June 26, 2026. This comes as shares of Copart traded near $30.05 on Friday.
Copart, Inc. Stock Down 14.8%
Shares of Copart, Inc. traded around $30.05 on Friday. The company, which operates in the specialty business services sector, boasts a market cap of approximately $27.82 billion. Copart has a P/E ratio of 18.7 and a beta of 1.002, indicating moderate market volatility. The stock's 52-week range is between $29.41 and $50.11, with a 50-day moving average of $32.35 and a 200-day moving average of $38.01. The company maintains a strong current ratio of 7.61, suggesting robust liquidity.
$CPRT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest financial results, Copart reported revenue of about $4.64 billion, reflecting a modest growth of 2.1%. The company's net margin stands at 33.5%, with a return on equity of 17.6%. Earnings per share were reported at $1.61. Investors can look forward to the next earnings announcement on September 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 3.8%. Revenue beat estimates by 1.5%.
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Profit surprise
EBITDA beat by 9 percent. Operating income beat by 11 percent.
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Pre-earnings setup
Expectations were about average.
- Analyst signal
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Earnings quality
Gross margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
Copart reported second quarter revenue of $1.24 billion, up 0.4 percent excluding catastrophic units from the year before. U.S. insurance units fell 4.8 percent but average selling prices rose 9 percent, showing Copart's marketplace advantage. Management cited ongoing consumer underinsurance and lower claims activity, but noted total loss frequency reached 24.2 percent, supporting long-term growth. They invested over $500 million in share buybacks this fiscal year and maintained nearly $6.4 billion in liquidity with no debt.
Guidance Copart did not provide formal guidance for future quarters or fiscal year 2026. Management expects industry cycles to drive policy changes and premium growth as insurance carriers reinvest in growth following recent rate increases.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Insider Buying and Selling at Copart, Inc.
Recent insider activity at Copart includes several transactions by CEO Jeffrey Liaw. On April 15, 2026, Liaw bought 49,775 shares at an average price of $8.49 per share. On the same day, he sold 26,213 shares without a specified price. Earlier in the year, on January 15, Liaw purchased another 49,775 shares at $8.49 per share. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 26, 2026, Freedom Broker reiterated its buy rating for Copart with a price target of $39. Meanwhile, JP Morgan maintained a hold rating with a $34 target on February 23, 2026. Barclays continues to rate the stock as a sell with a target of $32, also as of February 23. The consensus among analysts is a buy, with an average target price of $41.44 based on nine opinions.
About Copart, Inc.
Copart, Inc. specializes in online auctions and vehicle remarketing services across several countries, including the United States, United Kingdom, and Germany. The company leverages virtual bidding technology to facilitate vehicle sales. Headquartered in Dallas, Texas, and led by CEO Jeffrey Liaw, Copart employs about 13,800 people. Its wide range of services includes vehicle processing and sales through various platforms.
Bottom Line
Freedom Broker's reiterated buy rating for Copart, Inc. highlights continued confidence in the company's performance. The stock's current trading price and market dynamics present an interesting scenario for investors. As always, it's crucial to remember that these ratings reflect past performance and market conditions at the time of analysis.
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