Copart, Inc. (CPRT) Stock Price & How to Invest

Copart operates a leading global online marketplace for buying and selling used, wholesale, and salvage vehicles, primarily through internet auctions. Its biggest customers are insurance companies, which send Copart vehicles that have been declared total losses after accidents, floods, or other damage; Copart processes, stores, and remarkets those vehicles to a global base of dismantlers, rebuilders, used-car dealers, and individual buyers. The company runs a virtual auction platform (VB3) supported by a vast network of physical storage yards across North America and other countries. Copart makes money mainly through auction and service fees charged to both sellers and buyers, plus vehicle towing, storage, title processing, and related services. Its asset-heavy land holdings and dense yard network create high barriers to entry. Copart benefits from rising vehicle complexity (which raises total-loss frequency) and from a global buyer base. It is headquartered in Dallas, Texas.

The 2026 picture is one of slowing growth and a big strategic move. Fiscal 2026 (ended July 31, 2026) revenue was about $4.67 billion, barely above the prior year's ~$4.65 billion, and net income slipped to about $1.48 billion from ~$1.55 billion. In the fiscal fourth quarter, revenue rose about 2.4% to ~$1.15 billion, but EPS of $0.35 missed the ~$0.38 consensus, the second miss in four quarters. On October 16, 2026 Copart completed its acquisition of ACV Auctions, a digital dealer-wholesale marketplace, paying $10.50 per share in cash through a tender offer (a deal widely reported at about $1.9 billion). ACV will run as an independent Copart subsidiary under its existing leadership. Copart entered the deal with about $4.49 billion of cash and under $100 million of debt, so it could pay cash without leaning on leverage. The shares closed near $27.79 that day, giving a market value of about $25.7 billion, and fiscal first-quarter 2027 results are expected around November 19, 2026.

Copart trades at a premium growth valuation that prices in continued strong execution, leaving it sensitive to any slowdown. Its volume depends heavily on a concentrated set of large insurance clients, so contract losses or shifts in insurer behavior could hurt. Used-vehicle and scrap-metal price swings affect the value of vehicles sold and buyer demand. A shift toward safer vehicles or autonomous driving could, over the long run, reduce accident and total-loss frequency. Catastrophe-driven volume (hurricanes, floods) is lumpy and unpredictable. Competition from IAA (Insurance Auto Auctions, now part of RB Global) and rising land and labor costs add pressure. Growth has slowed sharply: fiscal 2026 revenue was nearly flat and earnings fell, and the stock dropped about 37% over the year to mid-October 2026. Integrating ACV, a business with different customers and economics, adds execution risk and uses a large share of Copart's cash. The multiple has compressed to roughly 18x trailing earnings, so the main near-term risk has shifted from valuation toward whether volume and earnings growth resume.

10 analysts publish price targets on CPRT, averaging $39.00 against a $27.87 price as of October 2026, or +39.9%. The published targets run from $25.00 to $55.00, a wide spread, and the ratings split 7 buy, 4 hold, 1 sell. Over the last six months there have been 2 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full CPRT forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Copart, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Insurance total-loss tailwind. As vehicles grow more complex with advanced electronics, sensors, and safety systems, repair costs rise and insurers declare more damaged cars total losses. The most optimistic published target, $55.00, assumes this works close to its best case.

The case against. Copart trades at a premium growth valuation that prices in continued strong execution, leaving it sensitive to any slowdown. The most pessimistic target, $25.00, is roughly what CPRT is worth if this bites instead.

Read the full bull and bear case on CPRT, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. Copart, Inc. (CPRT) has had 3 share splits in the last 10 years:

• 2:1 on April 11, 2017, so every share held became 2 shares.
• 2:1 on November 4, 2022, so every share held became 2 shares.
• 2:1 on August 22, 2023, so every share held became 2 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of CPRT the day before the 2:1 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Copart, Inc.'s investor relations page or your broker.

• Revenue (FY2026, ended July 31, 2026): ~$4.67 billion, up less than 1%
• Q4 FY2026: Revenue ~$1.15 billion (+~2.4%); EPS $0.35 vs ~$0.38 expected
• Net income (TTM): ~$1.48 billion; net margin ~32%
• Operating margin: ~32%
• P/E (trailing / forward): ~18x / ~16x
• Market cap: ~$25.7 billion at ~$27.79 per share
• Balance sheet (pre-ACV): ~$4.49 billion cash, ~$88 million debt
• Dividend: none

Copart's multiple has compressed from the 30x-plus range it long carried to about 18 times trailing and 16 times forward earnings as growth stalled in fiscal 2026. Analysts expect modest growth ahead (about $1.62 of EPS in fiscal 2027 and $1.75 in fiscal 2028) and hold an average target near $39. The fiscal first-quarter 2027 report, expected around November 19, 2026 (consensus ~$0.40 EPS on ~$1.18 billion revenue), will be the first with ACV under Copart ownership disclosed.

If you want CPRT exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to CPRT: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get CPRT exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (AKRE), which spreads the position across many companies. Or build it into a focused thematic portfolio, so CPRT sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where CPRT fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Copart (CPRT) profits from a structural total-loss tailwind as rising vehicle complexity pushes insurers to scrap more damaged cars, all routed through its hard-to-replicate yard network and global online auctions. In a portfolio it has historically behaved as a premium-multiple, net-cash quality-and-industrials holding with no dividend, sensitive to used-vehicle prices and competition from IAA (RB Global). In 2026 that premium compressed as growth stalled (fiscal 2026 revenue rose less than 1%), and the ACV purchase adds a dealer-to-dealer wholesale business whose integration is now part of the story.

Whether CPRT is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CPRT a buy or a sell?, and where the stock could go from here in the CPRT stock forecast.

For income investors, whether CPRT pays a dividend and how the payout looks is covered in does CPRT pay a dividend? And to weigh CPRT against a peer, read the full side-by-side comparisons: CPRT vs RBA and CPRT vs OPLN.