Copart, Inc. · CPRT · FY2025 Q2 · Calendar Q1 2025
Copart: Strong volume growth supports continued investment
The supplied analysis supports a constructive operating thesis for Copart: higher insurance volume, Title Express expansion, and Purple Wave growth can support continued expansion, but execution, currency, tariff, and macro risks remain material.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The supplied analysis highlights 8% year-over-year insurance-volume growth, Title Express processing more than 1 million vehicle titles annually, and Purple Wave gross transaction value growth. Management also emphasized ongoing investment in technology, real estate, and talent.
Guidance delta
No guidance was provided in the supplied analysis.
Key takeaways
- Insurance volume grew 8% year over year, helped by catastrophic events and higher total-loss frequency.
- Management highlighted Title Express, Purple Wave, technology, real estate, and talent as key growth and investment areas.
- The analysis describes management as confident, while flagging currency, tariffs, dealer volume, and consignment execution as watch items.
Management priorities
- Continue investment in technology, real estate, and talent.
- Scale Title Express across more insurers and jurisdictions.
- Expand Purple Wave's sales force and increase adoption of consignment arrangements.
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Try FN2 freeEarnings History
Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 8, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BNP Paribas | Outperform | Outperform | Maintain | Sep 28, 2026 |
| HSBC | Hold | Buy | Downgrade | Sep 17, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Sep 14, 2026 |
| Barrington Research | Outperform | Market Perform | Upgrade | Sep 11, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 11, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 3, 2026 |
| Barclays | Underweight | Underweight | Maintain | Aug 26, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Aug 20, 2026 |
| HSBC Securities | Buy | Hold | Upgrade | Sep 4, 2025 |
| Argus | Hold | Buy | Downgrade | Mar 14, 2025 |
| Northcoast Research | Neutral | Buy | Downgrade | May 1, 2023 |
| Guggenheim | Buy | Buy | Maintain | Feb 22, 2023 |
| Truist Securities | Buy | Buy | Maintain | May 21, 2021 |
| Jefferies | Buy | Buy | Maintain | May 22, 2020 |
| CFRA | Hold | Hold | Maintain | May 21, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 18, 2020 |
| Gabelli & Co. | Buy | Hold | Upgrade | Sep 20, 2018 |
| Susquehanna | Neutral | Neutral | Maintain | Aug 25, 2016 |
| Bank of America | Neutral | Buy | Downgrade | Mar 21, 2016 |
| B of A Securities | Neutral | Buy | Downgrade | Mar 21, 2016 |
| CL King | Neutral | Sell | Upgrade | Feb 25, 2016 |
| BB&T Capital | Buy | Hold | Upgrade | Nov 26, 2013 |
| CJS Securities | Market Outperform | Market Perform | Upgrade | Sep 26, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $26.62. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $36 | $30.82 | +35.2% | Sep 16, 2026 |
| Barrington | Gary Prestopino | $40 | $30.75 | +50.3% | Sep 11, 2026 |
| Robert W. Baird | Analyst unavailable | $38 | $30.75 | +42.7% | Sep 11, 2026 |
| Deutsche Bank | Analyst unavailable | $40 | $32.16 | +50.3% | Sep 3, 2026 |
| Barclays | Analyst unavailable | $25 | $33.33 | -6.1% | Aug 26, 2026 |
| Barclays | Analyst unavailable | $26 | $27.04 | -2.3% | Jul 21, 2026 |
| Jefferies | Analyst unavailable | $45 | $33.79 | +69.0% | May 22, 2026 |
| Robert W. Baird | Analyst unavailable | $48 | $37.65 | +80.3% | Feb 20, 2026 |
| Robert W. Baird | Analyst unavailable | $52 | $40.06 | +95.3% | Nov 21, 2025 |
| Barclays | John Babcock | $33 | $41.02 | +24.0% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $32 | $41.34 | +20.2% | Nov 11, 2025 |
| HSBC | Wesley Brooks | $62 | $48.12 | +132.9% | Sep 4, 2025 |
| Jefferies | Bret Jordan | $63 | $54.58 | +136.7% | May 17, 2024 |
| J.P. Morgan | Analyst unavailable | $33 | $15.64 | +24.0% | Jan 13, 2023 |
| Stephens | Analyst unavailable | $18.5 | $16.04 | -30.5% | Nov 18, 2022 |
| Raymond James | Savanthi Syth | $27.5 | $30.35 | +3.3% | Apr 13, 2022 |
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Start freeCompany context
Snapshot as of publicationCopart, Inc. stands as a prominent global provider of online vehicle auctions and comprehensive vehicle remarketing services. The company extends its operations across numerous international markets, including the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. At its core, Copart enables the buying and selling of vehicles over the internet through its sophisticated "virtual bidding" online auction platform. Its extensive range of services supports the entire vehicle disposition process, encompassing aspects such as direct online access for sellers, expert salvage and general vehicle valuation, end-of-life vehicle handling, logistics and transportation management, and dedicated vehicle inspection facilities.…
Historical context
All CPRT earningsIndustrials peers this season
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|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-20T12:30:13.355938+00:00
- Polygon adjusted daily market bars · 2026-10-08T12:30:44.240490+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-08T12:30:44.237763+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-08. For educational purposes only; not investment advice.