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.

Reported After market closeNASDAQIndustrials $24.65B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.38
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.13B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move -2.8% Event window
SPY move -1.7% Same window
Abnormal move -1.1% Stock minus SPY
Volume 2.2× Versus trailing sessions
Subsequent drift -5.2% Up to 20 sessions
CPRTSPY benchmark

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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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Earnings History

Estimate Beat Miss Match
CPRT EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 2 future estimate-only quarters. Q1 '24 estimate $0.33 Q1 '24 actual $0.34, match Q2 '24 estimate $0.35 Q2 '24 actual $0.33, miss Q3 '24 estimate $0.39 Q3 '24 actual $0.39, match Q4 '24 estimate $0.36 Q4 '24 actual $0.33, miss Q4 '25 estimate $0.36 Q4 '25 actual $0.41, beat Q1 '26 estimate $0.39 Q1 '26 actual $0.41, beat Q2 '26 estimate $0.39 Q2 '26 actual $0.36, miss Q3 '26 estimate $0.41 Q3 '26 actual $0.43, beat Q4 '26 estimate $0.38 Q4 '26 actual $0.35, miss Q1 '27 estimate $0.40 Q2 '27 estimate $0.37
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Analyst Consensus ?

ConsensusBuy23 ratings
Bullish1356.5%
Neutral939.1%
Bearish14.4%

Analyst 52W Price Targets

$26.59Current
$18.5Low
$38.42Average
$63High

Latest persisted target per named analyst; persisted current price 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.

FirmRatingPrior ratingActionDate
BNP Paribas Outperform OutperformMaintainSep 28, 2026
HSBC Hold BuyDowngradeSep 17, 2026
Freedom Broker Buy BuyMaintainSep 14, 2026
Barrington Research Outperform Market PerformUpgradeSep 11, 2026
Baird Outperform OutperformMaintainSep 11, 2026
Show 18 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $26.6. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
HSBCAnalyst unavailable$36$30.82 +35.4%Sep 16, 2026
BarringtonGary Prestopino$40$30.75 +50.4%Sep 11, 2026
Robert W. BairdAnalyst unavailable$38$30.75 +42.9%Sep 11, 2026
Deutsche BankAnalyst unavailable$40$32.16 +50.4%Sep 3, 2026
BarclaysAnalyst unavailable$25$33.33 -6.0%Aug 26, 2026
See 11 more

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Company context

Snapshot as of publication

Copart, 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 earnings

Industrials peers this season

Latest reports in the same sector

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-02-20T12:30:13.355938+00:00
  3. Polygon adjusted daily market bars · 2026-10-08T12:30:44.240490+00:00
  4. 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.