Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1356.5%
Neutral939.1%
Bearish14.4%
Copart, Inc. · CPRT · FY2025 Q4 · Calendar Q3 2025
Copart: Record FY2025, with AI and insurance trends in focus
The supplied analysis supports a constructive operating thesis based on auction liquidity, average selling price growth, fee-unit growth, digital execution, and expanding services. The evidence is not one-sided: Q4 insurance volume declined, inventory fell, and AI/LLM benefits remain early and unquantified.
Reported After market closeNASDAQIndustrials
$25.27B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.41
Consensus $0.36
EPS surprise
+13.5%
Reported versus consensus
Reported revenue
$1.13B
Consensus $1.14B
Revenue surprise
-1.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.8%
Event window
SPY move
-0.3%
Same window
Abnormal move
-2.5%
Stock minus SPY
Volume
3.1×
Versus trailing sessions
Subsequent drift
-7.1%
Up to 20 sessions
CPRTSPY benchmark
Ask FN2 about CPRT FY2025 Q4
Transcript, numbers and history already loaded
Why did CPRT fall 2.8% after beating EPS estimates in FY2025 Q4?What changed in CPRT's guidance and outlook in FY2025 Q4?Give me the bull and bear case for CPRT after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes record FY2025 performance, early deployment of AI/LLM tools, the Direct Buy channel shift, and a Q4 insurance-volume decline. Management's stated priorities continue to center on liquidity, technology, value-added services, acquisitions, and buybacks.
Guidance delta
No formal guidance was provided in the supplied analysis; management priorities remain investment in auction liquidity, technology, value-added services, and opportunistic acquisitions.
Key takeaways
- The supplied analysis characterizes FY2025 as a record year, supported by auction liquidity, average selling price growth, and fee-unit growth.
- Insurance volume grew for the full year but declined in Q4; non-insurance volume benefited from a shift toward Direct Buy.
- AI/LLM tools are early-stage initiatives aimed at decision support, customer service, auction matching, and cycle-time improvement.
- Management highlighted Title Express, Blue Car, Purple Wave, liquidity investment, and continued share buybacks.
- Weather, insurance demand, EV repair economics, heavy-equipment demand, and competition remain key risks.
Management priorities
- Invest in auction liquidity through member acquisition and lower friction.
- Expand AI/LLM capabilities across decision support, customer service, and auction matching.
- Scale Title Express and other services for insurance clients.
- Pursue complementary acquisitions and continue share buybacks.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
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Analyst 52W Price Targets
$27.29Previous close
$18.5Low
$38.42Average
$63High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 2, 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 $27.29. 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 | +31.9% | Sep 16, 2026 |
| Barrington | Gary Prestopino | $40 | $30.75 | +46.6% | Sep 11, 2026 |
| Robert W. Baird | Analyst unavailable | $38 | $30.75 | +39.2% | Sep 11, 2026 |
| Deutsche Bank | Analyst unavailable | $40 | $32.16 | +46.6% | Sep 3, 2026 |
| Barclays | Analyst unavailable | $25 | $33.33 | -8.4% | Aug 26, 2026 |
| Barclays | Analyst unavailable | $26 | $27.04 | -4.7% | Jul 21, 2026 |
| Jefferies | Analyst unavailable | $45 | $33.79 | +64.9% | May 22, 2026 |
| Robert W. Baird | Analyst unavailable | $48 | $37.65 | +75.9% | Feb 20, 2026 |
| Robert W. Baird | Analyst unavailable | $52 | $40.06 | +90.5% | Nov 21, 2025 |
| Barclays | John Babcock | $33 | $41.02 | +20.9% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $32 | $41.34 | +17.3% | Nov 11, 2025 |
| HSBC | Wesley Brooks | $62 | $48.12 | +127.2% | Sep 4, 2025 |
| Jefferies | Bret Jordan | $63 | $54.58 | +130.9% | May 17, 2024 |
| J.P. Morgan | Analyst unavailable | $33 | $15.64 | +20.9% | Jan 13, 2023 |
| Stephens | Analyst unavailable | $18.5 | $16.04 | -32.2% | Nov 18, 2022 |
| Raymond James | Savanthi Syth | $27.5 | $30.35 | +0.8% | Apr 13, 2022 |
Track every rating change on CPRT the moment it posts. Free to start.
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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| 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
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the CPRT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T07:06:17.567172+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T07:06:17.564075+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 2026-10-02. For educational purposes only; not investment advice.