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Copart Stock Plummets Despite Earnings Beat
5 Aug
Summary
- Copart stock declined 36.7% in the past year.
- Q3 2026 earnings beat expectations, but volumes dipped.
- Analysts maintain a 'Moderate Buy' with recent bearish shifts.
Copart, Inc. (CPRT), a provider of online vehicle auctions and remarketing services, has seen its stock underperform the broader market. Over the past year, CPRT shares have fallen 36.7%, contrasting with the S&P 500's 21.8% rise. This trend continued into 2026, with the stock down nearly 26% against the S&P 500's 11% gain.
Despite reporting Q3 2026 results that exceeded revenue and adjusted EPS forecasts on May 22, the stock fell 1.8%. This reaction was attributed to concerns over weaker insurance auction volumes, including declines in global and U.S. insurance units. Analysts collectively rate CPRT a 'Moderate Buy,' based on six 'Strong Buy,' five 'Hold,' and two 'Strong Sell' ratings. This analyst consensus has become slightly more bearish in the last month, with an increase in 'Strong Sell' ratings.
