Copart (CPRT) Stock Forecast & Price Target

$55.42 -1.10 (-1.95%)

(As of 11/20/2024 ET)

Copart - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
0

Hold
2

Buy
1

Based on 3 Wall Street analysts who have issued ratings for Copart in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for CPRT.

Consensus Price Target

$55.67
0.45% Upside

According to the 3 analysts' twelve-month price targets for Copart, the average price target is $55.67. The highest price target for CPRT is $60.00, while the lowest price target for CPRT is $51.00. The average price target represents a forecasted upside of 0.45% from the current price of $55.42.

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CPRT Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$55.67	$53.00	$51.00	$44.40
Forecasted Upside	0.45% Upside	1.79% Upside	-3.34% Downside	-12.75% Downside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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CPRT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CPRT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Copart Stock vs. The Competition

Type	Copart	Business Services Companies	S&P 500
Consensus Rating Score	2.33	2.69	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	0.72% Upside	357.71% Upside	10.31% Upside
News Sentiment Rating	Positive News See Recent CPRT News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target	Neutral ➝ Neutral	$55.00 ➝ $60.00	+6.04%
9/5/2024	Robert W. Baird 2 of 5 stars	Lower Target	Outperform ➝ Outperform	$58.00 ➝ $56.00	+5.56%
12/4/2023	HSBC 2 of 5 stars	Initiated Coverage	Hold	$51.00	+1.74%
9/8/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$53.00	+18.83%
5/1/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
2/22/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$37.50 ➝ $41.00	+18.77%
2/21/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	$39.00	+12.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:23 AM ET.

Should I Buy Copart Stock? CPRT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these Copart pros and cons to contact@marketbeat.com.

Copart
Bull Case

Here are some ways that investors could benefit from investing in Copart, Inc.:

Copart's stock price is currently at $49.75, which may present a buying opportunity for investors looking to enter at a lower price point.
Copart has shown consistent revenue growth, with a 7.2% increase in quarterly revenue compared to the same period last year, indicating a healthy business performance.
Institutional investors like Kinsale Capital Group Inc. have been increasing their stake in Copart, which can be a positive signal for retail investors.
Copart has a strong return on equity of 19.55%, showcasing efficient utilization of shareholder funds to generate profits.
The company's net margin of 32.17% reflects its ability to convert revenue into profit, indicating good financial health.

Copart
Bear Case

Investors should be bearish about investing in Copart, Inc. for these reasons:

Despite revenue growth, Copart's stock price has been fluctuating, which may indicate volatility and uncertainty in the market's perception of the company.
Brown Brothers Harriman & Co. significantly reduced its holdings in Copart, which could suggest a lack of confidence from certain institutional investors.
The company's PE ratio of 35.04 is relatively high, indicating that the stock may be overvalued compared to its earnings potential.
Copart's stock performance has been slightly down recently, with a 1.0% decrease, signaling potential short-term challenges or market pressures.
There is a beta of 1.27 associated with Copart, indicating that the stock's price is more volatile compared to the overall market, which may not suit risk-averse investors.

CPRT Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Copart is $55.67, with a high forecast of $60.00 and a low forecast of $51.00.
: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Copart in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CPRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPRT, but not buy additional shares or sell existing shares.
: According to analysts, Copart's stock has a predicted upside of 0.45% based on their 12-month stock forecasts.
: Copart has been rated by research analysts at JPMorgan Chase & Co., and Robert W. Baird in the past 90 days.
: Analysts like Copart less than other "business services" companies. The consensus rating for Copart is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how CPRT compares to other companies.

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This page (NASDAQ:CPRT) was last updated on 11/21/2024 by MarketBeat.com Staff

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Copart (CPRT) Stock Forecast & Price Target