Copart (CPRT) Stock Forecast & Price Target

$58.22 -0.23 (-0.39%)

(As of 12/20/2024 05:16 PM ET)

Copart - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 2 Analyst Ratings

Sell
0

Hold
1

Buy
1

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

Consensus Price Target

$58.00
-0.38% Downside

According to the 2 analysts' twelve-month price targets for Copart, the average price target is $58.00. The highest price target for CPRT is $60.00, while the lowest price target for CPRT is $56.00. The average price target represents a forecasted downside of -0.38% from the current price of $58.22.

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CPRT Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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)	1 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$58.00	$55.67	$53.00	$45.50
Forecasted Upside	-0.38% Downside	-11.22% Downside	2.53% Upside	-6.78% Downside
Consensus Rating	Moderate Buy	Hold	Hold	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	2.50	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.38% Downside	169.91% Upside	14.53% Upside
News Sentiment Rating	Very Positive News See Recent CPRT News	Positive 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 3 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 Sunday at 03:59 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 Sunday, December 15, 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.:

Recent institutional interest has surged, with Oddo BHF Asset Management Sas purchasing a stake valued at approximately $1,206,000, indicating confidence in the company's future performance.
Copart, Inc. has shown strong stock performance, currently trading at $61.23, reflecting a robust market presence and investor interest.
The company has a significant market capitalization of around $59 billion, which suggests stability and the potential for growth in the business services sector.
Analysts have set price targets for Copart, with JPMorgan Chase & Co. raising their target from $55.00 to $60.00, indicating positive sentiment and expected growth.
85.78% of Copart's stock is owned by institutional investors, which often indicates a strong foundation and confidence in the company's long-term prospects.

Copart
Bear Case

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

Despite recent gains, Copart's stock has experienced fluctuations, with a recent decline of 1.4%, which may raise concerns about volatility.
The company's P/E ratio stands at 43.12, which is relatively high, suggesting that the stock may be overvalued compared to its earnings, potentially limiting future price appreciation.
Recent selling activity by institutional investors, such as the Public Employees Retirement System of Ohio reducing its stake by 2.1%, may signal a lack of confidence among some large shareholders.
Market conditions can be unpredictable, and any downturn in the economy could adversely affect Copart's business model, which relies on vehicle sales and auctions.
Analysts have mixed ratings, with some cutting price targets, which could indicate uncertainty about the company's future performance in a competitive market.

CPRT Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Copart is $58.00, with a high forecast of $60.00 and a low forecast of $56.00.
: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Copart in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CPRT shares.
: According to analysts, Copart's stock has a predicted downside of -0.38% based on their 12-month stock forecasts.
: Copart has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.
: Analysts like Copart less than other "business services" companies. The consensus rating score for Copart is 2.50 while the average consensus rating score for "business services" companies is 2.69. Learn more on how CPRT compares to other companies.

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This page (NASDAQ:CPRT) was last updated on 12/22/2024 by MarketBeat.com Staff

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Copart (CPRT) Stock Forecast & Price Target