CPRT - Copart - Stock Forecast

Industrials - Sector

Coverage Profile Performance Price Targets & Ratings Chart Insider Trading

CPRT is currently covered by 7 analysts with an average price target of $63.33. This is a potential upside of $8.4 (15.29%) from yesterday's end of day stock price of $54.93.

Copart's activity chart (see below) currently has 85 price targets and 71 ratings on display. The stock rating distribution of CPRT is 80% BUY, 15% HOLD and 5% SELL.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 84.26% with an average time for these price targets to be met of 169.78 days.

Highest price target for CPRT is $58, Lowest price target is $48, average price target is $63.33.

Most recent stock forecast was given by RYAN BRINKMAN from JPMORGAN on 20-Nov-2023. First documented stock forecast 15-Jan-2016.

Split History since 2000:

4/11/17 2 for 1

3/29/12 2 for 1

1/22/02 3 for 2

1/25/00 2 for 1

What is Copart?

Copart is a Dallas-based company that offers online vehicle auctions and remarketing services to people around the world. Founded in 1982 by Willis J. Johnson, a former auto dismantler, the company began as a traditional auction house for scrap cars in Vallejo, California. Copart expanded globally with online services for selling vehicles.

What Made Copart Famous?

Copart’s online platform enables worldwide vehicle buying and selling; it is the company’s key feature. In 1989, Copart upgraded to a third-gen online auction-style form for convenience. This innovation helped establish Copart as a leader in vehicle remarketing.

What Are the Famous Products or Services of Copart?

Online auctions for vehicles

Copart offers online auctions for vehicles, allowing buyers and sellers to bid on vehicles worldwide through their virtual bidding third-generation internet auction-style sales technology.

Vehicle remarketing services

Copart provides a range of services for processing and selling vehicles over the Internet to various customers, including insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals.

CashForCars.com

This is a website where people can sell their cars directly to Copart.

Copart Recycling

This is a service that allows the public to purchase parts from salvaged and end-of-life vehicles.

Copart 360

The company offers an online technology called Copart 360 that enables people to post pictures of their cars online.

Membership tiers

Copart offers membership tiers for those registering to buy vehicles through Copart.com.

Virtual Queue

Copart provides a service called Virtual Queue, which allows people to secure a place in line while visiting one of Copart’s locations.

Copart’s Success Performance History

Through its various products and services, Copart has established itself as a major player in the vehicle remarketing industry. The company generates revenue from its fees for its various services, including its online auctions, vehicle remarketing services, and other services like CashForCars.com and Copart Recycling. Copart prices vary depending on the type of service and the location where it is offered. In the fiscal year 2021, Copart generated approximately $3.5 billion in revenue.

Overall, Copart’s success can be attributed to its innovative online auction platform and its commitment to providing quality vehicle remarketing services to people worldwide. By offering a range of services to help people sell their cars and other vehicles online, Copart has revolutionized the way we buy and sell cars, making it easier and more convenient than ever before.