Copart Inc hits 52-week low amid market conditions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: Coinmarketcap
Copart Inc's stock price fell by 3.17% during regular trading, hitting a 52-week low. This decline occurs as the Nasdaq-100 is down 0.29% and the S&P 500 remains flat, indicating a challenging market environment.
The drop in Copart's stock price is attributed to broad market weakness, as evidenced by the overall decline in the Nasdaq-100. The stock's performance reflects a sector rotation, where investors are shifting their focus away from companies like Copart amid current market pressures.
This situation raises concerns about Copart's future performance, especially as it struggles to maintain investor interest in a tough market landscape.
Analyst Views on CPRT
Wall Street analysts forecast CPRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPRT is 43.33 USD with a low forecast of 33.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 40.280
Low
33.00
Averages
43.33
High
52.00
Current: 40.280
Low
33.00
Averages
43.33
High
52.00
About CPRT
Copart, Inc. is a provider of online auctions and vehicle remarketing services. The Company provides vehicle sellers with a full range of services to process and sell vehicles over the internet through the Company’s Virtual Bidding Third Generation (VB3) internet auction-style sales technology. The Company sells principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and directly to the general public. Vehicle sellers consist primarily of insurance companies, but also include dealers, individuals, charities, rental, banks, finance companies, and fleet operators. It operates more than 200 locations in 11 countries and has more than 175,000 vehicles up for auction every day. The Company operates in United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It operates both as an agent and on a principal basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
