CPRT Should I Buy
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Copart Inc (CPRT) is not a strong buy for a long-term beginner investor at this time. The technical indicators are bearish, options data shows weak sentiment, and the company's financial performance has declined in the latest quarter. While there are no significant positive catalysts or recent news to drive the stock higher, the stock's valuation and potential for recovery may warrant monitoring for future opportunities.
The technical indicators for CPRT are bearish. The MACD is below 0 and contracting negatively, the RSI is neutral at 34.036, and the moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its pivot level of 33.415, with support at 32.433 and resistance at 34.396.
No significant positive catalysts or recent news are available. The stock has no recent congress trading activity or insider/hedge fund trends.
The company's financial performance has declined in Q2 2026, with revenue down -3.58% YoY, net income down -9.47% YoY, and EPS down -10.00% YoY. Analysts have lowered price targets, citing competitive pressures and missed earnings expectations. The stock's technical indicators and options data also suggest bearish sentiment.
In Q2 2026, Copart's revenue dropped to $1.12 billion (-3.58% YoY), net income fell to $350.73 million (-9.47% YoY), and EPS declined to 0.36 (-10.00% YoY). Gross margin also dropped to 43.94%, down -2.74% YoY.
Analysts have recently lowered price targets for CPRT. JPMorgan reduced its target to $34 from $45 with a Neutral rating, Barclays reduced its target to $32 from $33 with an Underweight rating, and Baird reduced its target to $48 from $52 but maintained an Outperform rating, citing the stock's potential attractiveness despite earnings shortfalls.
