Copart, Inc. (CPRT) is a global online vehicle auction and remarketing company that primarily serves insurance carriers, dealers, and fleet operators across 11 countries. After a stretch of underperformance, investors are asking whether the shares can recover toward the $38 level that many sell-side analysts currently use as a rough 12-month objective.
The $38 central target is an average of eight current, attributable analyst price targets rather than a single firm's forecast. Recent targets include Baird at $38 (maintained Buy, October 2026), Barclays at $25 (Sell, October 2026), HSBC at $36 (downgraded to Hold, September 2026), Jefferies at $47 (Buy), BNP Paribas at $43 (Outperform, raised from $40), JPMorgan at $40 (upgraded from Neutral), Barrington at $40 (upgraded to Buy), and Freedom Capital Markets at $36. The rounded mean is $38, with an approximate low-to-high range of $25 to $47.
The analyst consensus is best described as divided rather than uniformly bullish. Aggregators label the rating a "Moderate Buy" or "Buy," but the spread between the $25 bear case and the $47 bull case is unusually wide. Optimists see a normalized-growth story that has already been priced in after the selloff; skeptics point to decelerating EPS (earnings per share) growth and persistent insurance-related volume pressure. Notably, several firms have shifted upward in recent months—JPMorgan's upgrade and BNP Paribas's target raise stand out—while Barclays has moved the other way.
Copart shares traded around $32 in early November 2026, near the midpoint of a 52-week range of roughly $25.72 to $42.05. Reaching $38 implies about 18% upside, which qualifies as a substantial move. The path would likely require a sustained recovery in auction volumes and a stabilization of fee trends, because the stock's premium valuation leaves little room for further earnings misses.
The company's most recent quarterly report (fiscal Q1, reported September 10, 2026) showed EPS of $0.35, below the $0.38 consensus, while revenue of $1.15 billion rose 2.4% year over year and modestly exceeded expectations. That mixed print helps explain why the shares have struggled to regain their 2025 highs despite the recent analyst upgrades.
Copart retains structural advantages that underpin the bullish case. It operates a near-duopoly position in total-loss vehicle auctions alongside a wide physical footprint, and it consistently posts net margins around 32% with a clean, cash-rich balance sheet and a history of buybacks. Recent analyst price target increases and upgrades—particularly JPMorgan and Barrington moving to Buy—signal that some firms believe the de-rating has gone far enough. A firming used-vehicle market, stabilizing insurance volumes, and continued international growth could each rebuild confidence in the company's long-term earnings power.
The principal risks are real and already reflected in the share price. Insurance carriers, Copart's core sellers, have been trimming volumes, and analysts have flagged the risk of share loss to competing digital-auction platforms. Slower EPS growth—forecast in the low single digits for the current fiscal year—makes the stock's price-to-earnings (P/E) ratio, roughly 20x, harder to justify if growth disappoints. Competitive pressure on fee rates and a broad sector rotation away from premium-growth industrials could also cap upside. A further earnings miss or additional volume deterioration would likely keep the stock anchored well below $38.
From a technical standpoint, the stock has recently recovered above its 200-day moving average, which sat near $32, after spending time below its 50-day line near $29. The $25.72 52-week low marks a key support level, while the $42.05 52-week high and the area near $38–$40 represent notable resistance level zones the shares would need to reclaim. The psychological $40 area, where several analyst targets cluster, is likely to act as an intermediate hurdle on any sustained advance.
Analyst targets generally reflect a research horizon of about 12 months, though individual assumptions about volumes, fees, and valuation vary materially across the firms above. The next earnings report, scheduled for mid-November 2026, is the most immediate catalyst. Investors should watch auction volume trends, fee-rate commentary, guidance on insurance relationships, and any further analyst revisions. Broader used-car pricing data and interest-rate expectations—which influence total-loss frequency and salvage demand—also matter for the market outlook.
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The question "Can CPRT reach $38?" turns on whether Copart's operational fundamentals stabilize enough to justify a re-rating. The $38 figure is an average of eight current analyst targets, not a guarantee, and the wide $25-to-$47 spread underscores genuine disagreement about the company's near-term trajectory. Roughly 18% upside is achievable if insurance volumes firm, fee competition eases, and growth re-accelerates; it looks challenging if earnings continue to miss and digital-auction share loss persists. The upcoming earnings report and subsequent analyst revisions will be the clearest near-term signals of which scenario is prevailing.
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A.I.dvisor indicates that over the last year, CPRT has been loosely correlated with FND. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if CPRT jumps, then FND could also see price increases.
| Ticker / NAME | Correlation To CPRT | 1D Price Change % | ||
|---|---|---|---|---|
| CPRT | 100% | -0.54% | ||
| FND - CPRT | 64% Loosely correlated | -4.37% | ||
| WSM - CPRT | 63% Loosely correlated | -4.47% | ||
| RH - CPRT | 60% Loosely correlated | -4.95% | ||
| HD - CPRT | 60% Loosely correlated | -0.87% | ||
| LOW - CPRT | 58% Loosely correlated | -1.79% | ||
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| Ticker / NAME | Correlation To CPRT | 1D Price Change % |
|---|---|---|
| CPRT | 100% | -0.54% |
| Office Equipment/Supplies industry (45 stocks) | 1% Poorly correlated | -2.43% |
| Producer Manufacturing industry (346 stocks) | 0% Poorly correlated | -1.73% |