CPRT Stock Recent News
CPRT LATEST HEADLINES
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Copart's strong market leadership and online auction platform drive its revenue growth, supported by a 37.7% market share in the online automotive auction market. US Domestic Auto Production significantly influences Copart's sales, with a 27.66% average growth premium, making it resilient to macroeconomic downturns. The Online Salvage Auctions Market, projected to grow at a 19.6% CAGR, aligns with Copart's historical growth, enhancing its competitive edge over traditional auctioneers.
Shares of vehicle auctioneer, remarketer, and salvager Copart, Inc. (CPRT) are bringing Big Money buyers back.
The latest trading day saw Copart, Inc. (CPRT) settling at $55.64, representing a +1.04% change from its previous close.
Copart, Inc. (CPRT) concluded the recent trading session at $53.63, signifying a -0.41% move from its prior day's close.
Copart boasts strong revenue growth, a stellar balance sheet, and high profit margins, making it a wonderful company with a wide moat and solid competitive advantages. The company's innovative online vehicle auction platform, superior technology, and extensive land ownership contribute to its dominant market position and long-term growth potential. Financially robust with consistent revenue growth, high free cash flow, and minimal debt, Copart is well-positioned for continued success and global expansion.
CPRT is poised to benefit from its market leadership position, continued expansion efforts, the anticipated rise in total loss rates and Purple Wave acquisition.
CPRT's fiscal second-quarter earnings and revenues surpass the Zacks Consensus Estimate and increase year over year.
Copart (CPRT -1.48%), a leader in online vehicle auctions, announced its fiscal second-quarter 2025 results on Feb. 20, 2025. The company's revenue was $1.16 billion, up 14.0% from the prior year, surpassing the expected $1.13 billion.