HSBC upgraded Copart Inc (CPRT) to Buy from Hold on September 3, 2025. The stock is currently priced at $39.49.
This upgrade underscores a more optimistic outlook on Copart's prospects, suggesting improved fundamentals or better-than-expected business performance. The company, headquartered in Dallas, Texas, specializes in online auctions and vehicle remarketing services, operating over 200 locations across 11 countries. It employs 11,600 full-time staff and has a market capitalization of $40.0 billion.
Copart's recent earnings performance indicates a solid track record, with Q1 2026 reporting an EPS of $0.41, surpassing estimates by 1.8%. The upcoming earnings report on May 20, 2026, is expected to show an EPS of $0.47 and revenue of $1.3 billion.
Analyst ratings, such as this upgrade, reflect professional opinions based on comprehensive research and financial modeling. While they can provide valuable insights, these assessments are based on assumptions that may not always materialize as anticipated. Investors should consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst views should be one of many inputs in the investment process.
The current analyst consensus for Copart stands at 5 Strong Buy, 7 Buy, and 6 Hold ratings, indicating a generally positive sentiment toward the stock.