Copart stock falls 1.26 percent as earnings miss estimates

Copart Inc. (US2172041061) closed at USD 28.91 on Nasdaq on September 22, 2026, down 1.26 percent from USD 29.28. The stock remains 36.99 percent below its 52-week high of USD 45.95 and only 7.83 percent above its 52-week low of USD 26.81.

Quarterly revenue rises 2.4 percent

Copart reported USD 1.15 billion in revenue for the quarter reported on September 10, 2026, compared with analysts' expectations of USD 1.14 billion. Revenue increased 2.4 percent year over year, while earnings per share fell to USD 0.35 from USD 0.41 in the comparable period.

According to MarketBeat on September 22, 2026, Copart's quarterly EPS of USD 0.35 missed consensus by USD 0.03, although the USD 1.15 billion revenue result exceeded expectations by USD 0.01 billion. The quarter's net margin was 31.81 percent.

Analyst targets remain above price

Analyst views remain divided after the earnings release. According to MarketBeat on September 22, 2026, JPMorgan raised its rating from Neutral to Overweight and increased its target from USD 32.00 to USD 40.00 on September 3, while HSBC cut its rating from Buy to Hold and set a USD 36.00 target on September 16.

MarketBeat reported a consensus target of USD 37.22 on September 22, 2026, which stood USD 8.31 above the Nasdaq closing price. That gap contrasts with the latest quarterly EPS miss and makes earnings execution the immediate counterweight to the acquisition and growth narrative.

Stock stays near yearly low

Copart's Nasdaq market capitalization was USD 26.765 billion at the September 22, 2026 close, with 11,103,043 shares traded. The stock's year-to-date performance was down 26.16 percent, while its trailing price-to-earnings ratio was 18.65.

Copart stock closed at USD 28.91 on Nasdaq on September 22, 2026. The next estimated earnings date shown in the market data is November 19, 2026.

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