Copart Analysts Downgrade Price Target Following Latest Quarterly Results

Analysts have trimmed their price target for Copart, Inc. (NASDAQ:CPRT) after its latest report. The company's shares fell 6.3% to $38.75, but the result was positive overall, with revenues of $1.2b in line with expectations and a statutory profit of $0.41 per share, modestly greater than expected. Analysts now expect revenues in 2026 to be $4.74b, approximately in line with the last 12 months, and statutory per-share earnings to be $1.65, roughly flat on the last 12 months. The consensus price target fell 6.9% to $49.67, with the weaker earnings outlook clearly leading valuation estimates.