Key Stats for Copart Stock
- Price change for Copart stock in last 1 year: -37%
- $CPRT Stock Price as of Sep. 10: $31
- 52-Week High: $49
- $CPRT Stock Price Target: $41
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What Happened?
Copart (CPRT) stock jumped 6% after the company delivered a mixed earnings report and announced a major acquisition.
- Copart posted adjusted earnings of $0.35 per share for the quarter ended July 2026, missing Wall Street’s $0.38 estimate and down from $0.41 a year ago.
- That marked a 10.26% earnings miss, Copart’s second miss in the last four quarters.
- Revenue told a better story. Copart brought in $1.15 billion, edging past estimates and up from $1.14 billion a year ago.
- The company has now topped revenue estimates in two of the last four quarters.
But the real driver behind Copart stock’s move was the company’s announcement that it agreed to acquire ACV, one of the largest primarily digital auto marketplaces in the country.
ACV sells more than 800,000 vehicles a year and operates with almost no land of its own, transacting roughly $10 billion in gross merchandise value in 2025 across more than 22,000 active buyers.
Copart plans to use its own network of over 275 locations as staging areas for ACV’s vehicles while combining its global buyer base with ACV’s digital marketplace technology.
Management described the deal as an all-cash transaction funded from cash on hand, structured as a tender offer to help it close quickly.
Both boards have already approved it, and Copart expects the deal to close by the end of the calendar year, with ACV continuing to operate as an independent subsidiary under its current leadership.
Copart expects the acquisition to become accretive to earnings in its first full year.
Heading into the report, Copart shares had lost about 18.2% this year, badly trailing the S&P 500’s 11.6% gain.
Copart currently carries a Zacks Rank #3, or Hold, meaning the stock was expected to perform roughly in line with the broader market before this report.
Looking ahead, analysts currently expect $0.42 in earnings per share on $1.18 billion in revenue for the coming quarter, and $1.67 in earnings per share on $4.86 billion in revenue for the full fiscal year.
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What the Market Is Telling Us About Copart Stock
Despite missing on earnings, Copart stock’s sharp rally shows investors are far more focused on the company’s long-term growth story than one quarter’s profit shortfall.
The ACV acquisition gives Copart a much larger footprint in the digital marketplace and dealer-to-dealer space, areas where the company has been trying to expand for years.
With Copart stock down sharply for the year before this move, the market appears to view the deal as a meaningful step toward reigniting growth, enough to look past a soft earnings number.
Investors will likely watch closely over the coming quarters to see how quickly the acquisition starts contributing to results.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
