Barrington analyst Gary Prestopino has maintained their neutral stance on CPRT stock, giving a Hold rating today.
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Gary Prestopino has given his Hold rating due to a combination of factors, including Copart’s mixed financial performance in Q1/26. The company’s revenue and earnings per share slightly exceeded expectations, with revenue reaching $1.16 billion and EPS at $0.41, surpassing the consensus estimate of $0.40. However, the lack of U.S. inventory growth poses a challenge for future comparisons, as U.S. inventory declined by over 17% year-over-year.
Despite the increase in global and U.S. insurance average selling prices, there was a noticeable decline in the number of insurance units processed, both globally and in the U.S. This decline, coupled with a decrease in U.S. service revenue, suggests potential headwinds for the company. Additionally, while Copart’s balance sheet remains strong with $5.24 billion in cash and no long-term debt, the overall market conditions and operational challenges contribute to the Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $45.00 price target.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPRT in relation to earlier this year.