Copart, Inc. (CPRT)

Copart's stock has experienced a significant decline, reaching an all-time high of $64.38 in November 2024 and then dropping by approximately 50% to around $32.76 as of April 2026. This decline was influenced by a 3.6% decline in total revenues reported in Q2 Fiscal Year 2026, analyst price target adjustments, and share buyback programs. Copart has experienced depressed unit growth, indicating challenges in maintaining sales volume. The stock has shown a -27.22% change over the past six months as of April 2, 2026.

Demand for Copart's services is influenced by structural industry drivers and episodic events. The salvage remarketing industry is underpinned by a structural increase in total-loss frequency. Catastrophe events such as hurricanes also drive surges in salvage supply, creating seasonal peaks. Copart's sales growth has historically shown some correlation with US Domestic Auto Production growth.

Copart, Inc. is a global leader in online vehicle remarketing and the automotive salvage industry, operating an online auction platform for various vehicles. Its business model centers on online vehicle auctions and remarketing services, serving a broad customer base including insurance companies and individual buyers. Copart's services revolve around its online auction platform, Virtual Bidding Third Generation (VB3), and include salvage estimation, transportation, and title processing.

Copart operates over 200 locations in 11 countries, including the United States, Canada, and the United Kingdom. Headquartered in Dallas, Texas, it houses more than 10,000 acres of vehicle inventory. Its online platforms connect consignors to approximately 1 million members in over 185 countries.

Copart has a generally strong brand reputation as a technology and logistics partner for vehicle remarketing. The company is considered a global leader in online vehicle remarketing and the automotive salvage industry. However, its stock performance has led to some negative sentiment among analysts and investors.

Copart has a mixed ownership structure, with institutional investors holding the largest portion at approximately 57.29%. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Significant individual owners include Willis J. Johnson, the founder and chairman, and A. Jayson Adair, the executive chairman.