Copart Inc., US2172041061

Copart extends ACV offer as Baird cuts target for Copart stock

Published on 10/06/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Copart's fourth-quarter revenue rose 2.40 percent to USD 1.15 billion. Copart stock costs EUR 24.63 on October 6, 2026 versus EUR 24.71, minus 0.32 percent.

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Copart Inc. (ISIN US2172041061) was trading at EUR 24.63 at Lang & Schwarz on October 6, 2026 at 1:33 p.m. CEST, down 0.32 percent from the prior close of EUR 24.71. Copart extended its tender offer for ACV Auctions to October 7, 2026, while Robert W. Baird lowered its target from USD 42.00 to USD 38.00 and retained an Outperform rating in a note dated September 11, 2026.

ACV deadline reaches October 7

According to Business Wire, Copart extended the USD 10.50-per-share cash offer for ACV from its September 30, 2026 expiration to 5:00 p.m. Eastern Time on October 7, 2026. The company said the Hart-Scott-Rodino waiting period runs through October 13, 2026, unless regulators end it earlier.

The extension puts the transaction's regulatory timetable ahead of the closing objective. As of September 30, 2026, 81,269,394 ACV shares had been tendered, representing 47.78 percent of shares outstanding, below the more-than-50-percent minimum condition described in the release.

Revenue grows while earnings weaken

Copart reported USD 1.15 billion of revenue for the quarter ended July 31, 2026, up 2.40 percent from the prior-year quarter. Gross profit fell 5.50 percent to USD 481.40 million, while net income attributable to Copart fell 17.40 percent to USD 327.40 million.

The earnings mix was weaker than the revenue headline. Diluted earnings per share declined to USD 0.35 from USD 0.41 in the quarter ended July 31, 2025, a 14.60 percent decrease, while operating expenses rose 10.00 percent to USD 783.50 million.

Baird target remains above the stock

As MarketBeat reported on September 11, 2026, Baird cut its Copart target from USD 42.00 to USD 38.00 while maintaining Outperform. Against the primary-exchange price of USD 27.65 last at Nasdaq on October 5, 2026 at 4:00 p.m. ET, the new target lies 37.43 percent above the price.

That valuation gap contrasts with the latest operating pressure. Copart's fiscal 2026 revenue rose 0.40 percent to USD 4.67 billion, but net income declined 4.40 percent to USD 1.48 billion, and diluted earnings per share fell to USD 1.55 from USD 1.59.

Copart stock stays near its yearly low

Copart stock was trading at EUR 24.63 at Lang & Schwarz on October 6, 2026 at 1:33 p.m. CEST, versus the prior close of EUR 24.71 on October 5, 2026. The primary Nasdaq quote was last at USD 27.65 on October 5, 2026, within a 52-week range of USD 26.74 to USD 45.89 and alongside a market capitalization of USD 25.6 billion as of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Copart stock.