Copart Inc., US2172041061

Copart Inc. stock falls as analysts cut targets

Published on 09/23/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Copart Inc. stock closed at USD 28.80 on September 22, 2026, down 0.38 percent. HSBC moved to Hold with a USD 36 target as insurance volumes weakened.

Fotorealistischer Blick auf riesigen Salvage-Auktionshof von Copart Inc — Copart Inc. betreibt riesigen Lagerplatz mit Tausenden Unfallfahrzeugen bei goldenem Abendlicht US2172041061, Illustration mit AI erstellt.

Copart Inc. stock (ISIN US2172041061) closed at USD 28.80 on the Nasdaq on September 22, 2026, down USD 0.11, or 0.38 percent, from the prior close. The latest analyst changes and a weaker earnings profile have put the vehicle auction operator's growth assumptions under pressure.

Analysts lower their targets

According to Stocktwits on September 17, 2026, HSBC downgraded Copart to Hold from Buy and set a USD 36 price target. The same report said Freedom Broker reduced its target to USD 36 from USD 39 while retaining a Buy rating.

The two target changes point to a narrower valuation cushion: Freedom Broker's target fell by USD 3, or 7.69 percent, from USD 39 to USD 36. HSBC cited pressure on US insurance volumes and slower selling-price growth as concerns for the business outlook.

Quarterly profit pressure matters

Copart's latest reported fiscal fourth quarter ended in 2026. A September 10, 2026 earnings headline summarized by MarketBeat described a revenue beat alongside a 17 percent decline in profit and a USD 0.03 EPS miss against estimates.

That combination explains the cautious tone better than the revenue headline alone. Copart's operating model still benefits from online auctions and vehicle remarketing, but lower insurance-related volumes and slower pricing can reduce the conversion of revenue into earnings.

ACV deal adds a second variable

According to Seeking Alpha on September 22, 2026, Copart's planned ACV Auctions transaction has a stated value of USD 1.9 billion, with the acquisition expected by the article's analysis to become EPS accretive in fiscal 2028. The deal expands Copart's exposure to digital dealer wholesale auctions, but it also adds integration and execution demands while the core insurance channel is under pressure.

For investors, the key comparison is between the USD 1.9 billion acquisition commitment and the USD 28.80 closing price on September 22, 2026. The market is weighing a longer-term growth opportunity against a near-term earnings decline and lower analyst targets.

Copart stock closes at USD 28.80

Copart Inc. stock closed at USD 28.80 on the Nasdaq on September 22, 2026, with a daily decline of 0.38 percent. The quoted close is the latest completed regular-session price in the available market data.