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He clearly feels that its returning CEO is energetic and committed. The company has advantages it can leverage to capitalize on a market that's developing in its favor.
DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the fourth quarter of fiscal 2026 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, September 10, 2026. On Thursday, September 10, 2026, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking “Listen Here” at www.copart.com/investorrelations. A re.
Copart remains a global leader in vehicle remarketing, but current valuation and macro headwinds justify a 'hold' rating. US market weakness is partially offset by strong international growth, yet overall profitability is mixed amid rising costs and declining other income. CPRT's robust balance sheet, with $4.2B in cash and no debt, supports stability but does not offset fair valuation multiples.
Copart, Inc. (CPRT) closed at $32.67 in the latest trading session, marking a -1.98% move from the prior day.
Bank of Nova Scotia acquired a new stake in shares of Copart, Inc. (NASDAQ: CPRT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 181,513 shares of the business services provider's stock, valued at approximately $5,120,000. Several other hedge funds and
Copart, Inc. faces near-term headwinds from insurance affordability, IAA competition, and autonomous vehicle risks but retains a powerful network effect and global moat. CPRT's real estate ownership, international buyer network, and potential CCC acquisition reinforce its structural advantages and could mitigate insurer bargaining power. Recent CEO transition and aggressive share repurchases signal management's confidence; $1.4B in buybacks last quarter leverages a $4.7B cash position.
At its peak on July 23rd, Copart's share price drawdown reached almost 60%, exceeding in severity what was experienced during the 2008-09 global financial crisis. In the midst of the sell-off, I decided to accumulate shares more and more aggressively as the share price continued to drift lower. Copart is now the largest position in my portfolio with a 6.50% weight. My average cost basis currently stands at $29.71 per share.
Barbara Oil Co. purchased a new stake in Copart, Inc. (NASDAQ: CPRT) in the undefined quarter, according to its most recent filing with the SEC. The institutional investor purchased 54,800 shares of the business services provider's stock, valued at approximately $1,585,000. Several other hedge funds also recently added to or reduced their stakes