Copart (CPRT) Nears Earnings, Is The Stock Cheap Or Fairly Valued?

Copart (CPRT) moved onto investor screens after the stock closed down 1.29%, lagging a broader market gain as attention built around its upcoming earnings release and refreshed analyst expectations.

Copart’s recent pullback sits against a choppy backdrop, with a 7 day share price return of 3.89% after a 30 day decline of 6.05% and year to date share price performance down 27.16%. The 1 year total shareholder return has fallen 38.54%, which hints that momentum has faded despite shorter term buying interest ahead of earnings.

Scan beyond Copart and line up other potential rebound candidates using our curated list of 35 high quality undervalued stocks.

After a sharp reset in Copart’s share price, the gap between the US$27.51 quote, analyst targets, and intrinsic estimates is wide enough to force a harder question: Where does fair value actually land in that spread?

Most Popular Narrative: 44% Undervalued

On the most followed valuation view, Copart’s fair value sits at $49.00, well above the latest $27.51 close. This difference puts a spotlight on what the market might be missing.

The market is treating Copart like a broken growth stock. I think it may be pricing a temporary slowdown as permanent decline.

Copart is no longer growing like the premium compounder investors once celebrated.

See why 49 investors see Copart as 44% undervalued.

Result: Fair Value of $49.00 (UNDERVALUED)

Still, Copart’s story can break if US growth remains stalled for longer or if buybacks at higher prices continue to dilute long term value per share.

Find out about the key risks to this Copart narrative.

Next Steps

If the debate around Copart’s fair value feels split, now is the moment to check the numbers yourself and decide where you stand. To see what the current optimism is based on, review the 3 key rewards.

Looking for more Copart sized ideas?

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• Target quality at a discount and see which companies currently screen as 35 high quality undervalued stocks.
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