Copart, Inc. (CPRT) earnings on September 10, 2026

After the market closes Q2 2026

More Copart, Inc. earnings

Prior outlook: Optimistic Outcome: Partial

Copart's stock surged early in the session, climbing as much as 18.7%. However, the gains disappeared and the stock ended the day down 2.6%.

CPRT price around the earnings

29.95

Change: -2.6%

2026-09-11, 20:00 UTC

Start of the measured window End of the measured window
29.64 31.63 33.61 35.60 30.75
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
September 10, 2026 September 11, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published

The stock shows strong trend strength and recently received an analyst upgrade from JPMorgan, with analyst targets citing significant upside. However, the stock has declined after each of its last 8 earnings reports.

Context analyzed before publication

Playbook
The stock has risen 8% over 30 days while the tech-heavy QQQ index fell, showing relative strength. JPMorgan recently upgraded to Overweight and cites a $40 price target versus the current $31, though analyst views remain divided.
Trend
Expert sentiment improved over the week

Analysts

Drivers

  • Analysts Positive

    JP Morgan upgraded to Overweight, PT $40 vs current $31.10.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.15
Analysts covering the stock
10
Average price target
41
Lowest price target
25
Highest price target
55
Upside to price target
32%
Quarterly earnings growth
-1%
Revenue growth
2.1%
Forward EPS
1.68
Trailing EPS
1.61
Analyst moves in the last 60 days
4
  • Strong buy: 4
  • Buy: 4
  • Hold: 4
  • Sell: 0
  • Strong sell: 1
Strong buy
4
Buy
4
Hold
4
Sell
0
Strong sell
1
  • September 3, 2026 · JP Morgan: Upgrades rating (Neutral → Overweight)
  • August 26, 2026 · Barclays: Maintains rating (Underweight → Underweight)
  • August 20, 2026 · Stephens & Co.: Reiterates rating (Equal-Weight → Equal-Weight)
  • July 22, 2026 · Barclays: Maintains rating (Underweight → Underweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
Messages
30
News
Sources (5)

Technicals

Drivers

  • Technical Positive

    30-day trend strength +8.23% vs QQQ -0.62%, RS +8.85%.

Evidence

Price when the context was analyzed
32.03
Average true range (ATR)
3.2%
Distance to 52-week high
-36.5%
14-day change (14d)
-2.0%
30-day change (30d)
+8.2%
30-day relative strength
+8.8%
QQQ change (30d)
-0.6%
Nearest support
31.94
Distance to nearest support
0.3%
Nearest resistance
32.2
Distance to nearest resistance
0.6%
Volume accumulation ratio (14d / 46d)
0.58
  • Mid: 31.94 (0.3% away, 0.08 ATR, 7 touches)
  • Minor: 31.59 (1.4% away, 0.42 ATR, 5 touches)
  • Mid: 31.38 (2% away, 0.62 ATR, 10 touches)
  • Mid: 32.2 (0.6% away, 0.17 ATR, 19 touches)
  • Major: 32.47 (1.4% away, 0.43 ATR, 26 touches)
  • Mid: 32.78 (2.4% away, 0.73 ATR, 11 touches)

Trends

Evidence

Average earnings surprise
+4.0%
  • May 21, 2026: actual EPS 0.43 vs estimate 0.41 (surprise +5.7%)
  • February 19, 2026: actual EPS 0.36 vs estimate 0.39 (surprise -8.1%)
  • November 20, 2025: actual EPS 0.41 vs estimate 0.39 (surprise +5.1%)
  • September 4, 2025: actual EPS 0.41 vs estimate 0.36 (surprise +13.3%)

Expected move

Drivers

  • Past earnings Negative

    All 8 most recent earnings produced negative average reactions; gap down in 5 of last 8.

Implied move
+3.2%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.3%
75th percentile move
4%
90th percentile move
8%
Up / down moves
7 / 13
Average up move
+4.6%
Average down move
-2.9%

Monitoring and close

What Copart, Inc. reported

Status
Finished
Actual EPS0.35
EPS estimate0.38
EPS surprise-8.5%

Copart's $1.9B acquisition of ACV Auctions sent ACV shares up 40%. ACV emerged as a top S&P500 gainer on Friday, with analysts reinforcing optimistic sentiment following earlier upgrades.

Sources (27)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Partial
Consolidated
-2.6%
Max favorable move (MFE)
18.7%
Max adverse move (MAE)
3.8%