Analyst Targets & Forecast • Benzinga

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Copart Inc. (CRPT) is the leader of the online vehicle salvage auction industry, and that position comes with high net profit margins. Rebuilders, dismantlers, insurers, and used-vehicle dealers are its top customers, but the company could face challenges if consumers continue to hold onto their cars longer. Copart also faces stiff competition from top rival IAA.

In this article, we’ll look at CPRT’s latest share price, Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in the company’s path going forward.

Current Stock Overview

Market Cap: $44 billion

Trailing P/E Ratio: 28.03

Forward P/E Ratio: 25.38

1-Year Return: -14%

2025 YTD: -21%

Copart is currently trading around $45 per share after losing 21% of its value year-to-date and 14% over the past 52 weeks. A big contributor to the stock’s losses comes from when the company fell short of analysts’ expectations for sales and EBITDA when reporting Q1 results in May. 

Q2 results, reported in September, improved with 5.2% year-over-year revenue growth and a 22.9% rise in net income, resulting in a 35.2% net profit margin, indicating that Copart can produce high profits and sustainable growth for shareholders.

Although Copart is an industry leader and has a top-tier digital marketplace, it faces strong competition from leading rival IAA. The two companies hold the lion’s share of the salvage and insurance vehicle market, and any loss of share could pressure its growth rates in the future since Copart and IAA serve much of the same customer base. 

Copart also faces the risk of consumers holding on to their vehicles longer. The average age of U.S. vehicles reached 12.8 years in 2025, according to analysis from S&P Global Mobility. That’s a record, and as vehicles stay on the road longer, that could add pressure to Copart’s future growth rates. Any bad news could also result in a lower valuation for the stock, since its P/E ratio is ranked higher than more than 70% of companies in the business services industry. 

CPRT has a consensus Hold rating from 8 analysts, according to Benzinga. The average price target is $61.86 per share, which suggests a meaningful gain from current levels. The highest price target is $82, and the lowest is $46. The three most recent ratings suggest a near-term average target of $54.33, suggesting a 20% upside.

Quick Snapshot Table of Predictions & Methodology for Forecasting

Bull & Bear Case

Copart shares are down significantly, but some bulls believe the company’s digital marketplace gives it a competitive edge.

Bull Case

• Profit margin expansion indicates the company can achieve sustainable growth
• Copart’s digital marketplace has helped make it the leader in the online vehicle salvage auction industry, which can position it for more growth as the industry expands
• Revenue has been growing steadily

Bear Case

• If competitors like IAA grow faster than Copart, it can limit future revenue growth rates
• The average age of a U.S. car reached a record 12.8 years, which may keep some potential buyers away
• Copart’s stock has a high P/E ratio compared to that of competitors

Stock Price Prediction for 2025

CoinCodex projects a moderate upside for Copart stock for the rest of the year. The company’s digital vehicle salvage auctioning site can draw consumers who want to save money on vehicles instead of buying a new car. This extra attention can lead to higher revenue growth rates that can support the forecast.

Stock Price Prediction for 2026

CoinCodex projects Copart stock will lose value in 2026, even at the highest price target. Drivers may be more wary of giving up their current cars, and the average age of U.S. vehicles will continue to increase. If competitors like IAA grow at a faster rate than Copart, it can limit Copart’s future growth opportunities since they’re trying to attract the same group of customers.

Stock Price Prediction for 2030

CoinCodex is very bearish on CPRT stock going into 2030, with the lowest price target suggesting that shares will fall by almost half. The durability of old cars and the reluctance of drivers looking to invest in another vehicle could lead to the stock’s decline.

Investment Considerations

Copart is an industry leader that exhibits high profit margins, but it may face challenges if drivers hold onto their cars longer and new cars continue to be safer and more durable. It’s richly valued compared to most of its competition, but Copart has respectable revenue growth. 

The stock may cater to growth investors who view Copart as the next Carvana (CVNA). There are some similarities, such as selling cars via an online marketplace, but Copart needs much higher revenue growth rates to deserve a stronger comparison.

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