Copart Inc. ($CPRT) Stock Forecast: Down 5.2% Today

What is Copart Inc.?

CPRT is a company offering online auction and vehicle remarketing services. The market sentiment towards CPRT has been positive lately.

Why is Copart Inc. going down?

CPRT stock is down 5.2% on Feb 21, 2025 16:10

• CPRT saw a significant bearish movement today, even after surpassing Q2 earnings and revenue expectations.
• Investors might have engaged in profit-taking following a positive performance period, contributing to the market's negative reaction.
• Concerns about future growth prospects, despite current strong financial results, may be impacting investor sentiment.
• External factors, like broader market conditions or industry-specific developments, could have influenced the bearish movement despite the favorable earnings report.

CPRT Price Chart

CPRT Technical Analysis

CPRT News

Copart, Inc. ( CPRT ) Tops Q2 Earnings and Revenue Estimates

Copart (CPRT) delivered earnings and revenue surprises of 5.26% and 1.95%, respectively, for the quarter ended January 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2419071/copart-inc-cprt-tops-q2-earnings-and-revenue-estimates

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Copart Inc. Price History

22.10.2024 - CPRT Stock was up 9.3%

• CPRT had a strong bullish movement today after matching Q1 earnings estimates.
• The market reacted positively to the company delivering earnings and revenue in line with expectations, indicating stability and potential growth.
• Investors may be optimistic about CPRT's future performance based on the recent results, leading to increased buying activity and driving the stock price higher.
• The market movement suggests that investors have confidence in CPRT's ability to navigate current challenges and capitalize on future opportunities in the vehicle remarketing industry.

05.08.2024 - CPRT Stock was down 9.0%

• CPRT shares saw a significant decline following the company's Q4 results, which fell short of expectations.
• Earnings of 33 cents per share in the quarter failed to meet analyst predictions, prompting a negative investor reaction.
• The company's Q4 earnings were -10.81% below estimates, while revenue surprises were 0.39%, contributing to the downward trend in CPRT stock.
• Concerns about Copart's future performance arising from disappointing financial results have driven the bearish market sentiment.

18.08.2023 - CPRT Stock was up 2.3%

• Short percent of float for CPRT has risen significantly, indicating increased interest from traders.
• CPRT's Q4 earnings and revenues surpassed estimates, reflecting positive financial performance.
• Positive market sentiment towards CPRT is further supported by the company's higher earnings and revenues in Q4.
• The overall market movement for CPRT could also be influenced by the positive results of other companies like Adobe Inc., which reported better-than-expected earnings.

02.10.2023 - CPRT Stock was up 5.2%

• Copart has outperformed the market over the past 15 years, indicating a strong track record.
• StockNews.com upgraded Copart from a hold rating to a buy rating, suggesting positive sentiment towards the stock.
• The dip in Copart's stock price today could be attributed to broader market trends rather than company-specific news.
• Overall, Copart's strong performance and positive analyst sentiment contribute to the bullish movement observed today.

15.08.2023 - CPRT Stock was down 0.7%

• Despite delivering better-than-expected earnings and revenue for the quarter, CPRT experienced a strong bearish movement.
• The in-line sales forecast for the fourth quarter by Adobe Inc., which also reported earnings, might have impacted investor sentiment and indirectly affected CPRT.
• The overall decline in investor sentiment following inflation data could have contributed to the bearish movement of CPRT.
• It's possible that despite the positive financial results, investors were looking for even stronger performance from CPRT, leading to the bearish market movement.

13.09.2023 - CPRT Stock was down 5.7%

• The exercise of stock options by Board Member Stephen Fisher worth $7.43 million may have contributed to the bearish movement. This could indicate a lack of confidence in the company's future prospects.
• The selling of 160,000 shares by Director Stephen Fisher further adds to the negative sentiment surrounding CPRT.
• The article comparing Copart to its industry peers suggests that investors may be reevaluating their positions in the company, leading to the bearish market movement.
• Despite exceeding market returns in the prior trading session, CPRT's stock price closed lower today, indicating a shift in investor sentiment.

18.04.2023 - CPRT Stock was up 5.4%

• Today, CPRT had a strong bullish movement, and this could be attributed to the following reasons:
• The company reported Q3 earnings that surpassed estimates, indicating strong financial performance.
• The Q3 profit increased from the same period last year, beating the Street estimates.
• CPRT's Q3 Non-GAAP EPS beat by $0.08, and revenue beat by $10M, which could have boosted investor confidence in the company's growth prospects.
• The news about Valvoline joining the elite list of stocks with 95-plus composite rating could have also contributed to the bullish sentiment in the market.

04.03.2024 - CPRT Stock was down 2.6%

• Today's significant insider sell by the Executive Chairman, JAYSON ADAIR, who cashed out over $34 million in company stock, could be a factor in the strong bearish movement in CPRT's stock. This sell-off may have raised concerns among investors about the company's future prospects.
• The increase in short interest in Copart's stock, with 13.18 million shares sold short, might have added selling pressure on the stock, contributing to the bearish movement observed.
• The news of the Executive Chairman's substantial sell-off and the rise in short interest may have overshadowed any positive sentiment from the company's operations, leading to a downward trend in CPRT's stock price.

22.07.2023 - CPRT Stock was down 49.3%

• The stock CPRT had a strong bearish movement today, closing at $88.08 with a -0.6% decrease from the prior day.
• The market movement could be attributed to various factors, including:
• Investor concerns about the overall economic outlook, leading to a decrease in demand for used and salvage vehicles.
• Negative sentiment surrounding the automotive industry due to factors such as declining car sales or disruptions in the supply chain.
• Specific news related to Copart, Inc., such as a decrease in auction volumes or a change in their business strategy, which could have influenced investor sentiment and contributed to the bearish movement.

03.01.2025 - CPRT Stock was up 1.4%

• Despite a slight decrease in stock price, the overall bullish movement of CPRT indicates strong positive momentum.
• The -0.12% change might have been a minor fluctuation within a larger upward trend for CPRT.
• Investors may have reacted positively to recent company developments, financial performance, or industry trends, driving the bullish movement.
• The market's confidence in CPRT's future prospects could have also contributed to the stock's strong performance today.

21.01.2025 - CPRT Stock was down 5.2%

• CPRT saw a significant bearish movement today, even after surpassing Q2 earnings and revenue expectations.
• Investors might have engaged in profit-taking following a positive performance period, contributing to the market's negative reaction.
• Concerns about future growth prospects, despite current strong financial results, may be impacting investor sentiment.
• External factors, like broader market conditions or industry-specific developments, could have influenced the bearish movement despite the favorable earnings report.