Copart Stock Drops After Q2 Earnings: Here's Why

Copart, Inc. (NASDAQ:CPRT) shares dropped in Thursday's extended trading after the company released its second-quarter earnings report, missing estimates on the top and bottom lines.

Here's a look at the details from the quarter. 

• CPRT stock is moving.

Q2 Details

Copart reported quarterly earnings of 36 cents per share, which missed the consensus estimate of 40 cents, according to data from Benzinga Pro.

Quarterly revenue of $1.12 billion missed the Street estimate of $1.14 billion and was down from $1.16 billion in the same period last year.

The company will hold a conference call on Thursday at 5:30 p.m. ET to discuss the results.

Expert Ideas

Copart stock carries a Buy rating with an average price target of $36.27.

Recent analyst moves include:

JPMorgan: Neutral (Lowers target to $45 on Nov. 24, 2025)
Barclays: Underweight (Raises target to $33 on Nov. 21, 2025)
Baird: Outperform (Lowers target to $52 on Nov. 21, 2025)

CPRT Price Action: Copart shares were down 0.26% during regular trading and down 11.16% in after-hours trading on Thursday, last trading at $33.45.

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