Copart Inc., US2172041061

HSBC cuts Copart stock target from USD 46.00 to USD 36.00

Published on 10/07/2026 at 03:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose 0.4 percent to USD 4.67 billion. Copart stock was last at EUR 23.92 on October 5, 2026, its prior close.

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Copart Inc. stock (ISIN US2172041061) was last represented by a Lang & Schwarz prior close of EUR 23.92 on October 5, 2026. On September 17, 2026, HSBC downgraded Copart to Hold from Buy and cut its price target from USD 46.00 to USD 36.00, according to MarketScreener.

HSBC cuts target as growth slows

The target reduction followed a fiscal 2026 report that combined modest sales growth with weaker profitability. The contrast gives the analyst action a clear financial reference: Copart expanded revenue, but earnings and operating cash flow moved lower.

Revenue grew while profit fell

For the fiscal year ended July 31, 2026, Copart reported revenue of USD 4.7 billion, up 0.4 percent from fiscal 2025, while net income attributable to Copart fell 4.4 percent to USD 1.5 billion, according to Copart on September 10, 2026.

The fourth quarter showed the same tension. Revenue increased 2.4 percent to USD 1.2 billion, but net income declined 17.4 percent to USD 327.4 million and diluted earnings per share fell 14.6 percent to USD 0.35 from USD 0.41, the company said in its September 10, 2026 release.

Cash flow adds a second pressure point

Operating cash flow was USD 1.6 billion in fiscal 2026, down 10.8 percent from fiscal 2025, according to the annual filing summarized by StockTitan. Copart also agreed to acquire ACV Auctions for USD 10.50 per share, with completion expected by the end of calendar year 2026 and subject to customary conditions.

The figures leave investors weighing the resilience of Copart's auction network against the pressure on margins, earnings and cash generation. The company operates online vehicle auctions and remarketing services, with insurance sellers providing the majority of vehicles processed.

Copart stock stays near its yearly low

On the Nasdaq, Copart was last quoted at USD 26.82 on October 6, 2026 at 4:00 p.m. ET. The Nasdaq 52-week range was USD 26.64 to USD 45.89 on that date, while market capitalization stood at USD 24.8 billion.

At Lang & Schwarz, the prior close was EUR 23.92 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Copart stock.