The Week

Copart (CPRT) fell 11.18% this week to $29.95, while the S&P 500 slipped just 0.8%, leaving the stock about 10.38 percentage points behind the benchmark. Tuesday opened at $33.17 and touched a high of $33.525 before sliding step by step. Thursday saw heavier volume and a close at $30.75, and Friday briefly opened near $32.01 before giving way to a low of $29.575, finishing near the week’s bottom. The weekly range came to 11.91%, with average daily volume of roughly 13.0m shares, about 25.7% above the prior median.

Key Events

The week centred on Copart’s fourth-quarter fiscal 2026 results and its agreement to buy ACV Auctions. After Thursday’s close, the company reported GAAP EPS of $0.35, missing estimates by $0.03, while revenue of $1.15bn beat by $10m, helped by international growth and higher vehicle sales. The same evening, Copart announced a $1.9bn all-cash deal at $10.50 per share for ACV Auctions, aiming to extend its vehicle remarketing footprint. After the news, Copart rose about 7.9% in extended trading, and ACV shares jumped more than 40%. An SEC filing later showed ACV would pay Copart a $57.7m termination fee if the deal breaks under certain conditions. Two SC TO-C tender-offer filings rounded out the week’s material disclosures.

Analyst Ratings

Across 12 covering brokers, 4 rate Copart a buy, 3 an overweight, 4 a hold, and 1 an underweight, with no sells. The consensus recommendation is buy, and the consensus target is $40, about 33.6% above the $29.95 spot price. Individual targets range from $25 to $55, a wide spread that points to differing views on execution and integration risk. Within its industry group of 15 covered names, Copart ranks 4th by rating.

The Week Ahead

Beyond the trading week, the New York Fed Empire State manufacturing index lands on 15 September, with a prior reading of 20.6 and a forecast of 14.75. On 16 September, a batch of retail data arrives, including retail sales ex-autos at a prior -0.3 and forecast 0.6, and headline retail sales at a prior -0.6 and forecast 0.9. Import prices, the NAHB housing index, and weekly EIA crude inventories are also due. For Copart, the ACV deal’s next steps and the shareholder investigations remain the company-specific items to watch, while the macro prints will frame risk appetite across the market.

In Short

The week mixed a major acquisition and a modest revenue beat with a weaker earnings line, and the stock still lost 11.18% while the S&P 500 pulled back only slightly. Valuation sits around 17.85x P/E and 3.16x P/B. The sell-side consensus stays at buy with a target roughly 33.6% above spot, but the $30 gap between the lowest and highest targets signals wide disagreement. The latest session’s flows show small and medium money tilting toward net selling. The open question is whether ACV integration delivers, and whether next week’s retail and manufacturing data add more pressure to the multiple.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.