Copart, Inc. (NASDAQ:CPRT) is one of the Best Long Term Stocks to Buy Under $50. Wall Street has a mixed opinion about Copart, Inc. (NASDAQ:CPRT) after it released mixed results for the fiscal fourth quarter of 2025.
The company topped EPS estimates with an EPS of $0.41, ahead by $0.05, but missed revenue estimates. Copart, Inc. (NASDAQ:CPRT) delivered $1.13 billion in revenue, which grew 5% year-over-year and fell short of the consensus by $9.93 million.
Wall Street has a mixed opinion on the stock as the share price has fallen more than 8.2% since the release on September 4. On the earnings day, Wesley Brooks from HSBC upgraded the stock from Hold to Buy and also raised the price target from $56 to $62. However, later on September 5, J.P. Morgan analyst Jash Patwa reiterated a Hold rating on Copart, Inc. (NASDAQ:CPRT) with a $50 price target. On the same day, Jeff Lick from Stephens also reiterated a Hold rating and reduced the price target from $50 to $46. Overall, the analysts’ 12-month price target of $58 represents 26.50% upside from current levels.
Copart, Inc. (NASDAQ:CPRT) operates online auctions for vehicle remarketing. It helps sellers like insurance companies and dealers sell vehicles using its internet auction technology.
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Disclosure: None. This article is originally published at Insider Monkey.