Copart rebounds, but remains well behind the S&P 500

Copart shares have underperformed the S&P 500 over the past year and in 2026 to date, despite a recent rebound and continued support from Wall Street analysts.

The shares fell 32.5 per cent over the past year and 13.9 per cent year to date, while the S&P 500 gained 18.7 per cent and 12.8 per cent respectively. Over three months, however, Copart rose 9.6 per cent, ahead of the index’s 1.8 per cent gain.

The stock remained 31.4 per cent below its reported 52-week high of US$49.16 and below its 200-day moving average. Reported pressures include slower salvage-vehicle volumes, softer insurance-auction activity and concerns over whether its valuation can be sustained.

Copart operates a global online vehicle-auction and remarketing platform, primarily selling vehicles for insurers. Its competitive position is linked to its salvage-vehicle auction platform, yard network and relationships with insurance companies.

JPMorgan upgraded Copart to “Overweight” from “Neutral” on 3 September and raised its price target from US$32 to US$40. The analyst view cited potential market-share gains and confidence in returning chief executive Jay Adair’s growth strategy.

The consensus rating from 13 analysts was “Moderate Buy”, with an average price target of US$41.40. Yahoo Finance’s source material presents those targets and ratings as analyst expectations, not guarantees.