JP Morgan Upgrades Copart (CPRT) to Overweight from Neutral
Fintel reports that on September 3, 2026, JP Morgan upgraded their outlook for Copart (NASDAQGS:CPRT) from Neutral to Overweight.
This rating action follows a prior action by the same firm on February 23, 2026, when JP Morgan maintained its Neutral rating on the stock.
In the trading sessions surrounding the upgrade, Copart's stock closed at $32.16 on September 2, 2026, the day before the rating action. Following the upgrade, the stock closed at $33.72 on September 4, 2026, representing a pre-action to next session change of +4.85%. Looking at broader timeframes, the stock's latest close was $33.72 on September 4, 2026. This represents a one-week price change of +2.21% from a baseline close of $32.99 on August 28, 2026, and a one-month price change of +14.69% from a baseline close of $29.40 on August 4, 2026.
Separate from JP Morgan's individual rating, the broader analyst consensus target for Copart as of August 28, 2026, showed a mean target of $42.44 and a median target of $43.40, representing an implied change of +25.87% from the baseline. This consensus mean target represents a revision of -0.24% from the prior consensus target mean of $42.54 recorded on August 4, 2026. In terms of overall recommendations, as of the period ending September 1, 2026, the consensus consisted of 5 strong buy, 8 buy, 7 hold, 1 sell, and 0 strong sell recommendations, totaling 21 recommendations. This breakdown reflects 61.9% positive, 33.3% hold, and 4.8% negative recommendations, which remained unchanged from the prior recommendation period ending August 1, 2026.
Other recent analyst actions include Barclays maintaining an Underweight rating on August 26, 2026, and Stephens & Co. reiterating an Equal-Weight rating on August 20, 2026. Copart's latest earnings report was released on May 21, 2026, showing an actual EPS of 0.43 compared to an estimate of 0.4143, which is an earnings surprise of +3.79%. The company reported actual revenue of $1,237,066,000,000,000.00 against an estimate of $1,219,244,250,000,000.00. Copart's upcoming earnings date is scheduled for September 10, 2026, during the after market close session.
Copart, Inc. is a global provider of online vehicle auction and remarketing services, headquartered in Dallas, Texas. Founded in 1982, the company primarily operates in the automotive industry, offering services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters, and end users. Recent regulatory filings include a Form 8-K filed on August 18, 2026, with the earliest reported event date of August 13, 2026, and a Form 8-K/A filed on August 19, 2026, with the earliest reported event date of July 2, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 3, 2026 | JP Morgan | Neutral | Overweight | upgrade |
| August 26, 2026 | Barclays | Underweight | Underweight | maintained |
| August 20, 2026 | Stephens & Co. | Equal-Weight | Equal-Weight | reiterated |
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This story originally appeared on Fintel.