JPMorgan Lowered PT on Copart (CPRT), Kept a Neutral Rating, Here's Why
Copart, Inc. (NASDAQ:CPRT) delivered revenue of $1.21 billion, reflecting a 7.49% increase year-over-year. Despite the growth, revenue missed expectations by $17.1 million. On the bright side, the EPS of $0.42 came in line with the market expectations. Management noted that while the Global Unit Sales improved 1%, the US segment sales remained flat year-over-year. JPMorgan noted the company faced challenges and missed expectations due to market softness.
A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding.
Qualivian Investment Partners also mentioned Copart, Inc. (NASDAQ:CPRT) in its Q1 2025 investor letter, noting the company to be a key player in the online auctions sector. The fund noted the online auctions sector to be a two-player oligopoly, where Copart, Inc. (NASDAQ:CPRT) is the larger and better-managed player.
Copart, Inc. (NASDAQ:CPRT) is a leading player in the online vehicle auctions and vehicle remarketing services. It provides a platform that enables vehicle sellers to sell vehicles over the internet using its proprietary Virtual Bidding Third Generation (VB3) auction technology.
While we acknowledge the potential of CPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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