European Investor
03 Sep 2026, 15:03
Copart Stock Rises 2.7% as JPMorgan Upgrades Shares to Overweight
Copart (NASDAQ: CPRT) shares rose 2.7% after JPMorgan Chase upgraded the vehicle-auction company to Overweight from Neutral, while setting a $40 price target.
Based on Copart’s share price of $33.03, JPMorgan’s $40 target implies approximately 21.1% upside.
The analyst action was reinforced by Deutsche Bank, which separately set a $40 price target on Copart. The matching targets from the two firms point to a more constructive valuation view of the stock.
Copart is a major provider of online vehicle auctions and vehicle remarketing services, with a particularly strong position in the salvage-vehicle market. Its scale, digital auction platform and relationships with insurance companies give the business a significant position within the automotive remarketing industry.
The 2.7% rise in CPRT shares appears to reflect the positive analyst activity, particularly JPMorgan’s upgrade from Neutral to Overweight. With both JPMorgan and Deutsche Bank assigning $40 targets, the reports suggest potential upside of about 21% from the current price.
Copart (NASDAQ: CPRT) shares rose 2.7% after JPMorgan Chase upgraded the vehicle-auction company to Overweight from Neutral, while setting a $40 price target.
Based on Copart’s share price of $33.03, JPMorgan’s $40 target implies approximately 21.1% upside.
The analyst action was reinforced by Deutsche Bank, which separately set a $40 price target on Copart. The matching targets from the two firms point to a more constructive valuation view of the stock.
Copart is a major provider of online vehicle auctions and vehicle remarketing services, with a particularly strong position in the salvage-vehicle market. Its scale, digital auction platform and relationships with insurance companies give the business a significant position within the automotive remarketing industry.
The 2.7% rise in CPRT shares appears to reflect the positive analyst activity, particularly JPMorgan’s upgrade from Neutral to Overweight. With both JPMorgan and Deutsche Bank assigning $40 targets, the reports suggest potential upside of about 21% from the current price.
