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    Copart (CPRT) Following Its Buyback Finish Is This Pullback A Bargain

    Simply Wall St·10/02/2026 22:22:15
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    Copart (CPRT) has just closed the book on a long running share repurchase plan. On 29 September 2026 the firm reported completion of a buyback program first announced in early 2003.

    For shareholders watching the tape, Copart’s recent history tells a different story to the long running buyback. The share price has slipped 15.36% over the past month and is down 27.93% year to date, while the 1 year total shareholder return has declined 39.66%. This points to fading momentum as investors reassess both growth prospects and risk around the current US$27.22 level.

    Look beyond Copart’s stalled buyback and recent share price slide by comparing it with other vehicle and service stocks that have resilient fundamentals, using the hand picked list of solid balance sheet and fundamentals (25 results) as a starting shortlist.

    Bulls see Copart’s pullback and completed buyback as a chance to own a durable auction platform at a discount, while bears see a broken growth story. Which case does the current valuation actually support?

    Most Popular Narrative: 44% Undervalued

    On the most followed view of Copart, the current $27.22 share price sits well below an assessed fair value of about $49. This frames the recent slide as a valuation reset rather than a verdict on the underlying business.

    The market is treating Copart like a broken growth stock. I think it may be pricing a temporary slowdown as permanent decline.

    Copart is no longer growing like the premium compounder investors once celebrated.

    See why 49 investors see Copart as 44% undervalued.

    According to WealthAP, the narrative leans heavily on the gap between how Copart trades and how its cash generation and network position are assessed. The fair value anchor of roughly $49 is built using a discount rate of 7.108% and implies a material discount of 44.4% to that benchmark.

    The same narrative stresses that the moat rests on a dense physical and data infrastructure, not just an auction website. This helps explain why a lower growth outlook does not automatically translate into a weak business. US operations are described as mature, while international units are framed as the main swing factor for future profit growth and for whether the current pricing proves attractive or not.

    For readers comparing Copart with other commercial services stocks, the key takeaway is simple. The most popular thesis argues that the share price has fallen faster than the underlying economics, and that the valuation now reflects modest growth expectations rather than premium assumptions.

    Result: Fair Value of $49 (UNDERVALUED)

    Still, if Copart’s US revenue base stays flat or international expansion underwhelms, the 44% undervaluation story could unravel quickly.

    Find out about the key risks to this Copart narrative.

    Next Steps

    Sentiment around Copart is split, and that is exactly when fresh eyes matter most. Review the data yourself and see whether the rewards justify the risk highlighted in the 3 key rewards.

    Looking for more investment ideas beyond Copart?

    Do not stop at Copart. Fresh ideas often come from scanning outside your usual watchlist, and a few minutes now can reshape your next move.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.