Robert W. Baird Lowered PT on Copart (CRPT), Keeps a Buy Rating

Copart, Inc. (NASDAQ:CPRT) is one of the Best Extremely Profitable Stocks to Buy Right Now. On July 17, Craig Kennison, analyst at Robert W. Baird, lowered the firm’s price target on Copart, Inc. (NASDAQ:CPRT) from $64 to $55, while keeping a Buy rating on the stock.

The company lagged the market after reporting its FQ3 2025 results on May 22. Madison Large Cap Fund in its second quarter investors letter noted that Copart, Inc. (NASDAQ:CPRT) lagged uncharacteristic disappointment in volume growth. The firm believes that this is due to some temporary factors, which include the stock coming down from its elevated valuations.

Robert W. Baird Lowered PT on Copart (CRPT), Keeps a Buy Rating

A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding.

On the other hand, Wedgewood Partners also noted the company in its second quarter investor letter, noting that they continue to hold the stock, taking confidence from its market-dominant share in the salvage resale market.

Copart, Inc. (NASDAQ:CPRT) is a global leader in online vehicle auctions and remarketing services, connecting vehicle sellers with buyers such as dismantlers, dealers, and exporters.

While we acknowledge the potential of CPRT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CPRT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.