In the Sweet Spot · August 13, 2026 · Copart (CPRT) · Industrials

Why Copart stands out today

Copart's PAR of 14.4% sits inside the sweet spot at a quality rank of 96.2, with a September 3 earnings date approaching after a stock pullback off its highs.

Copart (CPRT) was Manifest Investing's In the Sweet Spot daily stock pick for August 13, 2026. At the time of the pick, Copart carried a quality percentile of 96 and a projected annual return (PAR) of 14.4% against a MIPAR of 8.8%, placing it inside the sweet spot of 13.8% to 18.8%.

Key metrics at the time of the pick

Quality percentile

96

Projected annual return (PAR)

14.4%

MIPAR (median PAR of coverage)

8.8%

PROVE

13.6%

Core score (of 300)

253

Financial strength (of 100)

70

EPS stability (of 100)

86.6

Sales growth forecast

8.3%

P/E ratio

21.0

Price at pick

$28.99

52-week low

$26.81

52-week high

$50.11

Above 52-week low

8.1%

Below 52-week high

42.1%

Dividend yield

0.0%

Projected yield

0.0%

In the sweet spot

Yes

Triple play

No

Copart (CPRT) is one of the small number of full-coverage names currently landing inside the sweet spot, the PAR band running from MIPAR + 5 to MIPAR + 10 percentage points. With MIPAR at 8.8%, that band runs 13.8% to 18.8%, and Copart’s projected annual return of 14.4% falls squarely within it.

Quality and financial profile

Copart’s quality rank is 96.2, in the top few percent of all covered stocks, built on a combination of financial strength, EPS stability, relative sales growth, and relative profitability. The components behind that score are strong individually: financial strength of 70 (adequate to solid) and EPS predictability of 86.6, a high score reflecting a long history of consistent earnings growth. The composite core score (quality percentile plus financial strength plus EPS stability, each on a 0-100 scale) comes to 253, comfortably above the 225 threshold some investors use as a “core holding” marker.

Valuation context

Shares trade near $28.99, roughly 8% above the 52-week low of $26.81 and about 42% below the 52-week high of $50.11. The current P/E is around 21, against a growth forecast of 8.3% annually. The gap between today’s price and the high-water mark of the past year is part of what’s putting Copart’s PAR into sweet-spot territory: a lower price, other things equal, raises the projected return.

What the recent earnings trend shows

Our AI review of Copart’s last three earnings calls (through Q3 fiscal 2026) characterizes the overall trend as modestly improving. The salvage/insurance side of the business, which had been Copart’s primary growth headwind, appears to be moderating its decline quarter over quarter, while the international segment has been accelerating on both units and profitability. Management’s framing of the volume slowdown as cyclical rather than secular is gaining some qualitative support from that moderation, and the company has stepped up share buyback activity noticeably through the year. That said, the same review flags that U.S. insurance unit volumes are still negative and that a full recovery in that segment isn’t yet confirmed, so the improving trend should be read as a work in progress rather than a settled turnaround.

Why now

Copart reports its next quarterly results on September 3, 2026, just a few weeks out, which will be a useful checkpoint on whether the moderating decline in insurance volumes and the international acceleration continue. Investors researching this name should weigh the still-negative U.S. insurance trend alongside the quality profile and the improving international story to judge for themselves whether the current price and projected return are compensation enough for that uncertainty.

As always, this is a starting point for research, not a recommendation. Consider your own goals, time horizon, and risk tolerance before drawing conclusions.

Copart has also been the In the Sweet Spot pick on: July 10, 2026.

About In the Sweet Spot

Manifest Investing's daily stock pick: one high-quality company whose projected annual return (PAR) sits in the sweet spot above the market median (MIPAR). Each pick pairs Manifest Investing's quality percentile with its projected annual return (PAR); the sweet spot runs from MIPAR + 5 to MIPAR + 10 percentage points. Browse every pick in the archive.

In the Sweet Spot is educational and is not investment advice or a recommendation to buy or sell any security. Figures reflect Manifest Investing's methodology as of the pick date.