In the Sweet Spot · July 10, 2026 · Copart (CPRT) · Industrials

Copart: A Quality Compounder Trading Near Its Low as Leadership Turns Over

Copart's PAR of 14.9% sits in our sweet spot as the stock trades just 1.9% above its 52-week low amid a CEO transition.

Copart (CPRT) was Manifest Investing's In the Sweet Spot daily stock pick for July 10, 2026. At the time of the pick, Copart carried a quality percentile of 97 and a projected annual return (PAR) of 14.9% against a MIPAR of 8.7%, placing it inside the sweet spot of 13.7% to 18.7%.

Key metrics at the time of the pick

Quality percentile: 97
Projected annual return (PAR): 14.9%
MIPAR (median PAR of coverage): 8.7%
Core score (of 300): 254
Financial strength (of 100): 70
EPS stability (of 100): 87.4
Sales growth forecast: 8.3%
P/E ratio: 21.0
Price at pick: $28.33
52-week low: $27.81
52-week high: $50.11
Above 52-week low: 1.9%
Below 52-week high: 43.5%
Dividend yield: 0.0%
Projected yield: 0.0%
In the sweet spot: Yes
Triple play: No

Copart (CPRT) lands in the sweet spot today: our projected annual return (PAR) for the stock stands at 14.9%, comfortably inside the 13.7%-18.7% band that sits five to ten points above the current market median return (MIPAR) of 8.7%. We watch that band for one reason: it flags stocks priced to deliver returns well above the typical name we follow, without drifting into the most speculative territory.

What makes today interesting is the gap between that return potential and where the stock sits in its own range. CPRT closed at $28.33, just 1.9% above its 52-week low of $27.81 and 43.5% below its 52-week high of $50.11. Because PAR moves inversely to price, this pullback is a meaningful part of why the return projection looks as attractive as it does.

The quality picture remains rare air. Copart carries a quality percentile of 96.9, meaning it ranks ahead of roughly 97% of the companies we track, built on a financial strength score of 70 (out of 100, a solid balance sheet reading) and EPS stability of 87.4 (out of 100, a track record of dependable earnings growth). Add those two components to the quality percentile and you get a core score of 254 out of 300, comfortably above the 225 threshold we associate with a potential core holding candidate. Our growth forecast for the company sits at 8.3% annually.

Why now, specifically: Copart is in the middle of a leadership handoff, with Executive Chairman Jay Adair returning to the CEO seat and outlining plans to push growth, M&A, and AI initiatives, and the company separately announced Jane Pocock’s promotion to President effective August 1, 2026. The next earnings report is scheduled for September 3, 2026.

Put together, Copart today reads as a high-quality, historically dependable business trading closer to its 52-week low than its high, with a leadership transition actively in play. Whether that combination represents a durable opportunity or simply noise ahead of the next earnings report is exactly the kind of question worth studying further, alongside your own risk tolerance and time horizon.

Sources

Copart has also been the In the Sweet Spot pick on: August 13, 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.