What Just Happened To Copart Stock?

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Shares of Copart (CPRT) rose 6.0% on Monday, November 2, 2026, while the S&P 500 fell 0.5%. The company released no announcements, earnings reports, or filings around the move. All four of the peers Trefis tracks for Copart advanced during the same session. So what else happened in markets that Monday, and where does Copart fit in?

What Else Happened The Day Copart Stock Rose?

Crude prices slid on November 2. News reports said investors were bracing for a big week ahead, with Apple’s results, the midterms, and Friday’s jobs data on the schedule. A separate report on Canadian markets said that retreating oil prices cooled inflation fears. Broad market indexes declined that day, and the Nasdaq Composite lost 1.1%.

The cost of fixing cars shapes Copart’s business. The company sells vehicles at auction for insurers, banks, rental and fleet companies, and dealers. On its September 10, 2026 call, management said repair costs are up more than 50% from 2019 levels. When a repair costs too much, the insurer writes the car off. The share of claims ending in a write-off is called total loss frequency. Management said this rate reached 23.3% in the calendar second quarter of 2026, the highest second quarter on record. Management said it believes total loss frequency will continue to go up.

Copart Rose With Its Peers

Copart outpaced three of its four peers that session. LKQ gained 7.4%, beating Copart, while RB Global rose 4.2%. CarMax and AutoNation posted smaller gains. The industrials sector rose too: XLI, the fund that tracks the industrials sector, gained 1.4% on a day the S&P 500 fell.

Where Does Copart Stock Stand After The Rise?

A rise this large is rare for Copart. The stock had gained this much or more on only three sessions in the prior 365 days, most recently jumping 7.4% on August 19, 2026. The latest advance followed gains of 2.0% on each of October 29 and October 30.

You would still be down if you had held Copart for a year. The stock lost 24.8% from October 30, 2025 to November 2, 2026, while the S&P 500 returned 11.8%. In the 365 days to November 2, shares reached their highest close at $43.00 on November 3, 2025. The lowest close of $26.27 came on October 14, 2026, and the stock has climbed since. Over the month to November 2, Copart returned 17.3%, against a 2.3% loss for the S&P 500.

Copart is priced at 6.3 times its sales over the past twelve months, against 3.3 times for the S&P 500. The company is expected to report its fiscal first quarter of 2027 in November 2026. It will be Copart’s first report since it completed its purchase of ACV Auctions on October 16, 2026. Operating cost per car is the figure to watch in that report. The metric was up 12.7% from a year earlier in the fiscal fourth quarter of 2026.

Does This Mean You Should Act On CPRT?

Our purpose is to inform you with unique data so you make the right investment decisions. That said, betting on a single stock is always risky, no matter which direction you choose.

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