09:30 AM EDT, 05/26/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We maintain a 12-month target of $50, based on a FY 27 (Jul.) P/E of 28.6x, a justified discount to CPRT's five-year average forward P/E of 32.4x. We lower our adjusted EPS estimates to $1.60 from $1.65 for FY 26 and to $1.75 from $1.80 for FY 27. Following a much better-than-expected earnings release from CPRT, we are lowering our estimates but maintaining a Strong Buy and $50 price target. In our view, the biggest positive was CPRT's aggressive buyback activity ($1.41B of stock repurchased in the Apr-Q, a sharp increase from $218M in the prior two quarters) and the fact that both segments posted top-line growth following a quarter in which both service and vehicle sales were lower on a Y/Y basis. The share count reduction should help fuel stronger EPS going forward and set the stage for stronger bottom-line results. Importantly, CPRT's balance sheet still possesses $4.1B of net cash, and we think aggressive buybacks are likely to continue in the near-term. Meanwhile, fundamental headwinds appear to be easing.