February 11, 2026 a 06:44 am
CPRT: Fibonacci Analysis - Copart, Inc.
Copart, Inc., known for its vehicle remarketing services through online auctions, has exhibited a significant downtrend in recent months. The company's wide array of services across multiple countries positions it well for potential growth, although current market conditions have exerted pressure on its stock price. This analysis focuses on a technical evaluation of Copart's stock, identifying key retracement levels which may offer potential support or resistance in the near future.
Fibonacci Analysis
| Data Point | Value |
|---|---|
| Trend Start Date | 2025-05-15 |
| Trend End Date | 2026-02-10 |
| High Price (Date) | $63.84 (2025-05-16) |
| Low Price (Date) | $37.77 (2026-01-02) |
| Current Price (Date) | $40.35 (2026-02-10) |
| Fibonacci Level | Price |
|---|---|
| 0.236 | $43.99 |
| 0.382 | $48.00 |
| 0.5 | $50.81 |
| 0.618 | $53.62 |
| 0.786 | $57.26 |
Currently, the stock is trading close to the 0.236 retracement level at $40.35, suggesting that there might be initial support at this level. Should the stock manage to climb above this level, the next possible resistance could be at the 0.382 level.
Conclusion
The Copart, Inc. stock (CPRT) is experiencing a significant correction from highs witnessed in mid-2025. Fibonacci retracement levels indicate potential areas of support and resistance, crucial for traders looking to take advantage of reversals or continuations in the stock's price. The $43.99 level (0.236 Fibonacci retracement) poses a critical test for the stock. Successful maintenance above could signify bullish potential, whereas failure might indicate further downside risks. Investors must weigh macroeconomic factors alongside technical insights to make informed decisions.