A Business at a Glance
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COPART INC
CPRT
$27.3B
Mkt Cap
$27.94
+2.72%
COPART INC (CPRT) has a current P/E ratio of 17.6, compared to its historical median P/E of 31.4. The stock is currently considered Cheap based on its historical valuation range.
COPART INC (CPRT) has a 5-year average return on invested capital (ROIC) of 29.2%. This indicates strong capital allocation and a potential competitive advantage.
COPART INC (CPRT) has a market capitalization of $25.9B. It is classified as a large-cap stock.
COPART INC (CPRT) does not currently pay a regular dividend.
Based on historical P/E analysis, COPART INC (CPRT) appears cheap. The current P/E of 17.6 is 44% below its historical median of 31.4. The estimated fair value CAGR (P/E method) is 16.6%.
COPART INC (CPRT) operates in the Retail-Auto Dealers & Gasoline Stations industry, within the Consumer Cyclical sector.
COPART INC (CPRT) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Copart is a leading global provider of online vehicle auctions and remarketing services operating across the United States, United Kingdom, Germany, Brazil, Canada, United Arab Emirates, Spain, Finland, Oman, Republic of Ireland, and Bahrain. The company generates revenue primarily through auction and auction-related transaction fees charged to vehicle sellers—predominantly insurance companies (81% of fiscal 2025 volume)—who consign damaged, total-loss, and recovered stolen vehicles for sale to a global buyer base of dismantlers, rebuilders, dealers, exporters, and the general public. In certain markets including the U.K., Germany, and Spain, Copart also operates on a principal basis, purchasing vehicles outright and reselling them for its own account. The company's Virtual Bidding Third Generation (VB3) internet auction platform employs a two-step bidding process that expands the buyer pool beyond geographic constraints, eliminating the capital and operational expense of physical auctions while enabling 69.8% of U.S. vehicles sold in fiscal 2025 to reach out-of-state or international buyers. Revenue is derived from vehicle purchasing fees, listing fees, selling fees (percentage-based or tiered), transportation, title processing, storage, bidding fees, and loading fees, with operating costs concentrated in labor, transportation, facilities, and vehicle handling. The company's competitive moat rests on its virtual platform technology, global buyer liquidity, comprehensive seller services, established facility network, and disaster response capabilities that enable rapid processing of catastrophe-damaged vehicles.
【Liquidity and volume dynamics】 Management expects continued benefits from the natural flywheel effect of earning more salvage vehicles as cohorts hit their peak total loss frequency, with liquidity anticipated to increase from these sources in 2027 and beyond. The company is pursuing disciplined capital deployment in land acquisition and facility development to maintain long-term positioning, with dedicated catastrophic facilities held in readiness across hundreds of acres to support disaster response operations. Management acknowledges industry-wide pricing uncertainty and competitive responses as market dynamics evolve, while emphasizing that fundamental auction liquidity remains the primary lever for achieving strong commercial outcomes for sellers. The company continues to invest in technology initiatives, including its total loss decision tool deployed to insurance carriers, and maintains focus on creating value through operational efficiency and seller service enhancements.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.6B | - | - | - | - | - |
| Net Income | 1.6B | 1.6B | 1.4B | 1.2B | 1.1B | 936M |
| EPS | $1.63 | $1.59 | $1.40 | $0.64 | $1.14 | $0.99 |
| Free Cash Flow | 1.3B | 1.2B | 962M | 848M | 839M | 528M |
| ROIC | 25.4% | 22.3% | 22.6% | 28.6% | 36.5% | 35.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.7B | 1.7B | 1.6B | 1.5B | 1.4B | 1.1B |
| Operating Margin | 36.6% | - | - | - | - | - |
| ROE | 17.7% | 18.6% | 20.2% | 23.3% | 26.7% | 31.1% |
| Shares Outstanding | 926M | 976M | 974M | 1,934M | 952M | 948M |
COPART INC passes 7 of 9 quality checks, indicating strong fundamentals.
COPART INC trades at 17.6x trailing earnings, compared to its 15-year median P/E of 31.4x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 22.2x vs a median of 51.7x. The company's 5-year average ROIC is 29.2%. At current prices, the estimated annualized return to fair value is +26.1%.
COPART INC (CPRT) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
COPART INC (CPRT) reported earnings per share (EPS) of $1.59 in its most recent fiscal year.
COPART INC (CPRT) has a return on equity (ROE) of 18.6%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 17 years of financial data for COPART INC (CPRT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COPART INC (CPRT) has a book value per share of $9.41, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued benefits from the natural flywheel effect of earning more salvage vehicles as cohorts hit their peak total loss frequency, with liquidity anticipated to increase from these sources in 2027 and beyond. The company is pursuing disciplined capital deployment in land acquisition and facility development to maintain long-term positioning, with dedicated catastrophic facilities held in readiness across hundreds of acres to support disaster response operations. Management acknowledges industry-wide pricing uncertainty and competitive responses as market dynamics evolve, while emphasizing that fundamental auction liquidity remains the primary lever for achieving strong commercial outcomes for sellers. The company continues to invest in technology initiatives, including its total loss decision tool deployed to insurance carriers, and maintains focus on creating value through operational efficiency and seller service enhancements.