Copart, Inc. (CPRT)
NEUTRALFundamental
67
Kurs
$33.35
Marktkapitalisierung
$30.79B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Copart runs the auction yards and online platform where wrecked or stolen vehicles change hands. When an insurer declares a car a total loss, it typically pays Copart to take it, store it, process the paperwork and sell it online to buyers such as dismantlers, rebuilders and exporters. Copart owns the land, the logistics and the software (VB3) that runs the auction, but it is a service and infrastructure business, not a car dealer.
Wie das Geld verdient wird
Most revenue is service fees paid mainly by insurance companies for storage, towing, title handling and running the auction — Copart earns this whether the car sells for little or a lot. A smaller share comes from vehicle sales, where Copart itself buys the car, typically outside the U.S. or under certain insurer contracts, and keeps the sale proceeds rather than just a fee. Fee revenue is the more stable, higher-margin part of the business.
Umsatz nach Segment
Auction and auction-related fees — storage, towing, title processing — charged mostly to insurance companies as the seller of record.
Cases where Copart buys the vehicle itself and resells it, keeping the sale price instead of a fee.
Wettbewerbsvorteil
Netzwerkeffekte · BreitCopart's auctions are more valuable to sellers the more registered buyers compete for each car, and more valuable to buyers the more inventory is listed — a flywheel that reinforces itself. On top of that, its nationwide network of owned storage yards took decades to assemble and would be extremely costly and slow for a new entrant to replicate.
Was die Nachfrage antreibt
Mäßig zyklischThe number of total-loss vehicles is fairly steady, tied to accident rates and the rising cost of repairing increasingly complex cars, so unit volume does not swing wildly with the economy. What does move is the value Copart captures per vehicle, which follows used-car prices and scrap metal prices — both of which can be volatile.
Wichtigste Risiken
- Dependence on the insurance industry — The large majority of vehicles Copart handles are assigned by insurance companies; a change in how a major insurer manages total-loss claims, or the loss of a key relationship, would directly hit volume.
- Exposure to used-vehicle and scrap prices — What a wrecked car fetches at auction depends on used-vehicle values and scrap-metal prices, both of which move with markets Copart does not control.
- Catastrophic weather events strain capacity — Hurricanes, floods and hailstorms can flood Copart with tens of thousands of vehicles at once, straining yard space, staff and the cash needed to advance payments to sellers.
- Land and real estate constraints — Growth depends on securing suitable storage land near population centers and clearing local zoning and environmental requirements, a slow and increasingly expensive process.
Kundenkonzentration
Copart does not disclose a single dominant customer, but the insurance industry as a whole supplies the large majority of the vehicles it handles, so a shift in how insurers manage total-loss claims would affect the whole business.
Die Argumente dafür
Buyers argue that Copart's owned real estate, its scale advantage over the only comparable rival network, and its steadily growing international footprint give it durable pricing power over a service that insurance companies need regardless of the economic cycle.
Die Argumente dagegen
Sellers fear that vehicle values realized at auction are more exposed to used-car and commodity price swings than the steady-looking volume numbers suggest, and that land costs and regulatory friction will slow the yard expansion the growth story depends on.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
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Bilanz & Liquidität
Umsatz
$4.64B
Letzte 12 Monate (bis 30.4.2026)
Nettogewinn
$1.55B
Letzte 12 Monate (bis 30.4.2026)
Freier Cashflow
$1.23B
Gesamtes Eigenkapital
$9.19B
Gesamtverbindlichkeiten
$883M
Current Ratio
7.61
Zinsdeckungsgrad
-
Schulden/EBITDA
0.05
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$35.99
Aktueller Kurs
$33.35
Sicherheitsmarge
+7.3%
Innerer-Wert-Spanne
$25.58 - $46.40
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
20.79
ROE
16.9%
P/B-Verhältnis
3.51
P/FCF
22.99
Bruttomarge
-
ROIC
14.9%
Rentabilitäts-Radar
Value Creation (Economic Moat)
ROIC
14.9%
WACC
10.3%
ROIC − WACC
+4.7 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamentalanalyse-Kriterien
Bestanden (18)
- Price CAGR 17.18%
- ROIC 14.9%
- P/FCF 22.99
- Debt/Equity ratio
- Operating Margin 36.6%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 16.6%
- Revenue Growth 5Y 16.1%
- Analyst Consensus 62% Buy
- PEG Ratio 1.05
- Earnings Quality (OCF/NI) 1.09
- Share Dilution 0.3%
- Net Margin Trend 33.5% vs 32.2%
- Piotroski F-Score 6/9
Nicht bestanden (7)
- EPS shows upward trend
- EPS CAGR -0.27%
- P/B Ratio 3.51
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg 2.2%
Nicht verfügbar (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienanzahl ist stabil
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Willis J. Johnson | Founder & Chairman | 78 |
| Mr. A. Jayson Adair | Executive Chairman & CEO | 56 |
| Ms. Leah C. Stearns | Senior VP & CFO | 44 |
| Ms. Jane Pocock | President | 54 |
| Mr. Steve Powers | Interim COO & Chief Business Development Officer | - |
| Mr. Gavin Renfrew | VP & Chief Accounting Officer | 49 |
Prüfungsrisiko
10
Vorstandsrisiko
9
Vergütungsrisiko
7
Aktionärsrechterisiko
2
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for CPRT, sourced from Markets Gazette.
- 6/15/2026POSITIVEHere's How Much You Would Have Made Owning Copart Stock In The Last 15 Years
Copart Inc. stock has delivered exceptional returns over the past 15 years, significantly outperforming the broader market. While specific figures from the article are not provided, the implication of substantial gains suggests a robust growth trajectory for the company. This performance is likely driven by Copart's dominant position in the online vehicle auction industry, benefiting from increased demand for used vehicles and efficient remarketing solutions. Investors who held Copart stock during this period would have seen considerable wealth appreciation, underscoring the company's strong business model and execution.
- 5/20/2026POSITIVEHere's How Much $100 Invested In Copart 10 Years Ago Would Be Worth Today
An investment of $100 in Copart Inc. (CPRT) ten years ago would have yielded a substantial return, growing to approximately $1,690 today. This represents a remarkable 16-fold increase, significantly outperforming the broader market. The company, a leading online vehicle remarketing and salvage auction platform, has demonstrated consistent growth in its digital transformation and global expansion efforts. This performance underscores the long-term value creation potential for investors who identified Copart's strategic advantages in its niche market.
via Markets Gazette