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Copart, Inc. (CPRT)

NEUTRAL
IndustrialsSpecialty Business ServicesUnited States

Fondamental

67

Prix

$33.17

Capitalisation boursière

$30.79B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

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.

Comment l'entreprise gagne de l'argent

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.

Chiffre d'affaires par segment

Service revenue85%

Auction and auction-related fees — storage, towing, title processing — charged mostly to insurance companies as the seller of record.

Vehicle sales15%

Cases where Copart buys the vehicle itself and resells it, keeping the sale price instead of a fee.

Avantage concurrentiel

Effets de réseau · Large

Copart'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.

Ce qui stimule la demande

Modérément cyclique

The 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.

Principaux risques

  • 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.

Concentration des clients

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.

Les arguments en faveur

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.

Les arguments contre

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 août 2026

Direct competitors

Who this company fights with for the same customers

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Bilan & Liquidités

Chiffre d'affaires

$4.64B

12 derniers mois (au 30/04/2026)

Résultat net

$1.55B

12 derniers mois (au 30/04/2026)

Flux de trésorerie libre

$1.23B

Capitaux propres totaux

$9.19B

Passif total

$883M

Ratio de liquidité général

7.61

Couverture des intérêts

-

Dette/EBITDA

0.05

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Justement valorisé

Juste valeur

$35.99

Prix actuel

$33.17

Marge de sécurité

+7.8%

Fourchette de juste valeur

$25.58 - $46.40

Méthodes d'estimation

Analyst Target:$40.30
DCF:$37.52
PE-based:$28.31
Graham Growth:$59.42
EPV:$13.77
Consensus des analystes:Acheter (13B / 7H / 1S)
Dernière surprise sur les résultats:+3.79%

Indicateurs de valorisation

Ratio P/E

20.79

ROE

16.9%

Ratio P/B

3.51

P/FCF

22.99

Marge brute

-

ROIC

14.9%

Radar de rentabilité

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.

Critères d'analyse fondamentale

Réussi (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

Échoué (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%

Indisponible (3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Interest Coverage

Score F de Piotroski

6/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.09

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

0.3%

Le nombre d'actions est stable

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Willis J. JohnsonFounder & Chairman78
Mr. A. Jayson AdairExecutive Chairman & CEO56
Ms. Leah C. StearnsSenior VP & CFO44
Ms. Jane PocockPresident54
Mr. Steve PowersInterim COO & Chief Business Development Officer-
Mr. Gavin RenfrewVP & Chief Accounting Officer49

Risque d'audit

10

Risque du conseil

9

Risque de rémunération

7

Risque droits des actionnaires

2

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for CPRT, sourced from Markets Gazette.

  • 6/15/2026POSITIVE
    Here'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.

  • 5/20/2026POSITIVE
    Here'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