Copart, Inc. (CPRT)
NEUTRALFondamental
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
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.
Avantage concurrentiel
Effets de réseau · LargeCopart'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 cycliqueThe 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
No editorial profile for this company yet
No competitor list for this company yet.
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
Juste valeur
$35.99
Prix actuel
$33.17
Marge de sécurité
+7.8%
Fourchette de juste valeur
$25.58 - $46.40
Méthodes d'estimation
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
Signaux mixtes : certains domaines nécessitent attention
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Le nombre d'actions est stable
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 |
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.
- 6/15/2026POSITIVEHere'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