Copart Inc
CPRT
Retail-Auto Dealers & Gasoline Stations
Mkt Cap
$50.79BPE
36.59Debt
$427KCash
$1.09BEV
$49.7BFCF
$754.3MP/E Ratio
36.59Debt
$427KCash
$1.09BEV
$49.7BFCF
$754.3MCharts data: {"Earnings":[{"time":"2014-07-30","value":178687000},{"time":"2015-07-30","value":219783000},{"time":"2016-07-30","value":270360000},{"time":"2017-07-30","value":394227000},{"time":"2018-07-30","value":417867000},{"time":"2019-07-30","value":591693000},{"time":"2020-07-30","value":699907000},{"time":"2021-07-30","value":936495000},{"time":"2022-07-30","value":1090130000},{"time":"2023-07-30","value":1237741000}],"Sales":[{"time":"2014-07-30","value":1163489000},{"time":"2015-07-30","value":1146079000},{"time":"2016-07-30","value":1268449000},{"time":"2017-07-30","value":1447981000},{"time":"2018-07-30","value":1805695000},{"time":"2019-07-30","value":2041957000},{"time":"2020-07-30","value":2205583000},{"time":"2021-07-30","value":2692511000},{"time":"2022-07-30","value":3500921000},{"time":"2023-07-30","value":3869518000}],"Net Margins":[{"time":"2014-07-30","value":0.15357858991361328},{"time":"2015-07-30","value":0.19176950280041777},{"time":"2016-07-30","value":0.21314219176332672},{"time":"2017-07-30","value":0.2722597879392064},{"time":"2018-07-30","value":0.23141615832131118},{"time":"2019-07-30","value":0.2897676101896367},{"time":"2020-07-30","value":0.3173342377049515},{"time":"2021-07-30","value":0.3478147350187242},{"time":"2022-07-30","value":0.31138377586926413},{"time":"2023-07-30","value":0.31986955481276996}],"Assets":[{"time":"2014-07-30","value":1506804000},{"time":"2015-07-30","value":1799952000},{"time":"2016-07-30","value":1649820000},{"time":"2017-07-30","value":1982501000},{"time":"2018-07-30","value":2307698000},{"time":"2019-07-30","value":2547617000},{"time":"2020-07-30","value":3455261000},{"time":"2021-07-30","value":4562143000},{"time":"2022-07-30","value":5308864000},{"time":"2023-07-30","value":6737879000}],"Stockholders Equity":[{"time":"2014-07-30","value":1003499000},{"time":"2015-07-30","value":964464000},{"time":"2016-07-30","value":774456000},{"time":"2017-07-30","value":1098600000},{"time":"2018-07-30","value":1581099000},{"time":"2019-07-30","value":1778381000},{"time":"2020-07-30","value":2489516000},{"time":"2021-07-30","value":3529201000},{"time":"2022-07-30","value":4625599000},{"time":"2023-07-30","value":5987440000}],"ROE":[{"time":"2014-07-30","value":0.17806395422416962},{"time":"2015-07-30","value":0.22788097845020655},{"time":"2016-07-30","value":0.3490966562335368},{"time":"2017-07-30","value":0.3588448935008192},{"time":"2018-07-30","value":0.264288953443143},{"time":"2019-07-30","value":0.3327144183389274},{"time":"2020-07-30","value":0.2811417962366982},{"time":"2021-07-30","value":0.26535609618154365},{"time":"2022-07-30","value":0.23567326091172192},{"time":"2023-07-30","value":0.20672290661785336}],"ROA":[{"time":"2014-07-30","value":0.1824616871205545},{"time":"2015-07-30","value":0.19133899126198922},{"time":"2016-07-30","value":0.2463723315270757},{"time":"2017-07-30","value":0.2326853807387739},{"time":"2018-07-30","value":0.2532155420683296},{"time":"2019-07-30","value":0.2812334036081562},{"time":"2020-07-30","value":0.23619026174867833},{"time":"2021-07-30","value":0.24909916238925434},{"time":"2022-07-30","value":0.2590002305577992},{"time":"2023-07-30","value":0.23068505682574592}]}
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also comprise services to sell vehicles through CashForCars.com; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; copart 360, an online technology for posting vehicle images; membership tiers for those registering to buy vehicles through Copart.com; and virtual queue to secure a place in line while visiting one of its locations. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas.
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DCF
Discounted Cash Flow Valuation of Copart Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $754.3M | $950.2M | $1.175B | $1.425B | $1.696B | $1.978B | $2.261B | $2.532B | $2.777B | $2.981B | $3.13B | $31.3B |
| DCF | $826.3M | $888.3M | $937.1M | $969.5M | $983.4M | $977.6M | $952M | $907.8M | $847.3M | $773.6M | $7.736B | |
| Value | $16.8B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 24%
Earnings Stability 96%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 07-2015 | 07-2016 | 07-2017 | 07-2018 | 07-2019 | 07-2020 | 07-2021 | 07-2022 | 07-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 19% | 21% | 27% | 23% | 29% | 32% | 35% | 31% | 32% | 33% |
| ROA | 19% | 25% | 23% | 25% | 28% | 24% | 25% | 26% | 23% | 22% |
| ROE | 23% | 35% | 36% | 26% | 33% | 28% | 27% | 24% | 21% | 19% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +30.29%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.54%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +25.16%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -0.48%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +26.43%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -1.7%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 07-2015 | 07-2016 | 07-2017 | 07-2018 | 07-2019 | 07-2020 | 07-2021 | 07-2022 | 07-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 3.75 | 4.50 | 4.48 | 1.68 | 1.48 | 1.28 | 0.76 | 0.00 | 0.01 | 0.00 |
| Debt Equity | 0.72 | 0.92 | 0.65 | 0.25 | 0.23 | 0.16 | 0.11 | 0.00 | 0.00 | 0.00 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 0.00.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.38.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 07-2016 | 07-2018 | 07-2020 | 07-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 17% | 16% | 21% | 11% | 1.8% |
| Net Income | 24% | 24% | 21% | 14% | -1.2% |
| Stockholders Equity | 34% | 31% | 34% | 29% | 4.7% |
| FCF | 27% | 29% | 39% | 16% | 4.7% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +16.47%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +1.75%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +24.26%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -1.16%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +30.51%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +4.69%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +28.88%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +4.65%.