Copart Inc

Consumer Discretionary
Retail-Auto Dealers and Gas Stations
www.copart.com

Earnings Score
Moat Score

Market Cap $59.33B
PE 43
Debt $NaN
Cash $3.70B
EV $NaN
FCF $992.85M

Earnings

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Sales & Net Margins

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Earnings	$1.39B
EBIT	$1.74B
ROE	18%
ROA	20%
FCF	$992.85M
Equity	$7.90B
Growth Stability	100%
PE	42.65
PEG	2.36
PB	7.51
P/FCF	59.76
P/S	13.6
Price/Cash	0.06
Net Margins	31%
Op. Margins	40%
Earnings CAGR	23%
Sales Growth YoY	12%
Sales Growth QoQ	7%
Sales CAGR	17%
FCF CAGR	28%
Equity CAGR	29%
Earnings Stability	0.95
Earnings Growth YoY	9%

Earnings Growth QoQ	12%
Earnings CAGR 5Y	18%
Sales CAGR 5Y	18%
FCF CAGR 5Y	33%
Equity CAGR 5Y	32%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	10%
Equity CAGR 3Y	28%
Market Cap	$59.33B
Revenue	$4.36B
Assets	$8.87B
Cash	$3.70B
Shares Outstanding	963.18M
Earnings Score	95%
Moat Score	96%
Working Capital	4.02B
Current Ratio	6.62
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	23%

Assets & ROA

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Stockholders Equity & ROE

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Copart Inc is a provider of online auctions and vehicle remarketing services targeted primarily at insurance companies, car dealerships, fleet operators, and vehicle rental companies. The majority of the vehicles sold through Copart's services are either damaged or recovered stolen vehicles. Copart principally sells to vehicle dismantlers, rebuilders, used vehicle importers and exporters and the general public. The company generates revenue from fees paid by vehicle sellers and buyers and/or purchasing and reselling vehicles on its own account. Its main markets include North America and the British Isles.

SEC Filings

Direct access to Copart Inc (CPRT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Oct 31
- 10-K Jul 31
- 10-Q Apr 30
- 10-Q Jan 31
2023
- 10-Q Oct 31
- 10-K Jul 31
- 10-Q Apr 30
- 10-Q Jan 31
2022
- 10-Q Oct 31
- 10-K Jul 31
- 10-Q Apr 30
- 10-Q Jan 31

Sector Comparison

How does Copart Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Copart Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 23%

Stability 95%

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Copart Inc Discounted Cash Flow

Fully customizable DCF calculator online for Copart Inc.

Years

Calculation mode

= $70B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$993M	$1.3B	$1.6B	$2.1B	$2.7B	$3.4B	$4.3B	$5.5B	$7.1B	$9.1B	$12B	$116B
DCF		$1.2B	$1.3B	$1.6B	$1.8B	$2.1B	$2.4B	$2.8B	$3.3B	$3.8B	$4.5B	$45B
Value	$70B

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	07/2024	TTM
Net Margins	19%	21%	27%	23%	29%	32%	35%	31%	32%	32%	31%
ROA	-	25%	23%	25%	28%	24%	25%	26%	23%	20%	20%
ROE	-	35%	36%	26%	33%	28%	27%	24%	21%	18%	18%

Good Net Margins (31.49%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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	07/2024	TTM
Debt over FCF	-	4.5	4.48	1.68	1.48	1.28	0.76	0	0.01	0	-
Debt over Equity	0.72	0.92	0.65	0.25	0.23	0.16	0.11	0	0	0	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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	07/2015	07/2016	07/2017	07/2018	07/2019	07/2020	07/2021	07/2022	07/2023	07/2024	CAGR 5Y
Revenue YoY growth	-	11%	14%	25%	13%	8%	22%	30%	11%	9%	18%
Earnings YoY growth	-	23%	46%	6%	42%	18%	34%	16%	14%	10%	18%
Equity YoY growth	-	-20%	42%	44%	12%	40%	42%	31%	29%	26%	32%
FCF YoY growth	-	-15%	0%	50%	14%	16%	66%	40%	16%	2%	33%