Based in Dallas, Copart operates a global online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 4 million transactions annually.
It is a $25.3B consumer company. Revenue grew 0.4% over the last year, it keeps 32¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 17.1× earnings — near the lowest of its own history.
- Website
- copart.com
- Location
- Dallas, TX
- Employees
- 11 600
- Sector
- Consumer Cyclical
- Founded
- 1982
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability, health, quality and moat; Growth lags behind.
Valuation77
- P/E vs own history0th pct · 25/25
- FCF yield5.0% · 20/25
- P/S5.4x · 12/25
- EV/EBITDA13.9x · 20/25
Growth36
- Revenue CAGR7.4% · 12/25
- Net income CAGR8.0% · 12/25
- EPS CAGR ~5Y9.7% · 12/25
- Fwd implied growth-2.5% · 0/25
Profitability95
- ROIC31.5% · 25/25
- ROE15.9% · 20/25
- Net margin31.8% · 25/25
- Operating margin35.4% · 25/25
Health100
- Altman Z19.87 · 25/25
- Current ratio7.91 · 25/25
- Interest coverage81.4x · 25/25
- Net cash / debtNet cash · 25/25
Quality87
- Piotroski F6/9 · 15/25
- Beneish M-2.53 · 25/25
- FCF conversion86% · 22/25
- Margin stabilityσ 3.5% · 25/25
Moat95
- ROIC >12% years11/11 yrs · 25/25
- Median gross margin45.9% · 20/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst 21.3% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.55B net income
- 2018AcquisitionCopart also expanded into Finland in 2018 with the acquisition of Autovahinkokeskus (AVK)
- 2018ProductAdditionally, the CashForCars.com brand launched in Canada in 2018, Germany in 2019 and the United Kingdom in 2020
- 2017AcquisitionCopart has continued to acquire businesses, including National Powersport Auctions (NPA) in 2017
- FY2016FinancialProfitable every year on record11 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$1.27B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
- 2003ProductThe company grew to 100 locations across the country and became the first to launch a completely online…
- 1997MilestoneThe first main step in this process was the creation of the Copart Auction System (CAS) in 1997
- 1995AcquisitionCopart began rapid expansion in the United States with the sizable acquisition of NER Auction Group,…
- 1994AcquisitionBy the early '90s, the company had grown to four locations in northern California
- Mar 17, 1994IPOCopart had its initial public offering (IPO) at $12 per share and debuted on the NASDAQ under the…
- 1982FoundedCopart was founded in 1982 by then 34-year-old Willis J
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (44.7%)
- Strongly profitable — 31.8% net margin
- Strong cash conversion — FCF is 27.2% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 81.4× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+0.4% YoY
- Profitable — makes more than it spends$1.48B TTM
- Profit growing — earnings are higher than last year+6.6% YoY
- Generates cash — cash left after running and investing$1.27B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$25.3B market cap
- Not printing shares — share count not ballooning — you keep your slice-0.4% shares over ~5y
- Proven track record — years of profitability behind it11/11 profitable years
- Financially stable — balance sheet not near distressAltman Z 19.9 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 17.1
Peer comparisonCopart Inc vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CPRT this company | $25.3B | 17.1 | +0.4% | 31.8% | Strong |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: CPRT vs AMZN · CPRT vs TSLA · CPRT vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CPRT
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Deeper analysis of CPRT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $27.32 · market cap $25.3B.