Copart Inc (CPRT)
Industrials · Diversified Support Services · US stock · S&P 500 component
$29.09
▲ +1.50 (5.44%)
Fair valueUndervalued
$36 +24.5% to fair value
$18fair band $31–$44$54
Day's range
$27.70 – $29.28
52-week range
$25.72 – $45.76
About Copart Inc
Copart operates online vehicle auctions for salvage and used cars, trucks and other vehicles, with yards in the United States and several other countries. Insurance companies, dealers and individuals use it to dispose of vehicles that are damaged, recovered from theft or no longer wanted. It earns money from fees charged to sellers and buyers, and storage and related services, so volumes depend on insurance claims.
The company reported revenue of $4.7 billion for the last twelve months at Copart Inc. Revenue growth over the past three years averaged 6.4% a year. It kept an operating margin of 35.4%. The return on invested capital reached 18%, a measure of profit earned on the money invested in the business. The company does not pay a dividend. On the site's X-Ray Score, it rates 65 out of 100.
Price chart
52-wk range $25.72 – $45.76Volume 14,723,625Daily, split-adjusted
Vitals
Market cap$27.8B
52-week range$25.72 – $45.76
Volume (last day)14,723,625
P/E (TTM)18.9
EBIT / EV yield6.4%
Free-cash-flow yield4.6%
Dividend yieldNo dividend
Revenue (TTM)$4.7B
Net income (TTM)$1.5B
Operating margin35.4%
Return on capital18.3%
Debt incl. leasesData missing
Cash & securities$1.9B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$36middle half of models $34 – $38
Undervalued
+24.5% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $29
Undervalued < $31Fair $31 – $44Overvalued > $44
P/E multiple
$34
P/B multiple
$51
P/S multiple
$41
EV/EBITDA multiple
$35
EV/EBIT multiple
$44
EV/revenue multiple
$38
10-year DCF, EBITDA exit
$34
5-year DCF, EBITDA exit
$35
10-year DCF, revenue exit
$34
5-year DCF, revenue exit
$35
10-year DCF, growth exit
$28
5-year DCF, growth exit
$27
Earnings power value
$35
Growth the price implies
10.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
81/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.4%
Free-cash-flow yield4.6%
Fair value vs price1.2×
Growth
Weak
46/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)6.4%
EPS growth (3y)6.6%
Growth consistency90%
Profitability
Fair
59/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital18.3%
Operating margin35.4%
Financial health
Strong
72/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score6 / 9
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+7.5%
Apr '25
+5.2%
Jul '25
+0.7%
Oct '25
-3.6%
Jan '26
+2.1%
Apr '26
+2.4%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B.
Compare with peers
LDOS Leidos Holdings, Inc.67 CTAS Cintas Corp57Other Diversified Support Services companies by X-Ray Score.
SWOT analysis: Copart Inc
Strengthsinside the company
- Return on invested capital is 18.3%, against a median of 14.9% for sector peers.
- Operating margin of 35.4% is well above the 17.5% median of sector peers, a sign of pricing power or lower costs.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Trades at 18.8x earnings, 36% below the 29.3x median of sector peers.
- The price is 25% below our fair value estimate, with the gap larger than the margin we allow for error.
Threatsvaluation and setting
- Revenue growth slowed to 0.4% last year from 6.4% a year over three years.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CPRT with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.
| Metric | CPRT | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 65 | 50 | 50 |
| Valuation | 81 | 44 | 44 |
| Growth | 46 | 51 | 51 |
| Profitability | 59 | 50 | 50 |
| Financial health | 72 | 49 | 49 |
| Dividends | – | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
CPRT ranks #6 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CPRT
Each factor is rated by where CPRT stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 8 Average · 4 Bad of 20
Growth: 0 · 2 · 1
Profitability: 2 · 2 · 0
Financial strength: 2 · 1 · 0
Valuation: 3 · 1 · 1
Cash flow: 1 · 1 · 2
Efficiency: 0 · 1 · 0
| Factor | CPRT | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.4% | Average beats 58% | +5.6% | – | – |
| Revenue growth, last year | +0.4% | Bad beats 19% | +4.5% | +9.7% | ▼ Worse |
| EPS growth, 3 years a year | +6.6% | Average beats 53% | +5.7% | – | – |
| Profitability | |||||
| Operating margin | 35.4% | Good beats 94% | 17.5% | 37.1% | ≈ In line |
| Net margin | 31.8% | Good beats 98% | 12.8% | 32.0% | ≈ In line |
| Return on invested capital | 18.3% | Average beats 61% | 14.9% | – | – |
| Return on equity | 16.3% | Average beats 34% | 23.7% | 18.1% | ≈ In line |
| Financial strength | |||||
| Interest cover | 50.0x | Good beats 76% | 21.4x | – | – |
| Current ratio | 7.91 | Good beats 99% | 1.25 | 7.03 | ▲ Better |
| Piotroski F-score | 6 / 9 | Average beats 41% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 18.8x | Good beats 85% | 28.9x | 28.5x | ▲ Better |
| Price / book | 3.1x | Good beats 82% | 6.2x | 6.7x | ▲ Better |
| Price / sales | 6.0x | Bad beats 22% | 3.5x | 9.5x | ▲ Better |
| EV / EBITDA | 14.2x | Good beats 77% | 18.5x | 25.4x | ▲ Better |
| Free cash flow yield | 4.6% | Average beats 64% | 3.8% | 2.7% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 27.2% | Good beats 93% | 13.8% | 24.0% | ▲ Better |
| Cash from operations / net income | 1.08 | Bad beats 12% | 1.39 | 1.08 | ≈ In line |
| Free cash flow growth, 3 years a year | +14.3% | Average beats 46% | +14.5% | – | – |
| Accruals (lower is better) | −1.2% | Bad beats 19% | −3.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 63 days | Average beats 37% | 57 days | 63 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 6 Good · ● 7 Average · ● 1 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 69/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.9B | $4.2B | $4.6B | $4.7B |
| Operating income | $1.4B | $1.5B | $1.6B | $1.7B | $1.7B |
| Net income | $1.1B | $1.2B | $1.4B | $1.6B | $1.5B |
| Operating cash flow | $1.2B | $1.4B | $1.5B | $1.8B | $1.6B |
| Operating margin | 39.3% | 38.4% | 37.1% | 36.5% | 35.4% |
| Free cash flow | $839M | $848M | $962M | $1.2B | $1.3B |
| Diluted EPS | $1.13 | $1.28 | $1.40 | $1.59 | $1.55 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 1 neutral · 9 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 27.41 | Bullish |
| EMA 10 | 27.73 | Bullish |
| SMA 20 | 27.32 | Bullish |
| EMA 20 | 27.88 | Bullish |
| SMA 50 | 29.90 | Bearish |
| EMA 50 | 28.89 | Bullish |
| SMA 100 | 29.62 | Bearish |
| EMA 100 | 30.11 | Bearish |
| SMA 200 | 32.67 | Bearish |
| EMA 200 | 33.02 | Bearish |
Oscillators (daily)
| RSI (14) | 56.91 | Neutral |
| MACD (12, 26) | -0.41 | Bearish |
| Momentum (12) | 8.46 | Bullish |
| Stochastic %K (14) | 94.80 | Bearish |
| Williams %R (14) | -5.20 | Bearish |
| CCI (20) | 245.5 | Bearish |
Pivot points (classic, last session)
S3 26.53 | S2 27.11 | S1 28.10 | Pivot 28.69 | R1 29.68 | R2 30.26 | R3 31.25 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold CPRT
| ETF | Share of the fund |
|---|---|
| AKRE Akre Focus | 3.88% |
| MOAT VanEck Morningstar Wide Moat | 2.01% |
| FTCS First Trust Capital Strength | 1.70% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.10% |
| FDN First Trust Dow Jones Internet Index | 1.03% |
| QQQE Direxion NASDAQ-100 Equal Weighted Ind... | 0.90% |
| CGMM Capital Group U.S. Small and Mid Cap | 0.87% |
| VOT Vanguard Mid-Cap Growth | 0.54% |
The eight funds with the largest weight in CPRT among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CPRT stock splits
CPRT has split its stock 7 times since 1999. The latest was a 2-for-1 split on 22 Aug 2023.
Full CPRT stock split history →CPRT SEC filings
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Completed an acquisition or disposal; Regulation FD disclosure
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.