Copart (CPRT)
Industrials · $26.8B market cap · SEC CIK 0000900075
fundamentals score out of 100
Next reports on Nov 18, 2026, with analysts expecting $0.41 in earnings per share.
The case for CPRT
- Generated $1.2B of free cash flow in FY2025, 26% of revenue.
- 32% of revenue drops through to net profit.
- Has compounded revenue at 11.6% a year over five years.
- Return on equity of 16%.
- Carries essentially no debt.
- Current assets cover the near-term bills 7.9 times over.
The case against
- Down 36.9% over the past year.
- Revenue was flat on the year (+0.4%).
- Near the bottom of its 52-week range, 38% below the high. Falling prices usually have a reason; find it first.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 67 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 47 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 80 |
| Momentumhow the price has behaved lately | 20 |
| Stabilityhow violently it moves, what it owes and what it pays you | 76 |
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 18.1× |
|---|---|
| Price / book | 2.96× |
| Price / sales | 5.7× |
| Revenue growth (YoY) | +0.4% |
| EPS growth (YoY) | -2.3% |
| Gross margin | 45% |
| Operating margin | 35% |
| Net margin | 32% |
| Return on equity | 16% |
| Debt / equity | 0.00× |
| Current ratio | 7.91 |
| Dividend yield | none |
| Beta | 1.03 |
| 52-week range | $26.81 – $46.21 |
| Position in that range | 10% of the way up |
| 3-month return | -4.4% |
| 1-year return | -36.9% |
Five years of financials, as filed
Pulled from Copart's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.2B | $3.9B | $3.5B | $2.7B |
| Operating income | $1.7B | $1.6B | $1.5B | $1.4B | $1.1B |
| Net income | $1.6B | $1.4B | $1.2B | $1.1B | $936M |
| Operating cash flow | $1.8B | $1.5B | $1.4B | $1.2B | $991M |
| Capital expenditure | $569M | $511M | $517M | $337M | $463M |
| Total assets | $10.6B | $9.2B | $7.6B | $5.9B | $5.1B |
| Total liabilities | $788M | $863M | $786M | $719M | $1.0B |
| Shareholder equity | — | — | — | $5.2B | $4.1B |
| Cash | $5.1B | $3.3B | $1.3B | $1.7B | $972M |
| Long-term debt | — | — | — | $1.9M | $404M |
| Free cash flow | $1.2B | $962M | $848M | $839M | $528M |
| Operating margin | 36.5% | 37.1% | 38.4% | 39.3% | 42.2% |
| Net margin | 33.4% | 32.2% | 32.0% | 31.1% | 34.8% |
| Diluted shares | 978M | 975M | 967M | 965M | 961M |
Share count is essentially flat over 4 years.
What Copart says it does
Corporate Information We were incorporated in California in 1982, became a public company in 1994, and were reincorporated in Delaware in January 2012. Our principal executive offices are located at 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 and our telephone number is (972) 391-5000. Our website is www.copart.com . The contents of our website are not incorporated by reference into this Form 10-K. We provide free of charge, through a link on our website, access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments to those reports, as soon as reasonably practical after the reports are electronically filed with, or furnished to, the SEC. Copart ® , BID4U ® , CI & Design ® , DRIVE Auto Auctions ™ , 1-800 CAR BUYER ® , CA$HFORCARS.COM ® , COPART & DESIGN ® , VB3 & DESIGN ® , VB3 ® , National Powersports Auctions…
Risk factors CPRT lists in its 10-K
- Risks Related to Our Business and Industry
- Our business is exposed to risks associated with online commerce security and credit card fraud
- Implementation of our online auction model in new markets may not result in the same synergies and benefits that we achieved when we implemented the model in the U.S., Canada, and the U.K
- Failure to maintain sufficient capacity to accept additional vehicles at one or more of our storage facilities could adversely affect our relationships with insurance companies or other sellers of vehicles
- As we continue to expand our operations, our failure to manage growth could harm our business and adversely affect our consolidated results of operations and financial position
- If we experience problems with our subhaulers and trucking fleet operations, our business could be harmed
- New member programs could impact our operating results
- If we lose key management or are unable to attract and retain the talent required for our business, we may not be able to successfully manage our business or achieve our objectives
- The vehicle sales industry is highly competitive, and we may not be able to compete successfully
- Risks Related to Regulatory Compliance and Legal Matters
- Our business activities and public policy interests expose us to political, regulatory, economic, and reputational risks
- Our operations and acquisitions in the U.S. and certain foreign areas expose us to political, regulatory, economic, and reputational risks
- We face risks associated with transacting on a principal rather than agent basis, which may have an adverse impact on our gross margin percentages and expose us to inventory risks
- Our business is subject to a variety of domestic and international laws and other obligations regarding privacy and data protection