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Copart Inc CPRT Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: CPRT

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Market Closed

| Currency in USD

  • Last Close 43.62
  • Sector Industrials
  • Industry Specialty Business Services
  • Investment Style Mid Growth
  • Day Range 42.97  –  43.77
  • Year Range 26.45  –  47.39
  • Market Cap 41.7599 Bil
  • Volume / Avg 3.1 Mil /  3.9 Mil
  • Price / Sales 10.90
  • Price / Book 6.97
  • Forward Div Yield —
  • Trailing Div Yield —

Morningstar‘s Stock Analysis CPRT

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Copart Earnings: Consistent Industry Dominance Helps Copart End Fiscal 2023 With Good Growth

David Whiston Sector Strategist

Analyst Note

| David Whiston |

Copart’s fourth-quarter fiscal 2023 results gave us no reason to change our investment thesis or fair value estimate, but we will reassess all valuation inputs when we roll our model forward for the soon-to-be filed 10-K. We consider Copart an outstanding-quality business and its wide moat helps the firm consistently generate share gains and profit growth. Fourth-quarter adjusted diluted EPS grew 21.4% year over year to $0.34 beating the $0.32 Refinitiv consensus. A nearly 10% increase in global unit volume (about 8% United States and 22% internationally) helped drive revenue up 12.9% to $997.6 million which also beat the Refinitiv consensus of $962.9 million. Foreign currency was a $6 million tailwind for the quarter. This growth, along with declines in some costs such as transportation due to falling diesel prices, enabled strong operating leverage with operating income up 20.3% and operating margin growing by 240 basis points to 39.2%.

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Key Statistics CPRT

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Company Profile CPRT

Business Description

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart’s vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle’s final selling price.

Contact
14185 Dallas Parkway, Suite 300
Dallas, TX, 75254
Sector Industrials
Industry Specialty Business Services
Employees 10,200

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Competitors & Peers CPRT

More on CPRT’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of CPRT’s competitive advantage.

Copart Inc

XNAS: CPRT

CarMax Inc

XNYS: KMX

LKQ Corp

XNAS: LKQ

RB Global Inc

XTSE: RBA
Price
43.6269.7449.1385.44
Currency
USDUSDUSDCAD
Change
+$0.53 (1.23%) −$0.99 (1.40%) −$0.38 (0.77%) +$0.40 (0.47%)
Market Cap
41.76 Bil11.06 Bil13.15 Bil15.56 Bil
Industry
Specialty Business Services Auto & Truck Dealerships Auto Parts Specialty Business Services
Sector
Industrials
Consumer Cyclical
Consumer Cyclical
Industrials

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Copart Inc Stock

No. CPRT does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

CPRT’s market cap is 41.76 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

CPRT’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

CPRT’s price/sales is 10.90.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

CPRT’s price/forward earnings is 34.08.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

CPRT’s price/book is 6.97.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See CPRT’s valuation ratios compared to the Market Index.

CPRT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare CPRT’s historical performance against its industry peers and the overall market.