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Earnings transcript
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CPRT
Copart, Inc.
$32.67
-0.66
(-1.98%)
| Exchange: | NASDAQ |
| Market Cap: | 30.246B |
| Shares Outstanding: | 719.64M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Specialty Business Services | |||||
| CEO: | Jeffrey Liaw | |||||
| Full Time Employees: | 13800 | |||||
| Address: |
| |||||
| Website: | https://www.copart.com |
Copart, Inc. stands as a prominent global provider of online vehicle auctions and comprehensive vehicle remarketing services. The company extends its operations across numerous international markets, including the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. At its core, Copart enables the buying and selling of vehicles over the internet through its sophisticated “virtual bidding” online auction platform. Its extensive range of services supports the entire vehicle disposition process, encompassing aspects such as direct online access for sellers, expert salvage and general vehicle valuation, end-of-life vehicle handling, logistics and transportation management, and dedicated vehicle inspection facilities. Additional offerings include on-demand reporting, efficient title processing and express services, loan payoff assistance, adaptable vehicle processing programs, and direct “Buy It Now” purchase options, alongside specialized services for dealerships. Beyond its primary auction site, Copart manages several direct vehicle acquisition and sales platforms, such as BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie. Furthermore, its Copart Recycling service offers the public an avenue to procure individual parts from salvaged and end-of-life automobiles. The company is also at the forefront of technological innovation within its field. Its proprietary Copart 360 system generates detailed, 360-degree interactive views of both the interiors and exteriors of cars, trucks, and vans. Another key tool, IntelliSeller, is an automated platform that leverages Copart’s vast vehicle and sales data to assist sellers in making informed decisions about their auction strategies. Expanding its scope, Copart also provides remarketing services for wholesale construction, agricultural, and fleet equipment through its Purple Wave Inc. subsidiary, which conducts no-reserve online auctions. Additionally, it handles the remarketing of wholesale powersport vehicles via both live and online auction formats. Copart serves a diverse client base, including licensed vehicle dismantlers, rebuilders, repair professionals, used vehicle dealers, exporters, and members of the general public. Established in 1982, Copart, Inc. is headquartered in Dallas, Texas.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,869,518 | 4,236,823 | 4,646,958 |
| Gross Profit | 1,736,991 | 1,907,252 | 2,099,643 |
| EBITDA | 1,713,806 | 1,904,857 | 2,111,430 |
| Operating Income | 1,486,569 | 1,572,023 | 1,696,714 |
| Net Income | 1,237,741 | 1,363,020 | 1,552,449 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,737,879 | 8,427,764 | 10,090,902 |
| Total Liabilities | 750,439 | 879,209 | 883,411 |
| Total Stockholders Equity | 5,987,440 | 7,524,011 | 9,187,033 |
| Total Debt | 120,453 | 118,733 | 103,739 |
| Cash and Cash Equivalents | 957,395 | 1,514,111 | 2,780,531 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,364,210 | 1,472,564 | 1,799,750 |
| Capital Expenditure | -516,636 | -510,990 | -568,990 |
| Free Cash Flow | 847,574 | 961,574 | 1,230,760 |
| Net Income | 1,237,741 | 1,362,347 | 1,548,363 |
| Net Change in Cash | -426,841 | 556,716 | 1,266,420 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,261,770.555 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 5,696,334.052 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 5,474,600 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,359,225.500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 2,554,071.184 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 2,454,652.058 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,032,666.299 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,253,585.761 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,140,862.972 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 380,673.613 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 412,113.003 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 396,071.197 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 2.190 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 2.310 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 2.080 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: CPRT reported a 14% year-over-year global revenue increase to nearly $1.2 billion in Q2 Fiscal 2025, as highlighted in the earnings call transcript. This growth outpaces many peers in the auto auction and salvage industry, reflecting strong operational performance.
- High Profitability Metrics: Key metrics such as gross profit margin and net profit margin (specific figures to be derived from Key Metrics TTM data) indicate efficient cost management and profitability, positioning CPRT favorably within the sector.
- Strong Cash Flow Generation: Data from Cash Flow Statements shows consistent net cash provided by operating activities and positive free cash flow, supporting financial stability and the ability to fund strategic initiatives without excessive reliance on debt.
- Market Leadership: As a leader in the online vehicle auction industry (per Company Profile description), CPRT benefits from a strong brand and extensive network, enhancing its competitive edge in the sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CPRT intrinsic value between $14.51 – $42.01 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CPRT valuation
Is Copart, Inc. (CPRT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Copart, Inc. (CPRT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CPRT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CPRT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CPRT’s P/E ratio?
You can see CPRT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CPRT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CPRT a good long-term investment?
Whether CPRT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CPRT
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Daily snapshot
-1.98
Trading Metrics:
| Open: | 33 | Previous Close: | 33.33 | |
| Day Low: | 32.65 | Day High: | 33.42 | |
| Year Low: | 26.81 | Year High: | 50.11 | |
| Price Avg 50: | 29.67 | Price Avg 200: | 34.74 | |
| Volume: | 5.4M | Average Volume: | 11.234M |
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Login — it's freeCPRT full analysis
Welcome to MARKETSNAP’s SWOT analysis for Copart Incorporated, a major player in the online vehicle auction and remarketing space. If you’re a long-term investor looking to dig into a company with a unique niche in the auto industry, you’re in the right place. Today, we’re breaking down Copart—also known by its ticker CPRT—through a detailed SWOT analysis, covering their strengths, weaknesses, opportunities, and threats. I’ll also sprinkle in some recent updates, financial insights, and performance trends to keep things engaging.…
