Copart Inc

Chart & Performance

D1W1MN

P/E

41.79

P/S

13.44

EPS

1.41

Div Yield, %

0.00%

Shrs. gr., 5y

0.27%

Rev. gr., 5y

15.72%

Revenues

4.24b

+9.49%

Net income

1.36b

+10.12%

CFO

1.47b

+7.94%

Earnings

Feb 20, 2025

Profile

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, title processing and procurement, loan payoff, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services. Its services also comprise services to sell vehicles through CashForCars.com; U-Pull-It service that allows buyer to remove valuable parts and sell the remaining parts and car body; copart 360, an online technology for posting vehicle images; membership tiers for those registering to buy vehicles through Copart.com; and virtual queue to secure a place in line while visiting one of its locations. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. The company was incorporated in 1982 and is headquartered in Dallas, Texas.

URL

https://www.copart.com/

IPO date

Mar 17, 1994

Employees

9,500

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑07	2023‑07	2022‑07	2021‑07	2020‑07	2019‑07	2018‑07	2017‑07	2016‑07	2015‑07
Income
Revenues	4,236,823 9.49%	3,869,518 10.53%	3,500,921 30.02%
Cost of revenue	2,632,848	2,383,368	2,121,252
Unusual Expense (Income)
NOPBT	1,603,975	1,486,150	1,379,669
NOPBT Margin	37.86%	38.41%	39.41%
Operating Taxes	352,254	316,587	250,824
Tax Rate	21.96%	21.30%	18.18%
NOPAT	1,251,721	1,169,563	1,128,845
Net income	1,363,020 10.12%	1,237,741 13.54%	1,090,130 16.41%
Dividends
Dividend yield
Proceeds from repurchase of equity	30,108	6,389	26,183
BB yield	-0.06%	-0.01%	-0.02%
Debt
Debt current	42,608	42,936	21,794
Long-term debt	216,162	208,535	215,156
Deferred revenue			80,060
Other long-term liabilities	59,560	69,193	(15,423)
Net debt	(3,163,388)	(2,023,021)	(1,147,286)
Cash flow
Cash from operating activities	1,472,564	1,364,210	1,176,683
CAPEX	(510,990)	(516,636)	(337,448)
Cash from investing activities	(940,079)	(1,892,049)	(442,310)
Cash from financing activities	19,273	66,615	(382,693)
FCF	755,172	791,861	817,350
Balance
Cash	3,422,158	2,363,984	1,384,236
Long term investments		(89,492)
Excess cash	3,210,317	2,081,016	1,209,190
Stockholders' equity	6,427,570	5,048,530	3,787,139
Invested Capital	4,537,835	3,979,062	3,593,613
ROIC	29.39%	30.89%	33.08%
ROCE	20.45%	24.17%	28.26%
EV
Common stock shares outstanding	974,798	966,647	964,604
Price	52.33 -40.80%	88.39 -31.00%	128.10 -12.86%
Market cap	51,011,179 -40.30%	85,441,928 -30.85%	123,565,772 -12.54%
EV	47,872,335	83,418,907	122,418,486
EBITDA	1,794,231	1,645,834	1,518,274
EV/EBITDA	26.68	50.68	80.63
Interest		65,928	16,688
Interest/NOPBT		4.44%	1.21%