Copart (CPRT)
Market Price (3/18/2026): $33.99 | Market Cap: $32.9 BilSector: Industrials | Industry: Diversified Support Services
Copart (CPRT)
Market Price (3/18/2026): $33.99Market Cap: $32.9 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% | Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -74% | Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.6% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% | Key risksCPRT key risks include [1] an over-reliance on a few large insurance companies who may shift business to competitors, Show more. | |
| Low stock price volatilityVol 12M is 27% | ||
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Circular Economy & Recycling, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Circular Economy & Recycling, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -74% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.6% |
| Key risksCPRT key risks include [1] an over-reliance on a few large insurance companies who may shift business to competitors, Show more. |
Qualitative Assessment
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Copart (CPRT) stock has lost about 15% since 11/30/2025 because of the following key factors:
1. Q2 Fiscal 2026 Earnings Missed Analyst Expectations Significantly.
Copart's stock experienced a sharp decline of over 10% in after-hours trading on February 19, 2026, following its Q2 fiscal 2026 earnings release. The company reported earnings per share (EPS) of $0.36, missing the LSEG consensus estimate of $0.39 by 10%. Additionally, revenue came in at $1.12 billion, falling short of analyst estimates of $1.17 billion.
2. Weak Q1 Fiscal 2026 Revenue and Decline in Insurance Unit Volume.
While Copart's Q1 fiscal 2026 EPS of $0.41 slightly surpassed expectations, the reported revenue of $1.16 billion fell short of the $1.18 billion forecast. More notably, global insurance units declined by 8.4% year-over-year (or 5.6% excluding catastrophic volumes), and U.S. insurance units decreased by 9.5% (or 7.3% excluding catastrophic activity). This decline was attributed to "soft claims counts as a result of consumer retrenchment in their auto insurance purchasing behavior," indicating a broader industry trend impacting unit volume.
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1. Q2 Fiscal 2026 Earnings Missed Analyst Expectations Significantly.
Copart's stock experienced a sharp decline of over 10% in after-hours trading on February 19, 2026, following its Q2 fiscal 2026 earnings release. The company reported earnings per share (EPS) of $0.36, missing the LSEG consensus estimate of $0.39 by 10%. Additionally, revenue came in at $1.12 billion, falling short of analyst estimates of $1.17 billion.
2. Weak Q1 Fiscal 2026 Revenue and Decline in Insurance Unit Volume.
While Copart's Q1 fiscal 2026 EPS of $0.41 slightly surpassed expectations, the reported revenue of $1.16 billion fell short of the $1.18 billion forecast. More notably, global insurance units declined by 8.4% year-over-year (or 5.6% excluding catastrophic volumes), and U.S. insurance units decreased by 9.5% (or 7.3% excluding catastrophic activity). This decline was attributed to "soft claims counts as a result of consumer retrenchment in their auto insurance purchasing behavior," indicating a broader industry trend impacting unit volume.
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Stock Movement Drivers
Fundamental Drivers
The -12.6% change in CPRT stock from 11/30/2025 to 3/17/2026 was primarily driven by a -10.6% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.98 | 34.05 | -12.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,655 | 4,614 | -0.9% |
| Net Income Margin (%) | 34.2% | 33.8% | -1.4% |
| P/E Multiple | 23.7 | 21.1 | -10.6% |
| Shares Outstanding (Mil) | 968 | 967 | 0.0% |
| Cumulative Contribution | -12.6% |
Market Drivers
11/30/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| CPRT | -12.6% | |
| Market (SPY) | -1.8% | 29.7% |
| Sector (XLI) | 8.3% | 30.2% |
Fundamental Drivers
The -30.2% change in CPRT stock from 8/31/2025 to 3/17/2026 was primarily driven by a -33.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.81 | 34.05 | -30.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,591 | 4,614 | 0.5% |
| Net Income Margin (%) | 32.2% | 33.8% | 4.8% |
| P/E Multiple | 31.9 | 21.1 | -33.7% |
| Shares Outstanding (Mil) | 966 | 967 | -0.1% |
| Cumulative Contribution | -30.2% |
Market Drivers
8/31/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| CPRT | -30.2% | |
| Market (SPY) | 4.3% | 21.7% |
| Sector (XLI) | 10.0% | 28.8% |
Fundamental Drivers
The -37.9% change in CPRT stock from 2/28/2025 to 3/17/2026 was primarily driven by a -41.8% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.80 | 34.05 | -37.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,506 | 4,614 | 2.4% |
| Net Income Margin (%) | 32.3% | 33.8% | 4.6% |
| P/E Multiple | 36.4 | 21.1 | -41.8% |
| Shares Outstanding (Mil) | 965 | 967 | -0.3% |
| Cumulative Contribution | -37.9% |
Market Drivers
2/28/2025 to 3/17/2026| Return | Correlation | |
|---|---|---|
| CPRT | -37.9% | |
| Market (SPY) | 13.9% | 41.4% |
| Sector (XLI) | 23.4% | 43.8% |
Fundamental Drivers
The -3.3% change in CPRT stock from 2/28/2023 to 3/17/2026 was primarily driven by a -31.8% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3172026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.23 | 34.05 | -3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,673 | 4,614 | 25.6% |
| Net Income Margin (%) | 29.5% | 33.8% | 14.6% |
| P/E Multiple | 31.0 | 21.1 | -31.8% |
| Shares Outstanding (Mil) | 953 | 967 | -1.5% |
| Cumulative Contribution | -3.3% |
Market Drivers
2/28/2023 to 3/17/2026| Return | Correlation | |
|---|---|---|
| CPRT | -3.3% | |
| Market (SPY) | 75.6% | 48.5% |
| Sector (XLI) | 72.1% | 49.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CPRT Return | 19% | -20% | 61% | 17% | -32% | -13% | 6% |
| Peers Return | 25% | -26% | 32% | 16% | -19% | -10% | 3% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 78% |
Monthly Win Rates [3] | |||||||
| CPRT Win Rate | 50% | 42% | 75% | 42% | 42% | 33% | |
| Peers Win Rate | 56% | 40% | 53% | 55% | 43% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| CPRT Max Drawdown | -18% | -32% | -1% | -5% | -33% | -13% | |
| Peers Max Drawdown | -16% | -38% | -7% | -13% | -34% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RBA, ACVA, KMX, AN, LKQ. See CPRT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/17/2026 (YTD)
How Low Can It Go
| Event | CPRT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -35.4% | -25.4% |
| % Gain to Breakeven | 54.8% | 34.1% |
| Time to Breakeven | 328 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.8% | -33.9% |
| % Gain to Breakeven | 77.8% | 51.3% |
| Time to Breakeven | 163 days | 148 days |
| 2018 Correction | ||
| % Loss | -32.4% | -19.8% |
| % Gain to Breakeven | 47.9% | 24.7% |
| Time to Breakeven | 121 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -51.9% | -56.8% |
| % Gain to Breakeven | 108.1% | 131.3% |
| Time to Breakeven | 1,142 days | 1,480 days |
Compare to RBA, ACVA, KMX, AN, LKQ
In The Past
Copart's stock fell -35.4% during the 2022 Inflation Shock from a high on 11/16/2021. A -35.4% loss requires a 54.8% gain to breakeven.
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About Copart (CPRT)
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.
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It's like eBay, but exclusively for damaged, salvage, and end-of-life vehicles.
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- Online Vehicle Auction Platform: Provides a virtual bidding system for sellers to process and sell vehicles over the internet.
- Vehicle Remarketing Services: A suite of services that includes salvage estimation, transportation, title processing, and reporting to facilitate vehicle sales for various clients.
- CashForCars.com: A dedicated service for individuals to directly sell vehicles to Copart.
- U-Pull-It Service: An operation where buyers can remove valuable parts from vehicles, with the remaining car bodies and parts also available for sale.
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Major Customers of Copart (CPRT)
Copart serves a diverse customer base, primarily consisting of businesses on both the selling and buying sides of its vehicle remarketing and auction services. While specific company names of these customers are not provided in the background description, its major corporate customers fall into the following categories:
Customer Categories (Businesses):
- Vehicle Sellers (for whom Copart provides remarketing and processing services):
- Insurance companies
- Banks and finance companies
- Charities
- Fleet operators
- Dealers
- Vehicle rental companies
- Vehicle Buyers (who purchase vehicles from Copart's auctions):
- Licensed vehicle dismantlers
- Rebuilders
- Repair licensees
- Used vehicle dealers
- Exporters
Customer Categories (Individuals):
In addition to businesses, Copart also serves individuals who act as both sellers (e.g., through CashForCars.com) and as members of the public who purchase vehicles directly from its auctions.
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Jeff Liaw, Chief Executive Officer
Jeff Liaw has served as CEO and a member of the board of directors of Copart since April 2024, having previously held the role of Co-CEO from March 2022 to April 2024. He joined Copart in 2016 as CFO and was also President of the company from 2019 to 2022. Prior to his tenure at Copart, Liaw was the CFO of Fleetpride, an independent distributor of aftermarket truck parts in the U.S. Fleetpride was owned by TPG Capital, where Liaw had served as a principal investor, overseeing private equity investments in the financial services and industrial sectors. This highlights a pattern of managing companies backed by private equity firms.
Leah Stearns, Senior Vice President and Chief Financial Officer
Leah Stearns joined Copart in December 2022, where she leads the company's finance and accounting functions. She is a seasoned Fortune 500 executive who most recently served as Chief Financial Officer of CBRE, a global leader in commercial real estate services and investments. Earlier in her career, Stearns held financial and operational leadership roles at American Tower.
A. Jayson Adair, Executive Chairman
A. Jayson Adair has served as Executive Chairman of Copart since April 2024. He was Copart's CEO from February 2010 to April 2024, and before that, he served as Co-CEO with Jeff Liaw from March 2022 to April 2024. Adair joined Copart in 1989 and held various positions, including President from 1996 to 2010 and Executive Vice President from 1995. He worked closely with Copart's founder, Willis Johnson, learning the business under his guidance.
David Kang, Chief Marketing and Analytics Officer
David Kang leads Copart's product, marketing, and analytics functions. His responsibilities include strategic analytics, data science, digital marketing, brand, communications, member services, global member development, and leading the Cash for Cars business. Kang has extensive experience in marketing, product, and data analytics, having most recently served as SVP, Data Insights, and CMO and Head of Product, Consumer Auto Finance, at Capital One. Prior to Capital One, he held various leadership positions at McKinsey & Company, supporting clients in the Travel, Transportation, and Logistics practice.
Rob Vannuccini, Chief Sales Officer
Rob Vannuccini leads Copart's sales teams, recognized as one of the top sales forces in the automotive remarketing industry. He was appointed as Chief Sales Officer in 2010. Vannuccini began his career at Copart in 1994, holding roles such as Vice President of National Accounts and Midwest Regional Account Manager. His prior experience includes gaining significant leadership skills as the Midwest Regional Manager of NER Auction Systems and Assistant Vice President of Fleet Financial Group.
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The key risks to Copart's business revolve around the core dynamics of the vehicle remarketing industry, regulatory scrutiny, and its reliance on key partners.
- Dependence on Salvage Vehicle Supply and Pricing: Copart's business is highly sensitive to the volume and value of salvage and used vehicles, which form the "lifeblood" of its auction operations. Fluctuations in the market value of these vehicles, commodity prices, and foreign exchange rates can directly impact revenue and profitability, especially given the company's international reach. Recent trends show a correction in used vehicle prices and declining unit volumes, which could lead to lower average selling prices (ASPs) and service volumes. Factors such as accident frequency, total-loss rates, repair costs, and insurer behavior directly influence the supply of salvage vehicles. A sustained decline in total-loss rates or reduced comprehensive insurance coverage due to economic pressures could significantly decrease the number of vehicles entering Copart's auction system.
- Regulatory and Legal Risks: Copart operates in a complex regulatory environment, encompassing domestic and international laws on vehicle import/export, environmental protection, privacy, and data security. A significant ongoing concern is a U.S. Department of Justice (DOJ) investigation into potential money laundering violations related to its auction platform. The outcome, duration, scope, and potential financial or reputational losses from this investigation are currently not estimable, introducing considerable uncertainty. Changes in other regulations could also adversely affect operations.
- Reliance on Major Vehicle Sellers: A substantial portion of Copart's vehicle volume, approximately 80%, originates from auto insurance companies. This high dependence on a limited number of major vehicle sellers, particularly insurance providers, creates a concentration risk. Any disruption in these key relationships, or significant industry-wide changes impacting insurance companies (such as regulatory shifts or economic pressures), could expose Copart to considerable revenue impacts if these sellers reduce their volume or alter their remarketing practices.
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The widespread adoption of autonomous vehicles, which could significantly reduce accident rates and consequently decrease the supply of salvage vehicles for auction.AI Analysis | Feedback
Copart, Inc. (CPRT) operates within several significant addressable markets related to vehicle remarketing and auctions. The company's main products and services primarily cater to the online salvage vehicle auction market and the broader used car market.
Online Salvage Auctions Market
- The global online salvage auctions market was estimated at approximately USD 3.45 billion in 2023 and is projected to reach about USD 8.12 billion by 2032, with a compound annual growth rate (CAGR) of 9.8% over the forecast period. Other estimates place the global market size at USD 10.63 billion in 2024, projected to grow to USD 27.20 billion by 2030 at a CAGR of 17.4% from 2025 to 2030. Another source indicates a market size of USD 15 billion in 2023, expected to reach USD 67.9 billion by 2030, with a CAGR of 25.0% during 2024-2030. Furthermore, the global market is expected to reach USD 54.6 billion by 2034, growing from USD 10.8 billion in 2024 at a CAGR of 17.6% from 2025 to 2034.
- In the **United States**, the online salvage auctions market generated a revenue of USD 3,420.0 million in 2024 and is anticipated to reach USD 7,202.9 million by 2030, exhibiting a CAGR of 13.7% from 2025 to 2030. North America, overall, held a significant share of the online salvage auctions market, valued at approximately USD 1.25 billion in 2023, and is expected to grow at a CAGR of 8.5%. The U.S. dominated the online salvage auctions market in 2024, accounting for 38.44% of the global market share.
- In **Europe**, the online salvage auctions market was valued at approximately USD 0.95 billion in 2023 and is expected to grow at a CAGR of 8.8%. More recent data suggests the European online salvage auctions market generated a revenue of USD 3,536.0 million in 2024 and is projected to reach USD 9,858.5 million by 2030, growing at a CAGR of 19.1% from 2025 to 2030.
Used Car Market
Copart's services extend to selling vehicles to used vehicle dealers, rebuilders, and the public, aligning with the broader used car market.
- The **global** used car market was estimated at USD 1,898,501.3 million in 2024 and is projected to reach USD 2,701,501.4 million by 2030, growing at a CAGR of 6% from 2025 to 2030. Another estimate for the global market size is USD 1.90 trillion in 2024, projected to reach USD 2.70 trillion by 2030, with a CAGR of 6.0% from 2025 to 2030.
- For the **United States**, the used car market was valued at USD 234,451.01 billion in 2024. Other reports indicate the U.S. used car market generated a revenue of USD 393,786.4 million in 2024 and is expected to reach USD 519,050.4 million by 2030, growing at a CAGR of 4.6% from 2025 to 2030. In terms of units, the U.S. used car market reached 38.6 million units in 2025 and is estimated to reach 51.4 million units by 2034.
- In **Europe**, the used car market was valued at USD 67.90 billion in 2025 and is anticipated to reach USD 99.35 billion by 2034, growing at a CAGR of 4.32% during the forecast period from 2026 to 2034. In 2024, the Europe used car market generated a revenue of USD 536,511.1 million. The market was also valued at EUR 429 billion in 2021.
Automotive Remarketing Solution Market
Copart provides comprehensive vehicle remarketing services.
- The **global** market for Automotive Remarketing Solutions was estimated to be worth US$ 32,945 million in 2024 and is forecast to reach a readjusted size of US$ 51,819 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.
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Copart (CPRT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- International Expansion: Copart's strategic push into new international markets, including Germany, Brazil, and the Middle East, is anticipated to open up higher-margin revenue streams and contribute to overall profitability beyond its mature U.S. business. For instance, in the second quarter of fiscal year 2026, international revenue increased by 6.1%, or 7.7% excluding catastrophic events. Furthermore, international non-insurance units saw a 9.1% increase during the same period.
- Digital Innovation and AI-enabled Platforms: Significant investments in proprietary, AI-enabled platforms are expected to enhance auction transaction efficiency, foster greater engagement from both sellers and buyers, and ultimately improve net margins. The company continues to heavily invest in artificial intelligence and auction liquidity. These digital tools, such as AI-enabled image recognition, are also considered proactive levers to stimulate growth within the insurance segment.
- Growth in Insurance Volume and Total Loss Frequency: Fundamental drivers for Copart's insurance business include macroeconomic factors like increasing total loss frequency. Management anticipates a reversal of cyclical trends in insurance coverage and policy growth, which is expected to bolster future vehicle volume. Despite some temporary challenges, analysts believe that rising total loss frequencies will benefit the company in the long term.
- Expansion of Value-Added Services: The growth of value-added services, such as the Title Express platform, is a significant revenue driver. This platform processes over 1 million titles annually, helping to integrate insurers' salvage vehicles into Copart's ecosystem. These services are crucial for generating higher ancillary revenues, improving operational efficiencies, and boosting overall profitability.
- Higher Average Selling Prices (ASPs): Copart has observed record average selling prices for U.S. insurance consignors, with ASPs increasing by 6% year-over-year, and 9% when excluding catastrophic events, in the second quarter of fiscal year 2026. U.S. non-insurance ASPs also rose by 2%, and international insurance ASPs increased by 9% in the same quarter. Analysts project a continued upward trend in average selling prices for vehicles, supported by positive movements in wholesale vehicle prices.
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Share Repurchases
- Copart resumed opportunistic share buybacks, deploying $500 million as of mid-February 2026.
- For the quarter ending January 31, 2026, Copart made $218.22 million in stock buybacks.
- Copart did not repurchase any shares under its stock repurchase program during fiscal years 2023, 2024, and 2025. As of July 31, 2025, 325,803,208 shares remained available for repurchase under the program.
Share Issuance
- Copart's shares outstanding for the quarter ending January 31, 2026, were 0.975 billion, a 0.29% decline year-over-year.
- The company generates working capital and liquidity from the issuance of shares through option exercises and shares issued under its Employee Stock Purchase Plan.
- Copart's annual net common equity issued/repurchased was $0.057 billion in 2025, a 56.65% increase from 2024.
Outbound Investments
- Historically, Copart's business growth has been attributed in part to acquisitions.
- As of March 2026, management prioritizes buybacks over mergers and acquisitions (M&A).
Capital Expenditures
- Copart's capital expenditures for the last 12 months totaled -$393.3 million.
- In fiscal year 2025, Copart opened new operational facilities in the U.K., Spain, and the U.S. to enhance capacity, increase market presence, and improve operational efficiency.
- Projected capital expenditures are approximately $591 million for 2026, and are expected to be around 13% of revenue in subsequent years.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is 10.0% Fall In Copart (CPRT) Stock A Buying Opportunity? | 03/11/2026 | |
| Copart Stock Looks Undervalued, Ready to Move Up? | 01/10/2026 | |
| Copart Earnings Notes | 12/26/2025 | |
| How Does Copart Stock Stack Up Against Its Peers? | 12/02/2025 | |
| CPRT Now 23% Cheaper, Buy? | 11/05/2025 | |
| CPRT Leadership & 23% Price Drop - Time to Buy? | 11/05/2025 | |
| Copart Stock at Support Zone - Bargain or Trap? | 10/23/2025 | |
| Is Copart Stock Built to Withstand More Downside? | 10/17/2025 | |
| Better Bet Than CPRT Stock: Pay Less Than Copart To Get More From META, V | 08/12/2025 | |
| ARTICLES | ||
| S&P 500 Stocks Trading At 52-Week Low | 03/13/2026 | |
| Copart Stock To $47? | 03/11/2026 | |
| Between Copart and Thomson Reuters, Which Stock Looks Set to Break Out? | 03/04/2026 | |
| Stocks Trading At 52-Week Low | 02/21/2026 | |
| Is the Market Overlooking Copart Stock’s Next Move? | 01/10/2026 |
Trade Ideas
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
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| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.8% | 0.8% | -6.6% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 38.19 |
| Mkt Cap | 7.1 |
| Rev LTM | 9,265 |
| Op Inc LTM | 930 |
| FCF LTM | 725 |
| FCF 3Y Avg | 509 |
| CFO LTM | 1,021 |
| CFO 3Y Avg | 916 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.8% |
| Rev Chg 3Y Avg | 5.4% |
| Rev Chg Q | -0.5% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Mgn LTM | 6.4% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 9.9% |
| CFO/Rev 3Y Avg | 7.1% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 4.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.1 |
| P/S | 0.8 |
| P/EBIT | 6.0 |
| P/E | 12.9 |
| P/CFO | 14.6 |
| Total Yield | 6.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.9% |
| 3M Rtn | -7.4% |
| 6M Rtn | -21.5% |
| 12M Rtn | -32.3% |
| 3Y Rtn | -13.5% |
| 1M Excs Rtn | -7.1% |
| 3M Excs Rtn | -6.5% |
| 6M Excs Rtn | -23.9% |
| 12M Excs Rtn | -50.2% |
| 3Y Excs Rtn | -90.9% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $34.05 | |
| Market Cap ($ Bil) | 32.9 | |
| First Trading Date | 03/17/1994 | |
| Distance from 52W High | -46.7% | |
| 50 Days | 200 Days | |
| DMA Price | $38.50 | $43.35 |
| DMA Trend | down | down |
| Distance from DMA | -11.6% | -21.5% |
| 3M | 1YR | |
| Volatility | 29.9% | 27.0% |
| Downside Capture | 90.92 | 86.29 |
| Upside Capture | 13.94 | 22.45 |
| Correlation (SPY) | 29.7% | 40.5% |
CPRT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.93 | 0.90 | 0.75 | 0.46 | 0.57 | 0.76 |
| Up Beta | 0.26 | 0.74 | 0.95 | 0.57 | 0.71 | 0.79 |
| Down Beta | 3.48 | 1.88 | 1.63 | 0.79 | 0.43 | 0.60 |
| Up Capture | -4% | 33% | 20% | -10% | 17% | 46% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 22 | 30 | 54 | 120 | 395 |
| Down Capture | 86% | 67% | 39% | 68% | 83% | 97% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 19 | 30 | 69 | 129 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CPRT | |
|---|---|---|---|---|
| CPRT | -35.1% | 27.1% | -1.62 | - |
| Sector ETF (XLI) | 28.4% | 19.1% | 1.18 | 43.7% |
| Equity (SPY) | 20.3% | 18.8% | 0.85 | 40.8% |
| Gold (GLD) | 68.2% | 26.2% | 1.97 | -0.1% |
| Commodities (DBC) | 19.1% | 17.3% | 0.89 | 9.3% |
| Real Estate (VNQ) | 7.6% | 16.1% | 0.27 | 38.0% |
| Bitcoin (BTCUSD) | -10.5% | 44.3% | -0.12 | 19.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CPRT | |
|---|---|---|---|---|
| CPRT | 4.7% | 26.0% | 0.18 | - |
| Sector ETF (XLI) | 13.4% | 17.1% | 0.62 | 58.5% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 63.4% |
| Gold (GLD) | 23.4% | 17.2% | 1.11 | 3.3% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 3.4% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 48.2% |
| Bitcoin (BTCUSD) | 6.1% | 56.7% | 0.33 | 23.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CPRT | |
|---|---|---|---|---|
| CPRT | 21.3% | 27.5% | 0.74 | - |
| Sector ETF (XLI) | 14.1% | 19.8% | 0.63 | 60.7% |
| Equity (SPY) | 14.8% | 17.9% | 0.71 | 64.6% |
| Gold (GLD) | 14.4% | 15.6% | 0.76 | 2.3% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 14.6% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 50.1% |
| Bitcoin (BTCUSD) | 68.3% | 66.8% | 1.07 | 16.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/19/2026 | -3.1% | -1.3% | |
| 11/20/2025 | -0.7% | -4.6% | -4.6% |
| 9/4/2025 | -2.8% | -2.1% | -9.7% |
| 5/22/2025 | -11.5% | -15.1% | -19.8% |
| 2/20/2025 | -2.8% | -5.1% | -7.9% |
| 11/21/2024 | 10.2% | 11.4% | 2.6% |
| 9/4/2024 | -6.7% | -6.9% | -1.6% |
| 5/16/2024 | -0.1% | -1.9% | -0.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 9 |
| # Negative | 15 | 14 | 13 |
| Median Positive | 1.8% | 3.5% | 5.5% |
| Median Negative | -1.8% | -4.4% | -4.6% |
| Max Positive | 10.2% | 11.4% | 16.2% |
| Max Negative | -11.5% | -15.1% | -19.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/03/2026 | 10-Q |
| 10/31/2025 | 11/24/2025 | 10-Q |
| 07/31/2025 | 09/26/2025 | 10-K |
| 04/30/2025 | 06/03/2025 | 10-Q |
| 01/31/2025 | 02/26/2025 | 10-Q |
| 10/31/2024 | 11/26/2024 | 10-Q |
| 07/31/2024 | 09/30/2024 | 10-K |
| 04/30/2024 | 05/23/2024 | 10-Q |
| 01/31/2024 | 02/27/2024 | 10-Q |
| 10/31/2023 | 11/21/2023 | 10-Q |
| 07/31/2023 | 09/28/2023 | 10-K |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 02/24/2023 | 10-Q |
| 10/31/2022 | 11/18/2022 | 10-Q |
| 07/31/2022 | 09/27/2022 | 10-K |
| 04/30/2022 | 05/25/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tryforos, Thomas N | Direct | Sell | 11252025 | 39.07 | 100,000 | Form | |||
| 2 | Liaw, Jeffrey | Chief Executive Officer | Direct | Sell | 10172025 | 44.79 | 24,283 | 1,087,668 | 1,403,402 | Form |
| 3 | Tryforos, Thomas N | Direct | Sell | 9172025 | 47.54 | 228,840 | Form | |||
| 4 | Liaw, Jeffrey | Chief Executive Officer | Direct | Sell | 7162025 | 46.43 | 24,088 | 1,118,419 | 1,463,816 | Form |
| 5 | Cohan, Steven D | Direct | Sell | 4142025 | 60.01 | 5,003 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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