Market Cap
US$20.5b
Last Updated
2020/02/27 00:21 UTC
Data Sources
Company Financials +
Executive Summary
Copart, Inc. provides online auctions and vehicle remarketing services.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Copart's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CPRT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.2%
CPRT
-5.0%
US Commercial Services
-7.6%
US Market
1 Year Return
50.6%
CPRT
13.7%
US Commercial Services
10.2%
US Market
Return vs Industry: CPRT exceeded the US Commercial Services industry which returned 14.7% over the past year.
Return vs Market: CPRT exceeded the US Market which returned 10.5% over the past year.
Shareholder returns
| CPRT | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.2% | -5.0% | -7.6% |
| 30 Day | -12.3% | -2.4% | -4.5% |
| 90 Day | -0.7% | 1.6% | -0.6% |
| 1 Year | 50.6%50.6% | 17.6%13.7% | 12.5%10.2% |
| 3 Year | 193.9%193.9% | 54.0%43.8% | 37.1%28.3% |
| 5 Year | 374.2%374.2% | 91.5%71.1% | 60.8%43.2% |
Price Volatility Vs. Market
How volatile is Copart's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Copart, Inc. (NASDAQ:CPRT) Delivered A Better ROE Than Its Industry2 weeks ago | Simply Wall St
Why We Like Copart, Inc.’s (NASDAQ:CPRT) 30% Return On Capital Employed1 month ago | Simply Wall St
Should You Be Tempted To Sell Copart, Inc. (NASDAQ:CPRT) Because Of Its P/E Ratio?Valuation
Is Copart undervalued compared to its fair value and its price relative to the market?
7.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CPRT ($88.94) is trading below our estimate of fair value ($95.07)
Significantly Below Fair Value: CPRT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CPRT is poor value based on its PE Ratio (27.9x) compared to the Commercial Services industry average (27.1x).
PE vs Market: CPRT is poor value based on its PE Ratio (27.9x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: CPRT is poor value based on its PEG Ratio (20.4x)
Price to Book Ratio
PB vs Industry: CPRT is overvalued based on its PB Ratio (9.7x) compared to the US Commercial Services industry average (1.9x).
Next Steps
Future Growth
How is Copart forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CPRT's forecast earnings growth (1.4% per year) is below the savings rate (1.7%).
Earnings vs Market: CPRT's earnings (1.4% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: CPRT's earnings are forecast to grow, but not significantly.
Revenue vs Market: CPRT's revenue (9% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: CPRT's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CPRT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Copart performed over the past 5 years?
24.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPRT has a high level of non-cash earnings.
Growing Profit Margin: CPRT's current net profit margins (32.9%) are higher than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: CPRT's earnings have grown significantly by 24.1% per year over the past 5 years.
Accelerating Growth: CPRT's earnings growth over the past year (51.9%) exceeds its 5-year average (24.1% per year).
Earnings vs Industry: CPRT earnings growth over the past year (51.9%) exceeded the Commercial Services industry -7.9%.
Return on Equity
High ROE: CPRT's Return on Equity (34.5%) is considered high.
Next Steps
Financial Health
How is Copart's financial position?
Financial Position Analysis
Short Term Liabilities: CPRT's short term assets ($732.0M) exceed its short term liabilities ($342.8M).
Long Term Liabilities: CPRT's short term assets ($732.0M) exceed its long term liabilities ($581.0M).
Debt to Equity History and Analysis
Debt Level: CPRT's debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: CPRT's debt to equity ratio has reduced from 63.8% to 19.5% over the past 5 years.
Debt Coverage: CPRT's debt is well covered by operating cash flow (190.4%).
Interest Coverage: CPRT's interest payments on its debt are well covered by EBIT (45.7x coverage).
Balance Sheet
Inventory Level: CPRT has a high level of physical assets or inventory.
Debt Coverage by Assets: CPRT's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is Copart's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CPRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CPRT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CPRT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CPRT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CPRT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.7yrs
Average management tenure
CEO
Jay Adair (50yo)
10yrs
Tenure
US$156,316
Compensation
Mr. A. Jayson Adair, also known as Jay, has been the Chief Executive Officer of Copart, Inc. since February 2010 and served as its President from November 1996 to February 2010. Mr. Adair serves at Keyston ...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD156.32K) is below average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 16.1yrs | US$382.57k | 8.04% $1.7b | |
| CEO & Director | 10yrs | US$156.32k | 3.72% $763.3m | |
| President & CFO | 0.4yrs | US$3.21m | 0.00091% $186.9k | |
| Senior Advisor to the Chief Executive Officer | 15.9yrs | US$3.15m | 0.014% $3.0m | |
| COO & Senior VP | 5.9yrs | no data | no data | |
| Senior VP | 0yrs | no data | no data | |
| Chief Sales Officer & Senior VP of Sales | 12.6yrs | US$2.36m | no data | |
| Managing Director of UK | 11.7yrs | no data | no data | |
| Vice President of Accounting & Shared Services | 16.9yrs | no data | no data | |
| Vice President of Finance | 0yrs | no data | no data |
11.7yrs
Average Tenure
50yo
Average Age
Experienced Management: CPRT's management team is seasoned and experienced (11.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 16.1yrs | US$382.57k | 8.04% $1.7b | |
| CEO & Director | 10yrs | US$156.32k | 3.72% $763.3m | |
| Independent Director | 23.3yrs | US$328.93k | no data | |
| Independent Director | 0.6yrs | US$405.27k | no data | |
| Independent Director | 7.7yrs | US$328.93k | 0.078% $16.0m | |
| Independent Director | 15.9yrs | US$338.93k | 0.000010% $2.1k | |
| Lead Independent Director | 1.3yrs | US$328.93k | 0.15% $30.5m | |
| Independent Director | 11.1yrs | US$328.93k | no data | |
| Independent Director | 0.6yrs | US$405.27k | no data |
11.1yrs
Average Tenure
58yo
Average Age
Experienced Board: CPRT's board of directors are seasoned and experienced ( 11.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CPRT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Copart, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Copart, Inc.
- Ticker: CPRT
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: US$20.540b
- Shares outstanding: 232.45m
- Website: https://www.copart.com
Number of Employees
Location
- Copart, Inc.
- 14185 Dallas Parkway
- Suite 300
- Dallas
- Texas
- 75254
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CPRT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1994 |
| CO6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1994 |
| CPRT * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Mar 1994 |
| C1PR34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
Copart, Inc. provides online auctions and vehicle remarketing services. 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, and fleet operators and dealers, as well as for individual owners. 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; and U-Pull-It service that allows buyer to remove valuable parts, and sell the remaining parts and car body. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the general public. As of September 4, 2019, it operated through approximately 200 locations in 11 countries. Copart, Inc. was founded in 1982 and is headquartered in Dallas, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 00:21 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2020/01/31 |
| Annual Earnings | 2019/07/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.