NasdaqGS:CPRT

Stock Analysis Report

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Executive Summary

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. More Details

Rewards

Earnings are forecast to grow 10.51% per year

Risk Analysis

No risks detected for CPRT from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CPRT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

CPRT

0.2%

US Commercial Services

2.8%

US Market


1 Year Return

29.4%

CPRT

12.4%

US Commercial Services

20.9%

US Market

Return vs Industry: CPRT exceeded the US Commercial Services industry which returned 12.3% over the past year.

Return vs Market: CPRT exceeded the US Market which returned 20.7% over the past year.


Shareholder returns

CPRTIndustryMarket
7 Day0.6%0.2%2.8%
30 Day3.5%10.8%11.1%
90 Day10.7%6.6%6.5%
1 Year29.4%29.4%14.2%12.4%23.6%20.9%
3 Year167.9%167.9%55.2%45.4%47.3%37.6%
5 Year490.2%490.2%123.2%100.7%94.3%72.9%

Long-Term 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

Valuation

Is Copart undervalued compared to its fair value and its price relative to the market?

39.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CPRT ($115.21) is trading above our estimate of fair value ($49.38)

Significantly Below Fair Value: CPRT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CPRT is poor value based on its PE Ratio (39.6x) compared to the US Commercial Services industry average (26.7x).

PE vs Market: CPRT is poor value based on its PE Ratio (39.6x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CPRT is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: CPRT is overvalued based on its PB Ratio (10x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

How is Copart forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPRT's forecast earnings growth (10.5% per year) is above the savings rate (2.2%).

Earnings vs Market: CPRT's earnings (10.5% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: CPRT's earnings are forecast to grow, but not significantly.

Revenue vs Market: CPRT's revenue (8% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CPRT's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPRT's Return on Equity is forecast to be high in 3 years time (22.4%)


Next Steps

Past Performance

How has Copart performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPRT has high quality earnings.

Growing Profit Margin: CPRT's current net profit margins (30.4%) are lower than last year (32.6%).


Past Earnings Growth Analysis

Earnings Trend: CPRT's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: CPRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CPRT had negative earnings growth (-2%) over the past year, making it difficult to compare to the Commercial Services industry average (-5.9%).


Return on Equity

High ROE: CPRT's Return on Equity (25.2%) is considered high.


Next Steps

Financial Health

How is Copart's financial position?


Financial Position Analysis

Short Term Liabilities: CPRT's short term assets ($1.1B) exceed its short term liabilities ($407.5M).

Long Term Liabilities: CPRT's short term assets ($1.1B) exceed its long term liabilities ($622.8M).


Debt to Equity History and Analysis

Debt Level: CPRT's debt to equity ratio (15.2%) is considered satisfactory.

Reducing Debt: CPRT's debt to equity ratio has reduced from 62.2% to 15.2% over the past 5 years.

Debt Coverage: CPRT's debt is well covered by operating cash flow (234.1%).

Interest Coverage: CPRT's interest payments on its debt are well covered by EBIT (43.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Copart 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 recent payouts.

High Dividend: Unable to evaluate CPRT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

4.3yrs

Average management tenure


CEO

Jay Adair (51 yo)

10.67yrs

Tenure

US$25,766,923

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 ($USD25.77M) is above average for companies of similar size in the US market ($USD10.83M).

Compensation vs Earnings: Jay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Willis Johnson
Founder & Executive Chairman16.83yrsUS$617.38k7.39%
$ 2.0b
A. Adair
CEO & Director10.67yrsUS$25.77m3.75%
$ 1.0b
Jeffrey Liaw
President1.17yrsUS$4.35m0.0043%
$ 1.2m
John North
Senior VP & CFO0.083yrno datano data
Steve Powers
Chief Operating Officer0.083yrno datano data
Gregory Depasquale
Senior VPno datano datano data
Robert Vannuccini
Chief Sales Officer & Senior VP of Sales13.33yrsUS$2.36mno data
Scott Booker
Chief Marketing & Product Officer0.083yrno datano data
Nigel Paget
Managing Director of UK12.42yrsno datano data
Simon Rote
Vice President of Accounting & Shared Services17.67yrsno datano data
Darren Hart
Vice President of Financeno datano datano data
Paul Styer
Assistant Secretary4.33yrsUS$2.37mno data

4.3yrs

Average Tenure

51yo

Average Age

Experienced Management: CPRT's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Willis Johnson
Founder & Executive Chairman16.83yrsUS$617.38k7.39%
$ 2.0b
A. Adair
CEO & Director10.67yrsUS$25.77m3.75%
$ 1.0b
James Meeks
Independent Director24.08yrsUS$541.90k0%
$ 0
Diane Morefield
Independent Director1.33yrsUS$70.00k0%
$ 0
Thomas Tryforos
Independent Director8.42yrsUS$541.90k0.093%
$ 25.4m
Steven Cohan
Independent Director16.67yrsUS$551.90k0.000010%
$ 2.7k
Daniel Englander
Lead Independent Director2.08yrsUS$541.90k0.070%
$ 19.0m
Matt Blunt
Independent Director11.83yrsUS$541.90k0%
$ 0
Stephen Fisher
Independent Director1.33yrsUS$70.00k0%
$ 0

11.8yrs

Average Tenure

59yo

Average Age

Experienced Board: CPRT's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$27.205b
  • Shares outstanding: 236.13m
  • Website: https://www.copart.com

Number of Employees


Location

  • Copart, Inc.
  • 14185 Dallas Parkway
  • Suite 300
  • Dallas
  • Texas
  • 75254
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPRTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1994
CO6DB (Deutsche Boerse AG)YesCommon StockDEEURMar 1994
CPRT *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 1994
C1PR34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLJan 2020

Biography

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, B...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:28
End of Day Share Price2020/11/27 00:00
Earnings2020/10/31
Annual Earnings2020/07/31


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.