NasdaqGS:CPRT

Stock Analysis Report

Executive Summary

Copart, Inc. provides online auctions and vehicle remarketing services.

Snowflake

Fundamentals

Flawless balance sheet with outstanding 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


Market Performance


7 Day Return

1.7%

CPRT

1.6%

US Commercial Services

0.07%

US Market


1 Year Return

66.8%

CPRT

21.0%

US Commercial Services

8.9%

US Market

Return vs Industry: CPRT exceeded the US Commercial Services industry which returned 21% over the past year.

Return vs Market: CPRT exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

CPRTIndustryMarket
7 Day1.7%1.6%0.07%
30 Day0.7%2.5%-0.3%
90 Day4.7%2.9%-1.6%
1 Year66.8%66.8%25.6%21.0%11.3%8.9%
3 Year213.9%213.9%74.2%62.3%46.3%36.8%
5 Year401.4%401.4%103.5%83.0%62.1%44.3%

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?

32.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CPRT ($83.13) is trading above our estimate of fair value ($54.77)

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 (32.4x) compared to the Commercial Services industry average (25.5x).

PE vs Market: CPRT is poor value based on its PE Ratio (32.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CPRT is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: CPRT is overvalued based on its PB Ratio (10.7x) 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?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPRT's forecast earnings growth (10.2% per year) is above the savings rate (2.7%).

Earnings vs Market: CPRT's earnings (10.2% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: CPRT's revenue (10.3% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: CPRT's revenue (10.3% 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?

22.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CPRT's earnings have grown significantly by 22% per year over the past 5 years.

Accelerating Growth: CPRT's earnings growth over the past year (41.6%) exceeds its 5-year average (22% per year).

Earnings vs Industry: CPRT earnings growth over the past year (41.6%) exceeded the Commercial Services industry -2.4%.


Return on Equity

High ROE: CPRT's Return on Equity (33.3%) is considered high.


Return on Assets

ROA vs Industry: CPRT has a higher Return on Assets than the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: CPRT has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Copart's financial position?


Financial Position Analysis

Short Term Liabilities: CPRT's short term assets ($687.2M) exceeds its short term liabilities ($282.0M)

Long Term Liabilities: CPRT's short term assets (687.2M) exceeds its long term liabilities (487.2M)


Debt to Equity History and Analysis

Debt Level: CPRT's debt to equity ratio (22.6%) is considered satisfactory

Reducing Debt: CPRT's debt to equity ratio has reduced from 30.3% to 22.6% over the past 5 years.

Debt Coverage: CPRT's debt is well covered by operating cash flow (161.2%).

Interest Coverage: CPRT's interest payments on its debt are well covered by EBIT (40.7x 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 1.712650x debt).


Next Steps

Dividend

What is Copart's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Copart's salary, the management and board of directors tenure and is there insider trading?

10.5yrs

Average management tenure


CEO

Jay Adair (50yo)

9.7yrs

Tenure

US$203,005

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 ($USD203.01K) is below average for companies of similar size in the US market ($USD11.18M).

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


Management Age and Tenure

10.5yrs

Average Tenure

51.5yo

Average Age

Experienced Management: CPRT's management team is seasoned and experienced (10.5 years average tenure).


Board Age and Tenure

13.0yrs

Average Tenure

58yo

Average Age

Experienced Board: CPRT's board of directors are seasoned and experienced ( 13 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$13,376,62824 Jun 19
A. Adair
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares179,461
Max PriceUS$74.54
SellUS$3,287,45618 Jun 19
A. Adair
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares43,997
Max PriceUS$74.72

Ownership Breakdown


Management Team

  • Willis Johnson (72yo)

    Founder & Executive Chairman

    • Tenure: 15.8yrs
    • Compensation: US$769.70k
  • Jay Adair (50yo)

    CEO & Director

    • Tenure: 9.7yrs
    • Compensation: US$203.01k
  • Paul Styer (63yo)

    Assistant Secretary

    • Tenure: 3.3yrs
    • Compensation: US$2.37m
  • Simon Rote (47yo)

    Vice President of Accounting & Shared Services

    • Tenure: 16.6yrs
  • Will Franklin (63yo)

    Senior Advisor to the Chief Executive Officer

    • Tenure: 15.6yrs
    • Compensation: US$3.02m
  • Robert Vannuccini (53yo)

    Chief Sales Officer & Senior VP of Sales

    • Tenure: 12.3yrs
    • Compensation: US$2.36m
  • Jeff Liaw (42yo)

    President & CFO

    • Tenure: 0.08yrs
    • Compensation: US$1.62m
  • Nigel Paget

    Managing Director of UK

    • Tenure: 11.3yrs
  • Sean Eldridge (49yo)

    COO & Senior VP

    • Tenure: 5.6yrs
  • Gregory Depasquale

    Senior VP

    • Tenure: 0yrs

Board Members

  • Willis Johnson (72yo)

    Founder & Executive Chairman

    • Tenure: 15.8yrs
    • Compensation: US$769.70k
  • Jay Adair (50yo)

    CEO & Director

    • Tenure: 9.7yrs
    • Compensation: US$203.01k
  • James Meeks (70yo)

    Independent Director

    • Tenure: 23yrs
    • Compensation: US$504.95k
  • Diane Morefield (60yo)

    Director

    • Tenure: 0.3yrs
  • Tom Tryforos (60yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$504.95k
  • Steven Cohan (58yo)

    Independent Director

    • Tenure: 15.6yrs
    • Compensation: US$514.95k
  • Dan Englander (50yo)

    Independent Director

    • Tenure: 13yrs
    • Compensation: US$504.95k
  • Matt Blunt (48yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$504.95k
  • Steve Fisher (54yo)

    Director

    • Tenure: 0.3yrs

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$19.307b
  • Shares outstanding: 232.25m
  • 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

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 Inte ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:35
End of Day Share Price2019/10/22 00:00
Earnings2019/07/31
Annual Earnings2019/07/31


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.