Copart, Inc.CPRT
NasdaqGS•Industrials•Specialty Business Services
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It offers a range of services to process and sell vehicles over the internet through its virtual bidding third generation internet auction-style sales technology. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and express, loan payoff, flexible vehicle processing programs, buy it now, sales process, and dealer services. Its services also comprise services to sell vehicles through BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; and copart 360, a proprietary technology that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans. In addition, it provides IntelliSeller, an automated tool leveraging its vehicle and sales data to assist its sellers in making vital auction decisions; Purple Wave Inc., that offers wholesale construction, agriculture, and fleet remarketing services through no-reserve online auctions; wholesale powersport vehicle remarketing services through live and online auction platforms. The company sells its products to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas
Copart, Inc. (CPRT) reported trailing twelve months revenue of $4.64B as of April 2026, a 1.0% increase year-over-year. Quarterly revenue reached $1.24B, reflecting continued top-line momentum.
Copart, Inc. generated $1.55B in TTM net income, with quarterly EBITDA of $523.26M. The operating margin expanded from 37.3% to 37.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (37.5%) and net margin (32.5%) indicates moderate non-operating costs. Net margin has narrowed from 33.6% a year ago, reflecting increased costs or interest expense.
CPRT trades at a P/E of 20.1x (in line with broad market averages) and a P/S of 6.7x. The price-to-book ratio of 3.6x reflects a moderate premium to book value.
The company generated $503.31M in free cash flow over the trailing twelve months, a 12.2% decrease year-over-year, indicating cash generation ability. The balance sheet shows $9.65B in total assets with no in long-term debt against $8.77B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~36.1%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 17.2% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~9.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~36.5% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation