Copart, Inc. (CPRT) 10-Year Financial Performance & Capital Metrics

CPRT • • Industrial / General

Consumer CyclicalAuto DealershipsDigital Automotive MarketplacesOnline Vehicle Auctions

AboutCopart, 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.Show more

Revenue $4.65B +9.7%
EBITDA $1.91B +8.5%
Net Income $1.55B +13.9%
EPS (Diluted) 1.59 +13.6%
Gross Margin 45.18% +0.4%
EBITDA Margin 41.16% -1.1%
Operating Margin 36.51% -1.6%
Net Margin 33.41% +3.8%
ROE 18.53% -8.0%
ROIC 20.07% -3.8%
Debt/Equity 0.01 -28.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 20.7%
✓Strong 5Y profit CAGR of 17.3%
✓FCF machine: 26.5% free cash flow margin
✓Strong 5Y sales CAGR of 16.1%
✓Healthy 5Y average net margin of 32.7%

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.03%

5Y16.07%

3Y9.9%

TTM6.69%

Profit (Net Income) CAGR

10Y21.59%

5Y17.27%

3Y12.51%

TTM14.47%

EPS CAGR

10Y22.44%

5Y16.85%

3Y12.06%

TTM15.49%

ROCE

10Y Avg28.38%

5Y Avg26.16%

3Y Avg22.95%

Latest19.72%

Peer Comparison

Online Vehicle Auctions

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KAROPENLANE, Inc.	3.33B	31.30	69.56	8.72%	8.82%	8.36%	7.17%	0.21
CPRTCopart, Inc.	39.93B	41.25	25.94	9.68%	34.24%	16.57%	3.08%	0.01
ACVAACV Auctions Inc.	1.55B	8.98	-18.71	32.4%	-9.89%	-16.74%	3.94%	0.28

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	1.27B	1.45B	1.81B	2.04B	2.21B	2.69B	3.5B	3.87B	4.24B	4.65B
Revenue Growth %	0.11%	0.14%	0.25%	0.13%	0.08%	0.22%	0.3%	0.11%	0.09%	0.1%
Cost of Goods Sold+	723.86M	815.95M	1.04B	1.14B	1.2B	1.35B	1.89B	2.13B	2.33B	2.55B
COGS % of Revenue	0.57%	0.56%	0.58%	0.56%	0.54%	0.5%	0.54%	0.55%	0.55%	0.55%
Gross Profit+	544.59M	632.03M	762.37M	898.34M	1.01B	1.34B	1.61B	1.74B	1.91B	2.1B
Gross Margin %	0.43%	0.44%	0.42%	0.44%	0.46%	0.5%	0.46%	0.45%	0.45%	0.45%
Gross Profit Growth %	0.13%	0.16%	0.21%	0.18%	0.12%	0.33%	0.2%	0.08%	0.1%	0.1%
Operating Expenses+	138.12M	200.43M	178.02M	181.87M	191.7M	206.66M	231.22M	250.42M	335.23M	402.93M
OpEx % of Revenue	0.11%	0.14%	0.1%	0.09%	0.09%	0.08%	0.07%	0.06%	0.08%	0.09%
Selling, General & Admin	138.12M	151.36M	176.89M	181.87M	191.7M	206.66M	231.22M	250.42M	335.23M	348.96M
SG&A % of Revenue	0.11%	0.1%	0.1%	0.09%	0.09%	0.08%	0.07%	0.06%	0.08%	0.08%
Research & Development	29.8M	19.4M	15.5M	0	0	0	0	0	0	0
R&D % of Revenue	0.02%	0.01%	0.01%	-	-	-	-	-	-	-
Other Operating Expenses	-29.8M	29.66M	-14.37M	0	0	0	0	0	0	53.97M
Operating Income+	406.47M	461.3M	584.35M	716.48M	816.1M	1.14B	1.37B	1.49B	1.57B	1.7B
Operating Margin %	0.32%	0.32%	0.32%	0.35%	0.37%	0.42%	0.39%	0.38%	0.37%	0.37%
Operating Income Growth %	0.18%	0.13%	0.27%	0.23%	0.14%	0.39%	0.21%	0.08%	0.06%	0.08%
EBITDA+	455.05M	518.3M	662.94M	801.81M	920.36M	1.26B	1.51B	1.65B	1.76B	1.91B
EBITDA Margin %	0.36%	0.36%	0.37%	0.39%	0.42%	0.47%	0.43%	0.43%	0.42%	0.41%
EBITDA Growth %	0.14%	0.14%	0.28%	0.21%	0.15%	0.37%	0.2%	0.09%	0.07%	0.09%
D&A (Non-Cash Add-back)	48.58M	57M	78.6M	85.33M	104.26M	121.97M	137.99M	159.48M	190.26M	215.85M
EBIT	419.47M	463.88M	582.88M	722.54M	816.1M	1.14B	1.37B	1.49B	1.57B	1.9B
Net Interest Income+	-22.16M	-22.37M	-19.07M	-17.59M	-18.87M	-20.25M	-16.69M	65.93M	145.67M	178.91M
Interest Income	1.45M	1.41M	1.29M	2.23M	1.36M	0	0	65.93M	145.67M	178.91M
Interest Expense	23.61M	23.78M	20.37M	19.81M	20.23M	20.25M	16.69M	0	0	0
Other Income/Expense	-10.61M	-21.2M	-21.83M	-11.52M	-15.26M	-14.58M	-34.04M	67.76M	142.58M	198.87M
Pretax Income+	395.87M	440.1M	562.51M	704.95M	800.84M	1.12B	1.34B	1.55B	1.71B	1.9B
Pretax Margin %	0.31%	0.3%	0.31%	0.35%	0.36%	0.42%	0.38%	0.4%	0.4%	0.41%
Income Tax+	125.5M	45.84M	144.5M	113.26M	100.93M	185.35M	250.82M	316.59M	352.25M	347.22M
Effective Tax Rate %	0.68%	0.9%	0.74%	0.84%	0.87%	0.83%	0.81%	0.8%	0.79%	0.82%
Net Income+	270.36M	394.23M	417.87M	591.69M	699.91M	936.5M	1.09B	1.24B	1.36B	1.55B
Net Margin %	0.21%	0.27%	0.23%	0.29%	0.32%	0.35%	0.31%	0.32%	0.32%	0.33%
Net Income Growth %	0.23%	0.46%	0.06%	0.42%	0.18%	0.34%	0.16%	0.14%	0.1%	0.14%
Net Income (Continuing)	270.36M	394.26M	418.01M	591.69M	699.91M	936.5M	1.09B	1.24B	1.36B	1.55B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	534K	0	0	0	0	0	0	24.54M	20.46M
EPS (Diluted)+	0.28	0.42	0.43	0.62	0.73	0.97	1.13	1.28	1.40	1.59
EPS Growth %	0.33%	0.5%	0.02%	0.44%	0.18%	0.33%	0.16%	0.13%	0.09%	0.14%
EPS (Basic)	0.30	0.43	0.45	0.64	0.75	0.99	1.15	1.30	1.42	1.61
Diluted Shares Outstanding	977.18M	948.08M	967.51M	961.81M	954.62M	961.16M	964.6M	966.65M	974.8M	977.56M
Basic Shares Outstanding	915.38M	914.74M	927.17M	921.96M	932.81M	945.01M	949.68M	953.57M	960.74M	965.31M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	499.31M	587.26M	709.12M	687.17M	963.76M	1.7B	2.2B	3.26B	4.42B	5.64B
Cash & Short-Term Investments	155.85M	210.1M	274.52M	186.32M	477.72M	1.05B	1.38B	2.36B	3.42B	4.79B
Cash Only	155.85M	210.1M	274.52M	186.32M	477.72M	1.05B	1.38B	957.39M	1.51B	2.78B
Short-Term Investments	0	0	0	0	0	0	0	1.41B	1.91B	2.01B
Accounts Receivable	285.02M	318.26M	366.91M	386.79M	376.95M	500.64M	628.46M	708.61M	785.88M	763.39M
Days Sales Outstanding	82.02	80.23	74.17	69.14	62.38	67.87	65.52	66.84	67.7	59.96
Inventory	10.39M	10.16M	16.73M	20.94M	20.08M	44.97M	58.79M	39.97M	43.64M	39.66M
Days Inventory Outstanding	5.24	4.55	5.85	6.68	6.12	12.16	11.33	6.84	6.84	5.68
Other Current Assets	30.04M	31.12M	34.28M	76.55M	73.68M	94.45M	112.24M	150.03M	166.51M	46.36M
Total Non-Current Assets+	1.15B	1.4B	1.6B	1.86B	2.49B	2.86B	3.11B	3.48B	4.01B	4.45B
Property, Plant & Equipment	816.79M	944.06M	1.16B	1.43B	2.06B	2.42B	2.6B	2.95B	3.29B	3.7B
Fixed Asset Turnover	1.55x	1.53x	1.55x	1.43x	1.07x	1.11x	1.35x	1.31x	1.29x	1.26x
Goodwill	260.2M	340.24M	337.24M	333.32M	343.62M	355.72M	401.95M	394.29M	513.91M	517.78M
Intangible Assets	11.76M	75.94M	64.89M	55.16M	47.77M	45.87M	54.68M	62.7M	74.09M	62.83M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	38.26M	33.72M	32.56M	43.84M	39.72M	41.83M	47.71M	65.81M	129.44M	174.01M
Total Assets+	1.65B	1.98B	2.31B	2.55B	3.46B	4.56B	5.31B	6.74B	8.43B	10.09B
Asset Turnover	0.77x	0.73x	0.78x	0.80x	0.64x	0.59x	0.66x	0.57x	0.50x	0.46x
Asset Growth %	-0.08%	0.2%	0.16%	0.1%	0.36%	0.32%	0.16%	0.27%	0.25%	0.2%
Total Current Liabilities+	278.78M	302.15M	277.26M	282M	356.04M	421.03M	440.89M	492.77M	628.57M	683.28M
Accounts Payable	76.95M	71.16M	133.72M	113.95M	132.92M	163.24M	187.17M	180.02M	193.33M	214.4M
Days Payables Outstanding	38.8	31.83	46.78	36.37	40.5	44.15	36.06	30.81	30.29	30.72
Short-Term Debt	76.15M	82.16M	1.15M	1.14M	0	0	0	0	0	19.87M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	33.38M	31.27M	37.22M	40.26M	42.05M	50.69M	47.21M	50.91M	64.04M	277.71M
Current Ratio	1.79x	1.94x	2.56x	2.44x	2.71x	4.04x	5.00x	6.62x	7.03x	8.25x
Quick Ratio	1.75x	1.91x	2.50x	2.36x	2.65x	3.94x	4.86x	6.54x	6.96x	8.19x
Cash Conversion Cycle	48.45	52.94	33.24	39.45	28	35.88	40.79	42.87	44.25	34.92
Total Non-Current Liabilities+	596.58M	581.75M	449.34M	487.23M	609.7M	611.91M	242.38M	257.67M	250.64M	200.13M
Long-Term Debt	564.34M	550.88M	398.75M	400.09M	396.9M	397.64M	2M	10.9M	0	0
Capital Lease Obligations	0	912K	14K	0	96.15M	97.96M	95.68M	88.08M	97.43M	83.87M
Deferred Tax Liabilities	3.82M	3.19M	19.73M	48.68M	71.69M	63.97M	80.06M	89.49M	93.65M	80.63M
Other Non-Current Liabilities	28.42M	26.76M	30.85M	38.46M	44.97M	52.34M	64.64M	69.19M	59.56M	35.63M
Total Liabilities	875.36M	883.9M	726.6M	769.24M	965.75M	1.03B	683.26M	750.44M	879.21M	883.41M
Total Debt+	640.49M	633.04M	399.9M	402.37M	518.62M	518.07M	119.47M	120.45M	118.73M	103.74M
Net Debt	484.64M	422.94M	125.38M	216.05M	40.9M	-530.19M	-1.26B	-836.94M	-1.4B	-2.68B
Debt / Equity	0.83x	0.58x	0.25x	0.23x	0.21x	0.15x	0.03x	0.02x	0.02x	0.01x
Debt / EBITDA	1.41x	1.22x	0.60x	0.50x	0.56x	0.41x	0.08x	0.07x	0.07x	0.05x
Net Debt / EBITDA	1.07x	0.82x	0.19x	0.27x	0.04x	-0.42x	-0.84x	-0.51x	-0.79x	-1.40x
Interest Coverage	17.22x	19.40x	28.69x	36.17x	40.34x	56.13x	82.39x	-	-	-
Total Equity+	774.46M	1.1B	1.58B	1.78B	2.49B	3.53B	4.63B	5.99B	7.55B	9.21B
Equity Growth %	-0.2%	0.42%	0.44%	0.12%	0.4%	0.42%	0.31%	0.29%	0.26%	0.22%
Book Value per Share	0.79	1.16	1.63	1.85	2.61	3.67	4.80	6.19	7.74	9.42
Total Shareholders' Equity	774.46M	1.1B	1.58B	1.78B	2.49B	3.53B	4.63B	5.99B	7.52B	9.19B
Common Stock	11K	23K	23K	23K	24K	24K	96K	96K	96K	97K
Retained Earnings	491.19M	745.37M	1.16B	1.34B	1.94B	2.87B	3.96B	5.19B	6.55B	8.09B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-109.19M	-100.68M	-107.93M	-132.53M	-121.09M	-100.86M	-169.37M	-141.01M	-142.97M	-120.28M
Minority Interest	0	534K	0	0	0	0	0	0	24.54M	20.46M

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	332.5M	492.06M	535.07M	646.65M	915.07M	990.89M	1.18B	1.36B	1.47B	1.8B
Operating CF Margin %	0.26%	0.34%	0.3%	0.32%	0.41%	0.37%	0.34%	0.35%	0.35%	0.39%
Operating CF Growth %	0.25%	0.48%	0.09%	0.21%	0.42%	0.08%	0.19%	0.16%	0.08%	0.22%
Net Income	270.36M	394.26M	418.01M	591.69M	699.91M	936.5M	1.09B	1.24B	1.36B	1.55B
Depreciation & Amortization	49.64M	57.44M	79.04M	85.33M	104.26M	123.08M	138.6M	159.68M	190.26M	215.85M
Stock-Based Compensation	20.86M	20.84M	23.22M	23.45M	23.32M	40.92M	38.97M	39.67M	35.23M	38M
Deferred Taxes	5.74M	19.9M	16.72M	23.17M	23.08M	-7.95M	17.02M	9.95M	-847K	-13.44M
Other Non-Cash Items	2.02M	20.41M	6.29M	-3.08M	1.16M	-5.84M	17.45M	5.45M	-289K	-11.59M
Working Capital Changes	-16.13M	-20.79M	-8.21M	-73.91M	66.16M	-95.82M	-125.49M	-88.28M	-114.14M	22.56M
Change in Receivables	-54.21M	-38.54M	-40.34M	-60.81M	15.99M	-127.51M	-97.75M	-123.21M	-145.38M	-33.95M
Change in Inventory	-2.51M	1.29M	-3.96M	-4.72M	1.35M	-24.6M	-10.85M	26.55M	-3.7M	4.66M
Change in Payables	48.35M	4.27M	53.32M	11.13M	41.65M	44.61M	36.31M	18.01M	59.53M	69.6M
Cash from Investing+	-172.88M	-335.79M	-288.48M	-356.27M	-601.21M	-465.47M	-442.31M	-1.89B	-940.08M	-587.45M
Capital Expenditures	-173.92M	-172.18M	-296.7M	-374.63M	-603.67M	-463M	-337.45M	-516.64M	-510.99M	-568.99M
CapEx % of Revenue	0.14%	0.12%	0.16%	0.18%	0.27%	0.17%	0.1%	0.13%	0.12%	0.12%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	100K	105K	6.42M	19.11M	14.17M	2.53M	4.33M	31.18M	4.17M	-1.22M
Cash from Financing+	-448.5M	-106.97M	-182.04M	-370.3M	-24.6M	40.92M	-382.69M	66.61M	19.27M	52.11M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	15.43M	-135.43M	-1.35M	-46.89M	-103.45M	-6.14M	-3.14M	-4.71M	-6.56M	-5.28M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	158.58M	319.88M	238.37M	272.02M	314.21M	527.89M	839.24M	847.57M	961.57M	1.23B
FCF Margin %	0.13%	0.22%	0.13%	0.13%	0.14%	0.2%	0.24%	0.22%	0.23%	0.26%
FCF Growth %	-0.15%	1.02%	-0.25%	0.14%	0.16%	0.68%	0.59%	0.01%	0.13%	0.28%
FCF per Share	0.16	0.34	0.25	0.28	0.33	0.55	0.87	0.88	0.99	1.26
FCF Conversion (FCF/Net Income)	1.23x	1.25x	1.28x	1.09x	1.31x	1.06x	1.08x	1.10x	1.08x	1.16x
Interest Paid	23.61M	23.22M	20.34M	19.29M	19.73M	19.72M	18.54M	2.61M	3.13M	2.02M
Taxes Paid	127.98M	14.01M	142.16M	82.45M	83.77M	178.24M	263.23M	257.51M	285.89M	409M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	31.1%	42.09%	31.19%	35.23%	32.8%	31.12%	26.74%	23.32%	20.14%	18.53%
Return on Invested Capital (ROIC)	25.28%	24.88%	27.15%	29.04%	27.05%	30.83%	32.43%	26.2%	20.86%	20.07%
Gross Margin	42.93%	43.65%	42.22%	43.99%	45.69%	49.88%	45.88%	44.89%	45.02%	45.18%
Net Margin	21.31%	27.23%	23.14%	28.98%	31.73%	34.78%	31.14%	31.99%	32.17%	33.41%
Debt / Equity	0.83x	0.58x	0.25x	0.23x	0.21x	0.15x	0.03x	0.02x	0.02x	0.01x
Interest Coverage	17.22x	19.40x	28.69x	36.17x	40.34x	56.13x	82.39x	-	-	-
FCF Conversion	1.23x	1.25x	1.28x	1.09x	1.31x	1.06x	1.08x	1.10x	1.08x	1.16x
Revenue Growth	10.68%	14.15%	24.7%	13.08%	8.01%	22.08%	30.02%	10.53%	9.49%	9.68%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Service	-	-	1.58B	1.76B	1.95B	2.29B	2.85B	3.2B	3.56B	3.97B
Service Growth	-	-	-	11.23%	10.90%	17.70%	24.49%	12.10%	11.35%	11.45%
Product	-	-	227.19M	286.26M	258.44M	400.64M	647.88M	671.39M	675.82M	678.3M
Product Growth	-	-	-	26.00%	-9.72%	55.02%	61.71%	3.63%	0.66%	0.37%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	1.02B	1.19B	1.49B	1.66B	1.86B	2.27B	2.95B	3.19B	3.46B	3.86B
UNITED STATES Growth	-	17.44%	24.96%	11.10%	12.32%	22.11%	29.62%	8.30%	8.62%	11.27%
International	252.41M	254.79M	314.67M	385.39M	344.9M	420.44M	555.77M	679.87M	772.09M	791.85M
International Growth	-	0.94%	23.50%	22.47%	-10.51%	21.90%	32.19%	22.33%	13.56%	2.56%

Frequently Asked Questions

Valuation & Price

Copart, Inc. (CPRT) has a price-to-earnings (P/E) ratio of 25.9x. This suggests investors expect higher future growth.

Growth & Financials

Copart, Inc. (CPRT) reported $4.66B in revenue for fiscal year 2025. This represents a 404% increase from $924.2M in 2012.

Copart, Inc. (CPRT) grew revenue by 9.7% over the past year. This is steady growth.

Yes, Copart, Inc. (CPRT) is profitable, generating $1.59B in net income for fiscal year 2025 (33.4% net margin).

Dividend & Returns

Copart, Inc. (CPRT) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.

Copart, Inc. (CPRT) generated $1.41B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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