Copart Inc (CPRT) stock analysis
Close on Nov 11, 2026Market cap $29.80BP/E 20.8Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Copart passes 10 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 2/6
- Growth
- 0/6
- Past performance
- 2/6
- Financial health
- 6/6
- Dividend
- 0/6
What stands out
No debt
Copart has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 9.6% a year on average over the last five fiscal years.
Interest well covered
No meaningful interest expense to cover.
Debt covered by cash flow
There is no debt to cover.
What to watch
Margin of safety under 20%
The price is 1.9% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $32.17 is above our fair value estimate of $31.58.
Revenue growing under 10% a year
Revenue grew 6.4% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.6% a year over the last three fiscal years.
Valuation2/6
P/E below its 5-year median
Copart's P/E of 20.8 is below its own 5-year median of 32.0.
P/E above the industry
Copart's P/E of 20.8 is above the Retail-auto dealers & gasoline stations median of 12.5.
EV/EBITDA below its 5-year median
Copart's EV/EBITDA of 14.8 is below its 5-year median of 23.3.
P/S above the industry
Copart's price-to-sales of 6.39 is above the Retail-auto dealers & gasoline stations median of 0.28 (book value is negative, so we use sales).
Trading above fair value
The share price of $32.17 is above our fair value estimate of $31.58.
Margin of safety under 20%
The price is 1.9% above fair value, so there is no margin of safety.
Growth0/6
Revenue growing under 10% a year
Revenue grew 6.4% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.6% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -4.4% over the last twelve months, against a 5-year average of 9.6% a year.
Growing slower than the industry
Revenue grew 0.4% over the last twelve months; the Retail-auto dealers & gasoline stations median is 1.5%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings grew over 5 years
Net income grew 9.6% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 31.8% over the last twelve months, against a 5-year average of 32.1%.
Net margin above the industry
Copart's net margin of 31.8% is above the Retail-auto dealers & gasoline stations median of 2.6%.
Financial health6/6
No debt
Copart has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 7.91 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 22.27; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Copart has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$31.58
The share price is 2% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 22.3× | 32.0× | 12.5× | $34.61 | 44% |
| EV/EBITDA | 16.1× | 23.3× | 8.7× | $34.73 | 39% |
| Earnings power | 9.4% cost of equity | – | – | $16.17 | 17% |
| Fair value | $31.58 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 32.0
- Retail-auto dealers & gasoline stations median 12.5
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $333.28M
- Value traded per 1% price move
- $173.67M
Downside
Medium risk
- Typical loss in a bad month
- 16.8%
- Volatility (annualized)
- 33%
- Sharpe ratio, 1 year
- -0.81
- Beta to the S&P 500 (5Y)
- 0.91
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.4% | +6.4% | +11.6% | +13.9% | |
| Operating income | -2.6% | +3.6% | +7.8% | +15.1% | |
| Net income | -4.4% | +6.2% | +9.6% | +18.6% | |
| EPS, diluted | -2.5% | +6.6% | +9.8% | +18.8% | |
| Free cash flow | +3.0% | +14.3% | +19.1% | +23.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 42.1% | 31.1% | – | |
| Return on assets | 21.7% | 23.4% | 14.8% | |
| Current ratio | 1.94 | 4.04 | 7.91 | |
| Debt to equity | 0.58 | 0.11 | – | |
| Net debt to EBITDA | 0.82× | -0.52× | – | |
| Interest coverage | 19.4× | – | – | |
| Inventory turnover | 13.4× | – | – | |
| Capex to revenue | 11.9% | 17.2% | 7.2% | |
| Diluted shares | 948M | 961M | 957M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Copart generated $7.42B from operations and spent $3.90B on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 32.0% | 0.64× | 1.14× | 23.3% |
| FY2022 | 31.1% | 0.71× | 1.21× | 26.7% |
| FY2021 | 34.8% | 0.67× | 1.33× | 31.1% |
| FY2020 | 31.7% | 0.73× | 1.41× | 32.8% |
| FY2019 | 29.0% | 0.84× | 1.45× | 35.2% |
| FY2018 | 23.1% | 0.84× | 1.60× | 31.2% |
| FY2017 | 27.2% | 0.80× | 1.94× | 42.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero$1.48B
- Cash generatingOperating cash flow above zero$1.60B
- Return on assets improvedROA up on the prior year18.4% → 14.7%
- Earnings backed by cashOperating cash flow above net income$1.60B vs $1.48B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose8.42 → 7.91
- No dilutionShare count did not rise978M → 957M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.55 → 0.46
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