Copart, Inc.

Copart, Inc.

CPRT

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Market Cap$31.57B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Copart, Inc.Copart, Inc.20.2-18%7.7-

Earnings Call Q3 2026

May 21, 2026 - AI Summary

Q3 FY26 headline performance (mostly solid): Revenue $1.24B (+2.1% YoY), with unit volume down ~2.4% offset by higher average selling prices (+4.6%). Profitability improved: gross profit $572.6M (+3.7%) and gross margin 46.3% (+71 bps). Operating income $464.3M (+2.8%); EPS $0.43 (+2.4%). Capital return continued: 43.4M shares repurchased YTD (~$1.6B); quarter liquidity remains very strong (~$5.5B, all cash/securities, no debt).
Insurance volume headwinds remain, but pricing/returns strong (the key mix story): Global insurance units -2.7% YoY (or -1.9% excluding catastrophic volume). U.S. insurance units -4.2% (or ~-3% excluding catastrophic volume). Management attributes softness to (1) policy mix shifts among carriers, and (2) consumer pullback on coverage / softer claims activity due to higher premiums. Negative/surprising datapoint: earned car years (ISS Fast Track) -4% YoY in 4Q25 while vehicles in operation +1.4% → declining insurance coverage despite a growing fleet.
Big positive: auction economics improving for insurers/sellers (ASP up at record levels): Despite volume softness, U.S. insurance ASPs +4.1% YoY, reaching a seasonally adjusted all-time record high in Q3. International buyers are a major driver: they represent >1/3 of U.S. volume and nearly half of U.S. auction proceeds; demand is resilient via buyer/corridor diversification (even when certain regions moderated due to conflict). Management also emphasizes their role in raising “total loss frequency” economics—viewing it not as passive tailwind but as a responsibility they actively enable through better auction outcomes.

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$46.50

Target Price by Analysts

51.1% upsideCopart Target Price DetailsTarget Price
$30.74

Current Fair Value

0.1% downside

Overvalued by 0.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$31.57 Billion
Enterprise Value$28.38 Billion
Dividend Yield$- (-)
Earnings per Share$1.61
Beta1.02
Outstanding Shares957,280,000

Return

Return on Equity17.70%ROE
Return on Assets16.10%
Return on Invested Capital20.68%

Valuation & Multiples

P/E Ratio20.2P/E Ratio
PEG-1951.59PEG
Price to Sales7.69Price to Sales
Price to Book Ratio3.42Price to Book Ratio
Enterprise Value to Revenue6.12
Enterprise Value to EBIT15.31
Enterprise Value to Net Income18
Total Debt to Enterprise0.01
Debt to Equity0.02Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 28, 2026
EPS Estimate
$0.42
Average shareholder expectation
Revenue Estimate
$1.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
September 3, 2026
EPS Estimate
$0.38
Average shareholder expectation
Revenue Estimate
$1.15 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0343▲ 25.55%
Total Calls1,985,800▼ 0.89%
Total Puts2,053,930▲ 31.63%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %76.70%▼ 4.44%
Total Invested$24.62B▼ 19.91%
Investors Holding1,101▼ 68.00%

ESG Score

No data

About Copart, Inc.

7,600 employees
CEO: A. Jayson Adair

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart's innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries. The company offers services to pro...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial technical analysis and revenue estimates for all tax legislation. Its work directly shapes the tax policy that the Finance Committee implements, thereby having a significant and direct impact on Copart's corporate tax burden and financial planning.

Finance

This committee controls taxation and trade policy, which are critically important for Copart. Changes in corporate tax rates, depreciation rules for assets, and international trade regulations (e.g., tariffs, export rules) directly impact Copart's profitability and global operations.

Judiciary

As a global leader in online vehicle auctions, Copart operates in a concentrated market. This committee's jurisdiction over antitrust laws is highly relevant for potential market dominance scrutiny, mergers and acquisitions in the sector, and intellectual property rights related to Copart's proprietary platform.

Commerce, Science, and Transportation

Copart operates a significant online platform involved in interstate commerce. This committee's jurisdiction over the FTC directly impacts consumer protection, data privacy, and fair trade practices for online auctions, which are central to Copart's business model.