Copart, Inc.

Copart, Inc.

CPRT

Market Cap$57.22B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Copart, Inc.Copart, Inc.41.1-18%14.9-

Earnings Call Q1 2025

November 21, 2024 - AI Summary

Strong Growth in Insurance Business: Copart's insurance business experienced a 13% growth in unit volume year-over-year for the first quarter of fiscal 2025, with total loss frequency rising to 21.7%. This increase in total loss frequency has been a key driver for their growth and was bolstered by their response to recent hurricanes, particularly Hurricanes Helene and Milton, allowing them to significantly increase vehicle pick-up and processing efficiency.
Proactive Response to Catastrophic Events: The company demonstrated its enhanced preparation and operational infrastructure by efficiently managing the aftermath of back-to-back hurricanes in late September and early October 2024, achieving twice as many vehicle pickups as during Hurricane Ian in 2022. About 75% of catastrophic units sold in Florida during October were processed through Copart, showcasing their market dominance in recovery operations during disasters.
Challenges with Cost Increases: Facility-related costs increased by $88 million (22%) in the first quarter, impacted by $29 million in costs associated with the hurricanes. While there’s a normalization in per unit costs (up 4% YOY excluding hurricane-related costs), higher operational expenses raise concerns about maintaining margins amidst ongoing growth investments.

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$26.26

Current Fair Value

56.1% downside

Overvalued by 56.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$57.22 Billion
Enterprise Value$53.75 Billion
Dividend Yield$0 (0%)
Earnings per Share$1.42
Beta1.33
Outstanding Shares963,176,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio41.08
PEG462.1
Price to Sales14.94
Price to Book Ratio7.47
Enterprise Value to Revenue12.32
Enterprise Value to EBIT33
Enterprise Value to Net Income38
Total Debt to Enterprise0
Debt to Equity0.03

Revenue Sources

No data

Insider Trades

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...