Copart, Inc.

Copart, Inc.

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Market Cap$27.73B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Copart, Inc.Copart, Inc.19.2-16%6.3-

Earnings Call Q4 2026

September 10, 2026 - AI Summary

Core growth thesis reiterated (3 pillars) + near-term execution focus - Management emphasized continued growth via (1) international expansion, (2) whole-car expansion domestically, and (3) technology/services investment. - Differentiators stressed: founder mindset / decades-long view, liquidity/marketplace engine (buyer activity), and speed (products in quarters vs. years). - Buyer/liquidity strategy highlighted with data: vehicles sold to newer buyers growing (buyers buying from Copart <1 year rose to 8.9% of FY26 vehicles vs 8.3% FY25; <2 years rose to 21.7% FY26).
Operating environment: units down, but pricing/value power and insurance trends show moderation - Global unit sales down 2.9% YoY in Q4; domestic down 5.7%, international up 10%. - Insurance units down 4.2%, with domestic insurance down 7.5% and international insurance up 11.2% (noted an exception tied to a single domestic customer; otherwise domestic insurance “up 2.3%”). - Collision claim frequency down 3.4% YoY (moderating trend), but severity rising: average collision severity >$6.3k per claim (+8.8% YoY); rental car rates +4.5% YoY. - Vehicle complexity framed as “computers on wheels,” implying total loss frequency likely continues to increase. - Manheim Used Vehicle Value Index up 2.8% YoY in Q4, with management claiming Copart outpaced the index.
Financial results: revenue slightly up, profitability down due to investment and costs - Q4 revenue $1.2B (+2.4% YoY) driven by service revenue +$13M (+1.4%) and purchased vehicle sales +$14M (+8.3%). - FY26 revenue $4.7B (+0.4% YoY); excluding Hurricane impacts from FY25, management says FY26 revenue +2.4%. - Gross profit down: Q4 gross profit $481M (-5.5%); FY26 gross profit $2.1B (-0.8%) (flat ex-cat events); gross margin 41.8% (Q4) and 44.7% (FY). - Operating income down: Q4 $368.9M (-10.6%); FY $1.7B (-2.6%). - Net income down: Q4 net income attributable to Copart $327.4M (-17.4%) (EPS $0.35); FY $1.48B (-4.4%) (EPS $1.55). - Management tied net income weakness mainly to lower interest income after $1.63B deployed into share repurchases plus higher cost investments.

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$35.67

Target Price by Analysts

12.4% upsideCopart Target Price DetailsTarget Price
$21.43

Current Fair Value

32.5% downside

Overvalued by 32.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.73 Billion
Enterprise Value$25.96 Billion
Dividend Yield$- (-)
Earnings per Share$1.56
Beta1.03
Outstanding Shares927,067,000

Return

Return on Equity16.32%ROE
Return on Assets14.80%
Return on Invested Capital19.10%

Valuation & Multiples

P/E Ratio19.2P/E Ratio
PEG-110.39PEG
Price to Sales6.35Price to Sales
Price to Book Ratio3.53Price to Book Ratio
Enterprise Value to Revenue5.56
Enterprise Value to EBIT14.58
Enterprise Value to Net Income17
Total Debt to Enterprise0.01
Debt to Equity0.02Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
September 10, 2026
EPS Estimate
$0.38
Average shareholder expectation
Revenue Estimate
$1.14 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 19, 2026
EPS Estimate
$0.42
Average shareholder expectation
Revenue Estimate
$1.18 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.4864 45.20%
Total Calls1,315,700 33.74%
Total Puts1,955,600 4.79%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %82.52% 3.79%
Total Invested$22.27B 10.94%
Investors Holding1,094 21.00%

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...