📊 CPRT Key Takeaways
Investment Thesis
Copart demonstrates exceptional operational excellence with a 36% operating margin and fortress balance sheet featuring $5.1B cash, zero debt, and a 10x current ratio. The company generates robust free cash flow of $485.1M (21.3% margin) with 9.7% revenue growth and 13.6% EPS growth, indicating strong fundamental momentum and capital efficiency.
CPRT Strengths
- Exceptional profitability with 36.0% operating margin and 33.1% net margin, indicating dominant market position and operational leverage
- Fortress balance sheet with $5.1B cash, zero long-term debt, and 0.00x debt-to-equity ratio providing maximum financial flexibility
- Strong cash generation with $485.1M free cash flow and 21.3% FCF margin demonstrating capital-efficient business model
- Revenue growth acceleration (9.7% YoY) combined with EPS growth of 13.6% YoY shows operational leverage and improving profitability
- Exceptional liquidity metrics (10.06x current ratio, 9.99x quick ratio) with minimal working capital needs
CPRT Risks
- Low gross margin of 11.0% limits profitability per unit despite high operating margins, indicating heavy reliance on operational efficiency
- ROE of 7.7% and ROA of 7.1% suggest limited return on equity despite strong absolute profitability; capital may be underdeployed
- Cyclical exposure to auto market and economic conditions could pressure volumes during downturns despite strong current performance
- Limited insider activity (3 Form 4 filings in 90 days) may indicate limited management stock purchases at current levels
Key Metrics to Watch
- Revenue growth rate sustainability and volume trends in auto remarketing market
- Operating margin expansion or contraction relative to current 36% level
- Free cash flow generation consistency and capital allocation decisions
- Return on equity improvement through capital deployment or buyback programs
CPRT Financial Metrics
💡 AI Analyst Insight
The 21.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 10.06x current ratio provides a solid financial cushion.
CPRT Profitability Ratios
CPRT vs Consumer Sector
How COPART INC compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CPRT Balance Sheet & Liquidity
CPRT 5-Year Financial Trend
5-Year Trend Summary: COPART INC's revenue has grown significantly by 73% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.28 reflects profitable operations.
CPRT Growth Metrics (YoY)
CPRT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $1.1B | $350.7M | $0.36 |
| Q1 2026 | $1.1B | $362.1M | $0.37 |
| Q3 2025 | $1.1B | $382.3M | $0.39 |
| Q2 2025 | $1.0B | $325.6M | $0.33 |
| Q1 2025 | $1.0B | $332.5M | $0.34 |
| Q3 2024 | $1.0B | $350.4M | $0.36 |
| Q2 2024 | $956.7M | $293.7M | $0.30 |
| Q1 2024 | $893.4M | $245.8M | $0.25 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CPRT Capital Allocation
CPRT SEC Filings
Access official SEC EDGAR filings for COPART INC (CIK: 0000900075)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CPRT
What is the AI rating for CPRT?
COPART INC (CPRT) has an AI rating of STRONG BUY with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CPRT's key strengths?
Exceptional profitability with 36.0% operating margin and 33.1% net margin, indicating dominant market position and operational leverage. Fortress balance sheet with $5.1B cash, zero long-term debt, and 0.00x debt-to-equity ratio providing maximum financial flexibility.
What are the risks of investing in CPRT?
Low gross margin of 11.0% limits profitability per unit despite high operating margins, indicating heavy reliance on operational efficiency. ROE of 7.7% and ROA of 7.1% suggest limited return on equity despite strong absolute profitability; capital may be underdeployed.
What is CPRT's revenue and growth?
COPART INC reported revenue of $2.3B.
Does CPRT pay dividends?
COPART INC does not currently pay dividends.
Where can I find CPRT SEC filings?
Official SEC filings for COPART INC (CIK: 0000900075) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CPRT's EPS?
COPART INC has a diluted EPS of $0.77.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.