Copart, Inc.

CPRT · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994
Valuation
Market cap	$26,960	$43,831	$50,357	$42,201	$30,446	$34,867	$22,118	$18,389	$13,612	$7,469	$5,868	$4,533	$4,193	$4,057	$3,044	$3,280	$3,070	$2,954	$3,832	$2,553	$2,415	$2,207	$1,990	$857	$1,180	$1,555	$714	$641	$282	$223	$195	$197	$110
Enterprise value	$22,575	$39,166	$47,078	$39,957	$29,181	$34,337	$22,159	$18,604	$13,738	$7,893	$6,352	$4,721	$4,337	$4,382	$3,348	$3,582	$2,773	$2,791	$3,811	$2,361	$2,139	$1,955	$1,811	$741	$1,048	$1,540	$711	$611	$274	$205	$193	$187	$96
P/E (TTM) at period end	18.16×	28.23×	36.95×	34.10×	27.93×	37.23×	31.60×	31.08×	32.56×	18.94×	21.70×	20.62×	23.47×	22.54×	16.72×	19.72×	20.25×	20.93×	24.42×	18.72×	24.91×	21.61×	25.11×	14.98×	20.56×	36.42×	24.27×	29.11×	18.54×	18.61×	17.38×	28.54×	182.72×
P/S (TTM) at period end	5.78×	9.43×	11.89×	10.91×	8.70×	12.95×	10.03×	9.01×	7.54×	5.16×	4.63×	3.96×	3.60×	3.88×	3.29×	3.76×	3.97×	3.98×	4.88×	4.55×	4.57×	4.83×	4.96×	2.47×	3.73×	6.12×	3.76×	4.52×	2.47×	1.77×	1.65×	3.39×	4.81×
P/B at period end	2.96×	4.77×	6.69×	7.05×	6.58×	9.88×	8.88×	10.34×	8.61×	6.80×	7.58×	4.70×	4.18×	5.32×	5.43×	5.91×	2.82×	3.21×	4.80×	2.90×	2.98×	3.11×	3.30×	1.63×	2.43×	5.78×	3.25×	3.48×	1.76×	1.56×	1.54×	1.74×	2.22×
EV / EBITDA (TTM)	11.94×	20.46×	26.71×	24.27×	19.28×	27.26×	24.08×	23.20×	20.71×	15.21×	13.93×	12.08×	13.20×	12.90×	10.01×	11.52×	9.82×	10.47×	13.57×	9.83×	10.54×	10.43×	11.73×	6.37×	9.86×	18.67×	12.32×	14.15×	8.74×	7.81×	8.11×	12.81×	16.23×
EV / Sales (TTM)	4.84×	8.43×	11.11×	10.33×	8.34×	12.75×	10.05×	9.11×	7.61×	5.45×	5.01×	4.12×	3.73×	4.19×	3.62×	4.11×	3.59×	3.76×	4.86×	4.21×	4.05×	4.28×	4.52×	2.13×	3.31×	6.07×	3.74×	4.31×	2.40×	1.63×	1.63×	3.22×	4.20×
Returns
Return on equity	16.3%	16.9%	18.1%	20.7%	23.6%	26.5%	28.1%	33.3%	26.4%	35.9%	34.9%	22.8%	17.8%	23.6%	32.5%	30.0%	13.9%	15.3%	19.6%	15.5%	12.0%	14.4%	13.2%	10.9%	11.8%	15.9%	13.4%	12.0%	9.5%	8.4%	8.9%	6.1%	1.2%
Return on invested capital	18.3%	21.3%	20.4%	23.0%	33.3%	31.6%	28.2%	30.2%	25.4%	27.2%	22.0%	19.8%	15.9%	16.9%	21.7%	19.5%	18.5%	18.2%	19.2%	16.1%	16.2%	21.2%	17.9%	13.5%	15.6%	16.1%	13.1%	13.5%	9.4%	9.3%	8.8%	6.6%	7.1%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	7.91×	8.42×	7.03×	6.62×	5.00×	4.04×	2.71×	2.44×	2.56×	1.94×	1.79×	3.45×	1.69×	1.28×	1.72×	1.45×	4.08×	3.05×	1.66×	3.33×	4.94×	4.67×	4.64×	4.17×	4.80×	2.69×	2.45×	3.63×	3.71×	3.18×	3.43×	3.16×	4.37×
Debt / equity	–	–	–	0.00×	0.00×	0.11×	0.16×	0.23×	0.25×	0.58×	0.83×	0.67×	0.30×	0.49×	0.79×	0.68×	0.00×	–	0.02×	0.01×	–	–	0.00×	0.00×	0.00×	0.00×	0.04×	0.04×	0.05×	0.07×	0.09×	0.03×	0.08×
Effective tax rate	19.3%	18.3%	20.5%	20.4%	18.7%	16.5%	12.6%	16.1%	25.7%	10.4%	31.7%	33.8%	33.8%	35.0%	34.5%	36.9%	36.7%	38.7%	37.1%	37.3%	35.4%	38.1%	39.2%	39.2%	38.7%	39.9%	38.7%	37.5%	39.0%	38.5%	38.5%	39.5%	40.5%
Share count
Diluted shares outstanding	957	978	975	967	965	961	955	962	968	948	977	1,051	1,050	1,038	1,051	1,227	1,360	1,359	1,438	1,495	1,487	1,488	1,465	1,488	1,460	1,354	1,333	1,320	1,291	1,252	1,221	974	720

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994
Revenue and gross profit
Revenue	$4,666	$4,666	$4,647	$4,237	$3,870	$3,501	$2,693	$2,206	$2,042	$1,806	$1,448	$1,268	$1,146	$1,163	$1,046	$924	$872	$773	$743	$785	$561	$529	$457	$401	$347	$316	$254	$190	$142	$114	$126	$118	$58	$23
Cost of revenue	($2,582)	($2,582)	($2,547)	($2,330)	($2,133)	($1,895)	($1,349)	($1,198)	($256)	($196)	($138)	($141)	($136)	($174)	($167)	($137)	($125)	($105)	($106)	($463)	($294)	($298)	($253)	($209)	($202)	($187)	($152)	($117)	($86)	($72)	($89)	($84)	($38)	($14)
Gross profit	$2,084	$2,084	$2,100	$1,907	$1,737	$1,606	$1,343	$1,008	$1,786	$1,609	$1,310	$1,127	$1,010	$989	$879	$787	$747	$668	$637	$322	$267	$231	$204	$192	$145	$130	$102	$73	$55	$43	$37	$35	$20	$8
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	($16)	($19)	($30)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($431)	($431)	($403)	($335)	($250)	($231)	($207)	($192)	($182)	($177)	($151)	($138)	($139)	($165)	($138)	($114)	($108)	($109)	($87)	($84)	($64)	($59)	($47)	($36)	($29)	($23)	($19)	($16)	($12)	($11)	($11)	($11)	($6)	($2)
Total operating expenses	($431)	($431)	($403)	($335)	($250)	($231)	($207)	($192)	($1,070)	($1,025)	($849)	($721)	($665)	($714)	($596)	($501)	($482)	($429)	($412)	($84)	($64)	($59)	($47)	($67)	($54)	($40)	($34)	($27)	($22)	($19)	($18)	($17)	($9)	($4)
Total costs and expenses	($3,014)	($3,014)	($2,950)	($2,665)	($2,383)	($2,126)	($1,556)	($1,389)	($1,325)	($1,221)	($987)	($862)	($802)	($889)	($763)	($638)	($607)	($534)	($518)	($547)	($358)	($357)	($300)	($276)	($257)	($227)	($186)	($144)	($108)	($91)	($108)	($100)	($47)	($19)
Operating income	$1,653	$1,653	$1,697	$1,572	$1,487	$1,375	$1,136	$816	$716	$584	$461	$406	$344	$275	$283	$286	$265	$239	$225	$238	$203	$172	$157	$125	$91	$90	$68	$46	$33	$24	$19	$18	$11	$4
Earnings
EBITDA	$1,891	$1,891	$1,914	$1,762	$1,646	$1,514	$1,260	$920	$802	$663	$519	$456	$391	$329	$340	$335	$311	$282	$267	$281	$240	$203	$187	$154	$116	$106	$82	$58	$43	$31	$26	$24	$15	$6
Interest income	$182	$182	$179	$146	$66	–	–	$1	$2	$1	$1	$1	$1	$0	$1	$0	$0	$0	$2	$8	$14	$8	$5	–	–	–	–	–	–	–	–	–	–	–
Interest expense	–	–	–	–	–	($17)	($20)	($20)	($20)	($20)	($24)	($24)	($18)	($9)	($10)	($11)	($4)	($0)	($0)	($0)	($0)	($13)	($0)	–	–	–	–	–	–	–	–	–	–	($0)
Pre-tax income	$1,835	$1,835	$1,896	$1,715	$1,554	$1,341	$1,122	$801	$705	$563	$440	$396	$332	$270	$277	$278	$264	$239	$228	$250	$217	$175	$165	$130	$94	$94	$71	$48	$35	$25	$20	$18	$11	$4
Income tax expense	($355)	($355)	($347)	($352)	($317)	($251)	($185)	($101)	($113)	($145)	($46)	($126)	($112)	($91)	($97)	($96)	($98)	($88)	($88)	($93)	($81)	($62)	($63)	($51)	($37)	($36)	($28)	($19)	($13)	($10)	($8)	($7)	($4)	($2)
Net income	$1,484	$1,484	$1,552	$1,363	$1,238	$1,090	$936	$700	$592	$418	$394	$270	$220	$179	$180	$182	$166	$152	$141	$157	$136	$97	$102	$79	$57	$57	$43	$29	$22	$15	$12	$11	$7	$1
Per share
Diluted EPS (GAAP)	$1.55	$1.55	$1.59	$1.40	$1.28	$1.13	$0.97	$0.7325	$0.615	$0.4325	$0.415	$0.2775	$0.21	$0.17	$0.1738	$0.1738	$0.135	$0.1113	$0.1038	$0.11	$0.0913	$0.065	$0.0688	$0.0544	$0.0388	$0.0394	$0.0313	$0.0221	$0.0167	$0.0118	$0.0096	$0.0092	$0.0071	$0.0008
Basic EPS (GAAP)	$1.56	$1.56	$1.61	$1.42	$1.30	$1.15	$0.99	$0.75	$0.6425	$0.45	$0.43	$0.295	$0.2175	$0.1775	$0.18	$0.1775	$0.1375	$0.1125	$0.1056	$0.11	$0.0938	$0.0669	$0.0706	$0.0556	$0.0394	$0.0406	$0.0325	$0.0229	$0.0171	$0.012	$0.01	$0.0096	$0.0075	$0.0013
Basic shares outstanding	950	950	965	961	954	950	945	933	922	927	915	915	1,007	1,006	999	1,025	1,210	1,347	1,337	1,399	1,450	1,446	1,443	1,431	1,463	1,419	1,317	1,294	1,281	1,265	1,199	1,168	920	720
Margins
Gross margin	44.7%	44.7%	45.2%	45.0%	44.9%	45.9%	49.9%	45.7%	87.5%	89.1%	90.5%	88.9%	88.1%	85.0%	84.0%	85.2%	85.6%	86.5%	85.7%	41.1%	47.6%	43.6%	44.6%	47.9%	41.7%	40.9%	40.1%	38.6%	39.0%	37.4%	29.2%	29.4%	34.9%	36.4%
Operating margin	35.4%	35.4%	36.5%	37.1%	38.4%	39.3%	42.2%	37.0%	35.1%	32.4%	31.9%	32.0%	30.1%	23.6%	27.0%	31.0%	30.4%	30.9%	30.3%	30.3%	36.2%	32.5%	34.3%	31.1%	26.1%	28.4%	26.8%	24.3%	23.6%	20.7%	14.9%	15.1%	19.3%	18.4%
Net margin	31.8%	31.8%	33.4%	32.2%	32.0%	31.1%	34.8%	31.7%	29.0%	23.1%	27.2%	21.3%	19.2%	15.4%	17.2%	19.7%	19.1%	19.6%	19.0%	20.0%	24.3%	18.3%	22.3%	19.8%	16.5%	18.1%	16.8%	15.5%	15.5%	13.3%	9.5%	9.5%	11.9%	2.6%

Analyst consensus

Buy23 analysts

Bearish · 1 · Hold · 9 · Bullish · 13

Earnings history

	EPS	Estimate
Q1 2025	$0.37	$0.37	Match
Q2 2025	$0.40	$0.37	Beat
Q3 2025	$0.42	$0.42	Match
Q4 2025	$0.41	$0.36	Beat
Q1 2026	$0.41	$0.39	Beat
Q2 2026	$0.36	$0.39	Miss
Q3 2026	$0.43	$0.41	Beat
Q4 2026	$0.35	$0.38	Miss

Peers

Company overview

IPO dateMar 17, 1994

CEOJeffrey Liaw

Employees21,000

SectorIndustrials

IndustrySpecialty Business Services

CountryUS

ExchangeNASDAQ Global Select

Websitewww.copart.com

Copart, Inc. stands as a prominent global provider of online vehicle auctions and comprehensive vehicle remarketing services. The company extends its operations across numerous international markets, including the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. At its core, Copart enables the buying and selling of vehicles over the internet through its sophisticated "virtual bidding" online auction platform. Its extensive range of services supports the entire vehicle disposition process, encompassing aspects such as direct online access for sellers, expert salvage and general vehicle valuation, end-of-life vehicle handling, logistics and transportation management, and dedicated vehicle inspection facilities. Additional offerings include on-demand reporting, efficient title processing and express services, loan payoff assistance, adaptable vehicle processing programs, and direct "Buy It Now" purchase options, alongside specialized services for dealerships. Beyond its primary auction site, Copart manages several direct vehicle acquisition and sales platforms, such as BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie. Furthermore, its Copart Recycling service offers the public an avenue to procure individual parts from salvaged and end-of-life automobiles. The company is also at the forefront of technological innovation within its field. Its proprietary Copart 360 system generates detailed, 360-degree interactive views of both the interiors and exteriors of cars, trucks, and vans. Another key tool, IntelliSeller, is an automated platform that leverages Copart's vast vehicle and sales data to assist sellers in making informed decisions about their auction strategies. Expanding its scope, Copart also provides remarketing services for wholesale construction, agricultural, and fleet equipment through its Purple Wave Inc. subsidiary, which conducts no-reserve online auctions. Additionally, it handles the remarketing of wholesale powersport vehicles via both live and online auction formats. Copart serves a diverse client base, including licensed vehicle dismantlers, rebuilders, repair professionals, used vehicle dealers, exporters, and members of the general public. Established in 1982, Copart, Inc. is headquartered in Dallas, Texas.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.