— Know what they know.
/
Not Investment Advice

CPRT

NASDAQ · USD
Copart, Inc.
Industrials · Specialty Business Services
CEO Jeffrey Liaw Employees 11,900 R&D / revenue 0.0%
Last price
$27.87+0.43%last session
Market cap
$25.8B
P/E (TTM)
17.9x
From 52w high
−39.3%
From 52w low
+8.4%
1-year return
−36.7%
RSI 14 · vs SMA200
47.4 · −15.3%
IS score
66.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

CPRT   SPY   XLI (sector ETF) · weekly closes
6080100120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111CPRT 63

Score DNA

Each bar is a 0-100 score within the scored universe
79
Profitability
37
Growth
56
Value
62
Momentum
100
Risk (safety)
84
Quality
92
Balance sheet
76
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for CPRT (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Wide, Efficient ScalePiotroski 6 / 9Altman Z 21.1Beta 1.033 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $3.0M
Form 144 notices (12m): 6, $9.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−18
129 new holders, 136 closed
1,063 filers hold 83.2% · 403 added, 403 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+62
1,011 funds adding shares
949 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
49.6%
20-day avg 40.6%, 50-day avg 42.9%
Latest 9.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$4.7B
Revenue growth YoY+0.4%
Gross margin44.7%
Operating income$1.7B
Operating margin35.4%
Net income$1.5B
Net margin31.8%
EPS (diluted)$1.55
Cash flow
Operating cash flow$1.6B
Capital expenditure$337.4M
Free cash flow$1.3B
FCF conversion (FCF / OCF)79.0%
Stock-based compensation$38.8M
FCF less SBC$1.2B
Buybacks$1.6B
Dividends$0
Balance sheet & returns
Cash & short-term investments$4.5B
Total debt$0
Net cash$4.5B
Shareholders' equity$9.1B
Goodwill & intangibles$561.8M
Debt / equity0.01
ROE (TTM)15.9%
ROIC (TTM)14.3%
Operating margin by fiscal year
39.3%FY202238.4%FY202337.1%FY202436.5%FY202535.4%FY2026
Revenue $3.5B (FY2022) to $4.7B (FY2026), a 7.4% CAGR.

Valuation

P/E (TTM)17.9x
EV / EBITDA11.6x
Price / sales5.53x
Price / FCF20.4x
FCF yield4.91%
Buyback yield6.32%
SBC / revenue0.8%
Price / book2.91x
Forward P/E FY202717.2x
Forward P/E FY202815.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $34.17 across 6 analysts last quarter is theirs, not ours.

CPRT vs industry median

186 companies in Specialty Business Services
Gross margin 44.7% 33.3% Operating margin 35.4% 4.4% Net margin 31.8% 1.7% ROIC 14.3% 8.4%
CPRT (TTM)Industry median Asset turnover 0.47 vs industry 0.78 · financial leverage 1.10

Earnings delivery

Next report 2026-11-19 · consensus EPS $0.40
50%
beat rate, 6 of 12 quarters
+0.4%
median EPS surprise
4
longest beat streak
+6+3-6+0-8+0+8+1+13+5-8-9
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-09-14 to 2026-09-10. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
CPRT Copart, Inc. $25.8B17.9x15.9%31.8%+0.4% −36.7%
ROL Rollins, Inc. $16.1B30.4x37.0%13.3%+9.9% −38.6%
RBA RB Global, Inc. $15.6B36.0x8.1%10.9%+10.1% −15.7%
ULS UL Solutions Inc. $14.8B29.2x37.5%30.1%+6.6% −3.9%
ARMK Aramark $14.6B37.9x11.8%1.9%+11.3% +44.0%
TRI Thomson Reuters Corporation $47.2B29.1x14.0%22.9%+7.0% —
RTO Rentokil Initial plc $10.6B22.4x16.0%5.5%+29.4% —
CTAS Cintas Corporation $84.9B41.7x41.4%18.3%+9.5% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-10-16Acquisition/Disposition; Regulation FD; Exhibits
2026-10-16Officer/Director Change; Exhibits
2026-09-10Material Agreement; Regulation FD; Exhibits
2026-09-10Earnings Release; Exhibits
2026-08-19Officer/Director Change
2026-08-18Officer/Director Change; Regulation FD; Exhibits

Context

Shares outstanding926,330,000
Free float91.3%
Institutional ownership83.2%
Beta1.03
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$30.04 / $32.95
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where CPRT sits among 30 scored companies in Specialty Business Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureCPRTIndustry medianIndustry percentileSector median
P/E (TTM) 17.4x 25.7x
24th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 2.58 1.39
64th		 1.42
Price / sales 5.5x 1.9x
86th		 2.0x
Price / book 2.8x 2.6x
58th		 2.9x
Price / tangible book 3.3x 6.4x
27th		 5.6x
Price / free cash flow 20.4x 14.7x
65th		 20.8x
Price / operating cash flow 16.1x 11.7x
71st		 14.5x
Enterprise value $21.4B $4.0B
93rd		 $4.8B
EV / sales 4.6x 2.6x
86th		 2.4x
EV / EBITDA 10.4x 12.5x
36th		 13.6x
EV / EBIT 11.7x 18.1x
27th		 19.9x
EV / free cash flow 16.9x 17.4x
46th		 24.3x
Earnings yield 5.7% 3.4%
79th		 3.3%
FCF yield 4.9% 6.6%
41st		 3.8%
Operating cash flow yield 6.2% 8.2%
31st		 6.2%
Graham number (per share) $18.22 $20.85
27th		 $38.21

Profitability (TTM)

MeasureCPRTIndustry medianIndustry percentileSector median
Gross margin 44.7% 39.3%
62nd		 30.5%
EBITDA margin 44.3% 18.4%
100th		 14.3%
Operating margin 35.4% 10.3%
100th		 9.8%
EBIT margin 39.3% 10.5%
100th		 9.9%
Net margin 31.8% 5.3%
100th		 6.0%
NOPAT margin 28.6% 7.5%
100th		 7.8%
FCF margin 27.2% 10.9%
89th		 7.0%
Operating cash flow margin 34.4% 13.4%
89th		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 9.2% 18.2%
21st		 14.1%
Stock comp / revenue 0.8% 1.0%
45th		 0.6%
Effective tax rate 19.3% 23.4%
7th		 21.0%

Returns on capital

MeasureCPRTIndustry medianIndustry percentileSector median
ROE (on average equity) 16.2% 12.6%
77th		 11.9%
ROA 14.8% 4.0%
86th		 4.8%
ROIC 28.4% 8.3%
93rd		 8.7%
ROCE 19.7% 9.7%
86th		 9.4%
Return on tangible assets 18.2% 7.3%
90th		 7.9%
Cash ROIC (OCF / invested capital) 34.2% 13.7%
86th		 12.8%
Gross profitability (GP / assets) 20.8% 19.9%
52nd		 19.2%
ROIC, 3-yr average 28.5% 5.1%
92nd		 7.8%
ROIC, 5-yr average 65.4% 7.0%
100th		 8.6%
ROE, 5-yr average 19.1% 10.8%
79th		 12.5%
Incremental ROIC -76.9% 19.8%
19th		 20.5%

Growth

MeasureCPRTIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 0.4% 9.8%
14th		 8.6%
Revenue growth (QoQ) -6.8% 3.7%
11th		 9.9%
Revenue CAGR, 3 yr 6.4% 6.5%
48th		 5.0%
Revenue CAGR, 5 yr 11.6% 9.6%
60th		 8.3%
Gross profit CAGR, 3 yr 6.3% 8.2%
40th		 6.5%
Operating income CAGR, 3 yr 3.6% 8.8%
35th		 6.4%
Net income growth (TTM YoY) -4.4% 16.2%
20th		 11.3%
Net income CAGR, 3 yr 6.2% 6.2%
50th		 6.6%
EPS growth (TTM YoY) -2.3% 16.0%
20th		 13.3%
EPS CAGR, 3 yr 6.7% 6.7%
50th		 5.6%
EPS CAGR, 5 yr 9.8% 8.0%
71st		 8.3%
FCF growth (TTM YoY) 3.0% 19.9%
32nd		 14.7%
FCF CAGR, 3 yr 14.3% 21.6%
41st		 12.2%
Operating cash flow CAGR, 3 yr 5.6% 12.9%
22nd		 8.8%
Book value CAGR, 3 yr 15.5% 4.6%
83rd		 7.3%
Dividend CAGR, 3 yr —
Sustainable growth rate 16.2% 7.0%
82nd		 11.0%

Margin history & stability

MeasureCPRTIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 45.0% 43.6%
62nd		 30.6%
Operating margin, 3-yr average 36.3% 9.5%
100th		 10.0%
Net margin, 3-yr average 32.5% 6.1%
100th		 6.2%
FCF margin, 3-yr average 25.4% 10.9%
88th		 7.1%
Revenue stability (0-1) 0.94 0.93
58th		 0.81
Earnings stability (0-1) 0.93 0.31
88th		 0.47
Margin stability (0-1) 0.95 0.91
73rd		 0.90

Liquidity (latest quarter)

MeasureCPRTIndustry medianIndustry percentileSector median
Cash & short-term investments $4.5B $166.3M
100th		 $249.6M
Net cash (− = net debt) $4.4B −$1.0B
100th		 −$666.5M
Working capital $4.9B $193.1M
100th		 $376.4M
Current ratio 7.91 1.42
100th		 1.79
Quick ratio 7.84 1.36
100th		 1.33
Cash ratio (cash + ST investments / current liabilities) 6.38 0.18
100th		 0.32
Defensive interval (days) 4,485 days 435 days
100th		 614 days

Leverage & solvency (latest quarter)

MeasureCPRTIndustry medianIndustry percentileSector median
Total debt $88.4M $1.2B
28th		 $919.8M
Debt / equity 0.01 0.52
4th		 0.65
Net debt / equity −0.48 0.47
8th		 0.46
Debt / assets 0.9% 28.7%
7th		 29.3%
Debt / capital 1.0% 34.3%
4th		 39.5%
Debt / EBITDA 0.04 2.41
7th		 2.44
Net debt / EBITDA −2.13 1.76
11th		 1.86
Interest coverage (EBIT / interest) —
Cash interest coverage —
Debt payback (years of OCF) 0.1 yrs 3.5 yrs
11th		 3.2 yrs
Liabilities / assets 9.1% 51.4%
3rd		 56.7%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 288
3rd		 200

Efficiency

MeasureCPRTIndustry medianIndustry percentileSector median
Asset turnover 0.46 0.76
31st		 0.75
Fixed asset turnover 1.22 7.16
7th		 5.14
Inventory turnover 56.7 16.8
93rd		 5.0
Receivables turnover 5.9 7.1
29th		 6.7
Days sales outstanding 61 days 52 days
72nd		 54 days
Days inventory outstanding 6 days 22 days
7th		 72 days
Days payables outstanding 60 days 31 days
86th		 41 days
Cash conversion cycle (days) 8 days 26 days
32nd		 63 days
Capex / revenue 7.2% 3.5%
79th		 3.0%
Capex / depreciation 1.46 0.65
96th		 0.76
Operating expense ratio 9.8% 27.7%
24th		 17.7%

Cash flow & earnings quality

MeasureCPRTIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.08 2.25
4th		 1.50
FCF / net income 0.85 1.46
12th		 1.15
FCF / operating cash flow 79.0% 75.2%
67th		 74.0%
Capex / operating cash flow 21.0% 24.8%
33rd		 26.1%
Accruals ratio -1.2% -5.4%
93rd		 -4.0%
Sloan accruals ratio -3.2% -4.7%
69th		 -2.4%
Earnings quality score (0-1) 1.00 0.75
56th		 1.00

Dividends & buybacks

MeasureCPRTIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.6%
0th		 0.6%
Dividend per share (TTM) $0.00 $0.29
0th		 $0.44
Payout ratio (dividends / net income) 0.0% 21.7%
0th		 22.5%
Dividends / FCF 0.0% 19.5%
0th		 19.6%
Dividend growth (YoY) —
Buyback yield 6.3% 1.2%
86th		 0.5%
Shareholder yield (dividends + buybacks) 6.3% 3.1%
72nd		 2.0%
Share count change (YoY) -2.1% -0.7%
36th		 0.0%
Buybacks, last 5 years $3.5B $117.4M
93rd		 $76.0M

Scores & forensic checks

MeasureCPRTIndustry medianIndustry percentileSector median
IS score 66 55
79th		 53
IS profitability 79 34
93rd		 37
IS growth 37 57
18th		 54
IS value 56 51
66th		 47
IS momentum 62 82
21st		 76
IS risk (safety) 100 65
68th		 80
IS quality 84 64
90th		 67
IS balance sheet 92 48
100th		 56
IS earnings quality 76 72
69th		 70
IS cash flow 77 64
76th		 54
Piotroski F-score (0-9) 6 6
28th		 6
Altman Z-score 21.1 2.8
100th		 3.3
Beneish M-score −2.64 −2.61
46th		 −2.52
Ohlson O-score −14.38 −7.37
0th		 −7.49
IS credit score 91 57
83rd		 65

Per share

MeasureCPRTIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.55 $1.55
50th		 $2.21
Book value per share $9.51 $12.41
39th		 $18.38
Tangible book per share $9.01 −$2.38
93rd		 $4.39
Revenue per share $4.88 $26.04
14th		 $36.64
FCF per share $1.32 $2.35
32nd		 $2.70
Operating cash flow per share $1.68 $3.39
25th		 $4.28
Cash per share $4.69 $2.13
82nd		 $3.02

Size (TTM)

MeasureCPRTIndustry medianIndustry percentileSector median
Market cap $25.8B $2.6B
93rd		 $3.9B
Revenue $4.7B $2.8B
76th		 $2.7B
EBITDA $2.1B $402.6M
90th		 $394.8M
Net income $1.5B $108.2M
93rd		 $136.3M
Free cash flow $1.3B $202.4M
86th		 $162.9M
Total assets $10.0B $3.2B
83rd		 $3.5B
Shareholders' equity $9.1B $1.1B
97th		 $1.4B
Employees 21,000 10,100
71st		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-16Pocock Jane
President
 Award / grant 25,308——25,308
2026-08-16Pocock Jane
President
 Award / grant 500,000$31.61$15.8M500,000
2026-08-16Stearns Leah C
Chief Financial Officer
 Award / grant 12,654——12,654
2026-08-16Stearns Leah C
Chief Financial Officer
 Award / grant 200,000$31.61$6.3M200,000
2026-08-13Berger David Joel
Director
 Award / grant 24,341$29.39$715,38224,341
2026-08-01Pocock Jane
President
 — 89,767——0
2026-07-28Liaw Jeffrey
Chief Executive Officer
 Option exercise 3,591$6.78$24,34784,220
2026-07-28Liaw Jeffrey
Chief Executive Officer
 Option exercise 43,166$8.70$375,544127,386
2026-07-28Liaw Jeffrey
Chief Executive Officer
 Open-market sale 27,745$30.49$845,94599,641
2026-07-28Liaw Jeffrey
Chief Executive Officer
 Option exercise 3,591$6.78$24,3470
2026-07-28Liaw Jeffrey
Chief Executive Officer
 Option exercise 43,166$8.70$375,544178,718
2026-07-15Liaw Jeffrey
Chief Executive Officer
 Option exercise 1,277$6.78$8,65880,809

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprJulAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired5762,303$22.8M
Open-market saleDisposed2107,745$3.0M
Option exerciseAcquired598,846$1.4M
Option exerciseDisposed598,846$1.4M
OtherDisposed140,000—
—Disposed389,767—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 6 notices · 279,095 shares · $9.4M
FiledFilerShares proposedEst. proceeds
2026-10-15Morefield Diane M20,000$551,290
2026-07-28Jeff Liaw27,745$826,524
2026-07-13Ursula Capital Partners Lp80,000$2.2M
2026-04-15Jeffrey Liaw26,213$872,631
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 4 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-07-07Ro KhannaHouseSale$1,001 - $15,0002026-08-12
2026-04-13Ro KhannaHousePurchase$1,001 - $15,0002026-05-13
2026-01-13Ro KhannaHousePurchase$1,001 - $15,0002026-02-10
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.67,718,347$1.9B7.31%
VANGUARD CAPITAL MANAGEMENT LLC57,331,249$1.6B6.19%
STATE STREET CORP38,827,400$1.1B4.19%
VANGUARD PORTFOLIO MANAGEMENT LLC38,736,327$1.1B4.18%
Invesco Ltd.33,018,576$930.8M3.56%
GEODE CAPITAL MANAGEMENT, LLC27,397,980$769.7M2.96%
Bank of New York Mellon Corp16,853,112$475.1M1.82%
Capital World Investors15,689,549$442.3M1.69%
DEUTSCHE BANK AG\15,481,141$436.4M1.67%
NORGES BANK14,424,810$406.6M1.56%
TWO SIGMA INVESTMENTS, LP12,549,718$353.8M1.35%
Nuveen, LLC9,095,475$256.4M0.98%
VAN ECK ASSOCIATES CORP9,059,273$255.4M0.98%
MORGAN STANLEY8,743,989$246.5M0.94%
GOLDMAN SACHS GROUP INC8,445,143$238.1M0.91%

Institutional ownership by quarter

2023-092026-0683.2%
% of shares held by 13F filers
2023-092026-061,063
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,06383.2%129403403136
2026-03-311,08179.4%122408420158
2025-12-311,14483.8%173396447151
2025-09-301,14782.2%111470413134
2025-06-301,19184.5%126449473116
2025-03-311,19884.9%13450039491
2024-12-311,17483.2%17343941971
2024-09-301,08982.7%11344639386
2024-06-301,07582.7%10343339187
2024-03-311,07383.5%12742337793
2023-12-311,05281.1%16038237974
2023-09-3098580.2%938464064

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management6.9%66,093,193
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-04-17SCHEDULE 13G/ABlackRock, Inc.6.0%58,210,940
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$721.6M
VTI0.03%$721.6M
VSMPX0.03%$721.6M
VTSAX0.03%$721.6M
VFINX0.03%$603.4M
VOO0.03%$603.4M

Share structure

Shares outstanding926,330,000
Float845,915,705
Free float91.3%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$3.5B$3.9B$4.2B$4.6B$4.7B
Cost of revenue$1.9B$2.1B$2.3B$2.5B$2.6B
Gross profit$1.6B$1.7B$1.9B$2.1B$2.1B
R&D$0$0$0$0$0
SG&A$231.2M$250.4M$335.2M$349.0M$431.3M
Operating income$1.4B$1.5B$1.6B$1.7B$1.7B
EBITDA$1.5B$1.6B$1.8B$2.1B$2.1B
Pretax income$1.3B$1.6B$1.7B$1.9B$1.8B
Income tax$250.8M$316.6M$352.3M$347.2M$354.6M
Net income$1.1B$1.2B$1.4B$1.6B$1.5B
EPS, diluted$1.13$1.28$1.40$1.59$1.55
Diluted shares964.6M966.6M974.8M977.6M956.9M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$1.4B$2.4B$3.4B$4.8B$4.5B
Receivables$628.5M$708.6M$785.9M$763.4M$809.2M
Inventory$58.8M$40.0M$43.6M$39.7M$51.4M
Total current assets$2.2B$3.3B$4.4B$5.6B$5.6B
PP&E, net$2.6B$3.0B$3.3B$3.7B$3.8B
Goodwill & intangibles$456.6M$457.0M$588.0M$580.6M$561.8M
Total assets$5.3B$6.7B$8.4B$10.1B$10.0B
Accounts payable$187.2M$180.0M$193.3M$214.4M$634.7M
Total current liabilities$440.9M$492.8M$628.6M$683.3M$703.7M
Long-term debt$2.0M$10.9M$0$0$0
Total liabilities$683.3M$750.4M$879.2M$883.4M$913.9M
Shareholders' equity$4.6B$6.0B$7.5B$9.2B$9.1B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$1.1B$1.2B$1.4B$1.5B$1.5B
Depreciation & amortization$138.6M$159.7M$190.3M$215.8M$229.5M
Stock-based compensation$39.0M$39.7M$35.2M$38.0M$38.8M
Change in working capital−$125.5M−$88.3M−$114.1M$22.6M−$207.6M
Operating cash flow$1.2B$1.4B$1.5B$1.8B$1.6B
Capital expenditure−$337.4M−$516.6M−$511.0M−$569.0M−$337.4M
Free cash flow$839.2M$847.6M$961.6M$1.2B$1.3B
Investing cash flow−$442.3M−$1.9B−$940.1M−$587.4M−$877.6M
Net debt issued / repaid−$417.3M$10.5M−$10.8M−$49,000−$60,000
Buybacks$0$0$0$0−$1.6B
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin45.9%44.9%45.0%45.2%44.7%
Operating margin39.3%38.4%37.1%36.5%35.4%
Net margin31.1%32.0%32.2%33.4%31.8%
FCF margin24.0%21.9%22.7%26.5%27.2%
ROE26.7%23.3%20.2%18.6%16.2%
ROIC33.3%31.6%29.6%30.8%28.4%
ROA22.1%20.5%18.0%16.8%14.8%
Debt / equity0.030.020.020.010.01
Interest coverage81.4x————
Current ratio5.006.627.038.257.91
Revenue growth+30.0%+10.5%+9.5%+9.7%+0.4%
EPS growth+16.4%+12.7%+9.4%+13.7%−2.3%
P/E at year end28.3x34.6x37.5x28.6x18.8x
EV / EBITDA at year end19.8x24.8x27.1x20.0x11.4x
FCF yield at year end2.72%1.98%1.88%2.78%4.55%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Service$2.9B$3.2B$3.6B$4.0B$4.0B
Product$647.9M$671.4M$675.8M$678.3M$696.7M

Revenue by region · FY2026

UNITED STATES$3.4B · 100%

Street estimates by fiscal year

Next report 2026-11-19 · consensus EPS $0.40 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$4.7B$4.6B – $4.7B$1.58$1.57 – $1.60917.6x
2027$4.9B$4.7B – $5.3B$1.62$1.56 – $1.65717.2x
2028$5.2B$4.9B – $6.1B$1.77$1.70 – $1.80615.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-10$0.38$0.35−8.7%$1.1B$1.2B+0.8%
2026-02-19$0.39$0.36−8.3%$1.1B$1.1B−2.4%
2025-11-20$0.39$0.41+5.2%$1.2B$1.2B−2.0%
2025-09-04$0.36$0.41+13.5%$1.1B$1.1B−1.0%
2025-05-22$0.42$0.42+0.8%$1.2B$1.2B−1.4%
2025-02-20$0.37$0.40+7.6%$1.1B$1.2B+2.8%
2024-11-21$0.37$0.370.0%$1.1B$1.1B+4.3%
2024-09-04$0.36$0.33−8.3%$1.1B$1.1B−0.5%
2024-05-16$0.39$0.390.0%$1.1B$1.1B+1.9%
2024-02-22$0.35$0.33−5.7%$1.0B$1.0B−0.8%
2023-11-16$0.33$0.34+3.0%$990.7M$1.0B+3.0%
2023-09-14$0.32$0.34+6.3%$962.9M$997.6M+3.6%
2023-05-17$0.31$0.36+16.1%$962.6M$1.0B+6.2%
2023-02-20$0.28$0.31+10.7%$931.5M$956.7M+2.7%
2022-11-16$0.28$0.26−7.1%$891.5M$893.4M+0.2%
2022-09-07$0.27$0.28+3.7%$874.1M$883.4M+1.1%
2022-05-18$0.29$0.290.0%$863.0M$939.9M+8.9%
2022-02-16$0.26$0.28+7.7%$807.0M$867.5M+7.5%
2021-11-17$0.25$0.27+8.0%$811.5M$810.1M−0.2%
2021-09-08$0.22$0.26+18.2%$630.9M$748.6M+18.7%
2021-05-19$0.20$0.27+35.0%$627.0M$733.9M+17.0%
2021-02-18$0.20$0.200.0%$629.6M$617.0M−2.0%
2020-11-18$0.17$0.20+17.6%$526.1M$592.9M+12.7%
2020-09-02$0.10$0.17+70.0%$359.5M$525.7M+46.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.306-220.506-290.307-060.407-130.307-200.507-270.308-030.408-100.508-170.308-240.208-31
Week ofNotionalSharesTrades
2026-08-31$246.8M7,466,063116,509
2026-08-24$287.3M8,693,440111,356
2026-08-17$544.1M16,486,809184,941
2026-08-10$379.5M12,607,026155,056
2026-08-03$290.3M9,960,686141,270
2026-07-27$519.7M17,268,135177,222

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1549.6%
DateShort shareShort volumeTotal volume
2026-10-1549.6%2,545,9505,133,521
2026-10-1445.5%1,625,3583,570,465
2026-10-1344.1%1,313,2832,979,334
2026-10-1241.3%1,154,0652,796,927
2026-10-0941.5%1,145,7322,758,206
2026-10-0840.7%1,312,9453,228,623
2026-10-0738.1%1,116,7202,934,040
2026-10-0636.5%1,499,7164,106,632
2026-10-0542.0%1,036,8402,469,623
2026-10-0233.3%916,8712,752,287
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.2Jan+2.5Feb+1.0Mar+3.2Apr+2.9May-0.7Jun+1.2Jul+1.6Aug-2.8Sep+2.6Oct+4.6Nov+2.7Dec
MonthAvg returnUp yearsYears
Jan−0.2%55%20
Feb+2.5%65%20
Mar+1.0%67%21
Apr+3.2%70%20
May+2.9%60%20
Jun−0.7%50%20
Jul+1.2%60%20
Aug+1.6%55%20
Sep−2.8%35%20
Oct+2.6%55%20
Nov+4.6%75%20
Dec+2.7%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1447.4
MFI60.2
ADX31.7
Stochastic %K / %D67.7 / 40.6
Williams %R-16.3
CCI52
TSI / signal-24.4 / -26.4
Chaikin money flow0.00
ATR$0.86
Bollinger width11.1%
Volume vs 20-day avg2.42x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$27.45 (+1.5%)
SMA 50$30.01 (−7.1%)
SMA 200$32.89 (−15.3%)
EMA 21$27.85 (+0.1%)
EMA 50$29.04 (−4.0%)
EMA 200$33.23 (−16.1%)
Bollinger upper$28.97 (−3.8%)
Bollinger lower$25.93 (+7.5%)
Parabolic SAR$25.76 (+8.2%)
Open the live chart, 110+ indicators

About Copart, Inc.

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.

https://www.copart.com

Key executives

NameTitlePayBorn
Leah C. StearnsSenior Vice President & Chief Financial Officer$1.1M1981
Rama PrasadChief Technology Officer$692,5511959
Satya MandalapuChief Technology Officer$692,551—
Brian BuridgeChief Sales Officer$593,562—
Robert H. VannucciniGroup EVP & Chief Commercial Officer$593,5621966
A. Jayson AdairExecutive Chairman & CEO$432,1721969
Gavin RenfrewVice President & Chief Accounting Officer$387,7971976
Willis J. JohnsonFounder & Chairman$115,3891947

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Jeffrey Liaw Chief Executive Officer2025$900,000$0$1.1M$2.1M
Leah C. Stearns Senior Vice President and Chief Financial Officer2025$580,591$0$464,000$1.1M
A. Jayson Adair Executive Chairman2025$1$0$0$432,172

Employees

7k20198k20209k202110k202210k202312k202412k202512k2026

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Wide · Efficient Scale · 2026-07-31
Cost advantage60
Intangibles74
Switching costs78
Network effect55
Efficient scale100
Our component scores (0-100) and overall 73.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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