Copart, Inc. logo

Copart, Inc.

CPRT
Consumer CyclicalNASDAQUnited States
33.09USD-0.31 (-0.91%)

About Copart

Copart, Inc. provides online auctions and vehicle remarketing services in multiple countries, including the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain.

It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology.

Services Offered:

  • Online Auctions: Facilitates vehicle auctions over the internet.

  • Seller Services: Includes online seller access, salvage estimation, end-of-life vehicle processing, virtual insured exchange, vehicle inspection stations, title processing and procurement, and loan payoff services.

  • Buyer Services: Offers membership tiers for vehicle purchases through Copart.com, on-demand reporting and flexible vehicle processing programs.

  • Transportation & Logistics: Provides transportation services and vehicle inspection stations.

  • Sales Channels: Includes CashForCars.com for direct vehicle sales, U-Pull-It service for part removal and sales, and Copart 360 for posting vehicle images.

  • Dealer Services: Tailored services for dealers, including virtual queues for in-person visits.

Clientele:

  • Vehicle Sellers: Insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals.

  • Vehicle Buyers: Licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and the public.

Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas.

Copart's Business Strategy

The company's core business revolves around its proprietary online auction platform, where vehicles are listed for sale and bidders participate in real-time to purchase them. Sellers, including insurance companies, dealerships, fleet operators, and individual owners, list their vehicles on the platform, benefiting from Copart's extensive…

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Our Take on Copart

Pros:

Online Auto Salvage Auctions Dominant Position: Copart is the clear market leader in online vehicle salvage auctions, connecting insurance companies, sellers, and buyers through a proprietary digital platform. Its scale and network effects create high barriers to entry.

Asset-Light, Highly Scalable Business Model:

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Company Details

Exchange
NASDAQ
Country
United States
Sector
Consumer Cyclical
Industry
Auto - Dealerships
CEO
Jeffrey Liaw
Employees
13,800
IPO Date
1994-03-17
ISIN
US2172041061
Website
copart.com

Key Metrics

Market Cap
32.03BUSD
P/E Ratio (TTM)
20.74
Net Profit Margin
33.76%
Debt / Asset Ratio
0.01
Dividend Yield (TTM)
0.00%
Volume
700,208
Avg Volume
8.66M
Shares Outstanding
968.02M
Free Float
91.63%
β Beta
1.08
52W Range
32.2 - 63.9

Fundamental Analysis

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Section Scores

Profitability
4.4/5Excellent
Liquidity
5.0/5Excellent
Leverage
5.0/5Excellent
Cash Flow
4.0/5Good
Valuation
4.0/5Good

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