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Copart Inc (CPRT)



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Upturn Advisory Summary
08/22/2025: CPRT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $58.62
1 Year Target Price $58.62
2 | Strong Buy |
3 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -0.32% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 46.10B USD | Price to earnings Ratio 31.58 | 1Y Target Price 58.62 |
Price to earnings Ratio 31.58 | 1Y Target Price 58.62 | ||
Volume (30-day avg) 11 | Beta 1.04 | 52 Weeks Range 45.05 - 64.38 | Updated Date 08/22/2025 |
52 Weeks Range 45.05 - 64.38 | Updated Date 08/22/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.51 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 32.21% | Operating Margin (TTM) 37.27% |
Management Effectiveness
Return on Assets (TTM) 12.02% | Return on Equity (TTM) 18.44% |
Valuation
Trailing PE 31.58 | Forward PE 26.88 | Enterprise Value 41752551148 | Price to Sales(TTM) 10.04 |
Enterprise Value 41752551148 | Price to Sales(TTM) 10.04 | ||
Enterprise Value to Revenue 9.09 | Enterprise Value to EBITDA 22.47 | Shares Outstanding 966936000 | Shares Floating 886458113 |
Shares Outstanding 966936000 | Shares Floating 886458113 | ||
Percent Insiders 8.66 | Percent Institutions 86.98 |
Upturn AI SWOT
Copart Inc

Company Overview
History and Background
Copart, Inc. was founded in 1982 by Willis J. Johnson as a single salvage yard in California. It has since grown to become a global leader in online vehicle auctions. Copart pioneered the online auction model for salvage and used vehicles and has expanded its services and geographic reach significantly over the years.
Core Business Areas
- Online Auctions: Copart operates a global online platform connecting buyers and sellers of salvage and used vehicles. They facilitate the auction process, handling vehicle intake, storage, and sale.
- Vehicle Processing: Copart provides vehicle processing services, including towing, storage, inspection, and dismantling.
- Member Services: Copart offers various member services, including access to auctions, bidding tools, and transportation arrangements.
Leadership and Structure
Copart is led by CEO A. Jayson Adair. The organizational structure is based on functional departments, with regional teams managing operations in various locations. The board of directors oversees the company's strategy and governance.
Top Products and Market Share
Key Offerings
- Online Vehicle Auctions: Copart's primary offering is its online auction platform, where buyers can bid on salvage and used vehicles. Revenue is generated through buyer and seller fees. Copart has significant market share in the online salvage vehicle auction market (estimated around 40%). Competitors include IAA, Inc. (IAA) and Ritchie Bros. Auctioneers (RBA).
- Vehicle Processing Services: These services include towing, storage, inspection, and dismantling of vehicles. Copart charges fees for these services. The market is fragmented, with many local and regional providers, but Copart is a significant national player. Competitors include local towing companies, salvage yards, and auto recyclers.
Market Dynamics
Industry Overview
The salvage and used vehicle market is driven by factors such as accidents, natural disasters, vehicle aging, and economic conditions. The industry is increasingly moving online, with technology playing a crucial role in connecting buyers and sellers. Demand for used cars is projected to remain strong.
Positioning
Copart is a leader in the online vehicle auction market, with a strong brand, extensive network of locations, and advanced technology platform. Its competitive advantages include its scale, technology, and relationships with insurance companies and other sellers.
Total Addressable Market (TAM)
The global auto auction market is estimated to be in the tens of billions of dollars, and the used car and salvage industry is even larger. Copart is well positioned to capture a significant portion of this TAM through its online platform and services.
Upturn SWOT Analysis
Strengths
- Leading market share
- Extensive network of locations
- Advanced technology platform
- Strong relationships with insurance companies
- Scalable business model
Weaknesses
- Dependence on macroeconomic conditions
- Exposure to fluctuations in vehicle prices
- Potential for environmental liabilities
- Geographic concentration risk (California)
- Seasonality
Opportunities
- Expansion into new geographic markets
- Increased adoption of online auctions
- Development of new services and technologies
- Acquisition of smaller competitors
- Growth in emerging markets
Threats
- Economic downturn
- Increased competition
- Changes in regulations
- Disruptive technologies
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- IAA
- RBA
- KAR
Competitive Landscape
Copart has a stronger balance sheet, and a stronger technological platform than IAA. KAR is much smaller and operates across other verticals. RBA has a wider remit of assets but still competes within the market.
Major Acquisitions
U.S. Tow, Inc.
- Year: 2020
- Acquisition Price (USD millions): 13.4
- Strategic Rationale: Strengthen transportation and salvage operations in the Northwest US.
Growth Trajectory and Initiatives
Historical Growth: Copart has experienced significant revenue and earnings growth over the past decade, driven by its expansion into new markets and its increasing market share. The company has benefited from the shift towards online auctions and the growing demand for salvage and used vehicles.
Future Projections: Analysts expect Copart to continue to grow its revenue and earnings at a healthy rate in the coming years, driven by its expansion into new markets and its increasing market share. Growth can be expected at around 10-15% per year.
Recent Initiatives: Copart has been investing in new technologies and services, such as its mobile app and its Copart Select program. The company has also been expanding its network of locations and acquiring smaller competitors.
Summary
Copart is a strong company with a leading position in the online vehicle auction market. The company's strong balance sheet, advanced technology platform, and extensive network of locations provide it with a significant competitive advantage. However, Copart is exposed to macroeconomic risks and fluctuations in vehicle prices and needs to manage regulatory changes and cybersecurity effectively.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Earnings Call Transcripts
- Market Research Reports
- Analyst Estimates
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. The information is based on publicly available sources and is subject to change. Past performance is not indicative of future results. The AI-based rating is generated using an automated algorithm and should not be relied upon as the sole basis for investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Copart Inc
Exchange NASDAQ | Headquaters Dallas, TX, United States | ||
IPO Launch date 1994-03-16 | CEO & Director Mr. Jeffrey Liaw | ||
Sector Industrials | Industry Specialty Business Services | Full time employees 13086 | Website https://www.copart.com |
Full time employees 13086 | Website https://www.copart.com |
Copart, Inc. provides online auctions and vehicle remarketing services in 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 to vehicle sellers, insurance companies, banks and finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and express, loan payoff, flexible vehicle processing programs, buy it now, sales process, and dealer services. Its services also comprise services to sell vehicles through BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; copart 360, a proprietary technology that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans; and membership tiers for those registering to buy vehicles through Copart.com. In addition, it provides IntelliSeller, an automated tool leveraging its vast and detailed vehicle and sales data to assist its sellers in making vital auction decisions; Purple Wave Inc., that offers wholesale construction, agriculture, and fleet remarketing services through no-reserve online auctions; non-salvage powersport vehicle remarketing services through live and online auction platforms. The company sells its products principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas.

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