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Copart, Inc.

CPRT Industrials Specialty Business Services

Copart, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $4.7 billion, roughly unchanged from fiscal 2025.

Revenue
+2.43%
EPS
−14.6%
Free cash flow
−27.0%

Quarter to July 2026, against a year earlier

32.37 0.25 −0.77%
Market cap
$30.1B
P/E
20.8×
Fwd P/E
18.7×
Dividend yield
—
F-score
5/9
Altman Z
20.54
Beneish M
−2.45
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2026

  • Service revenues
  • Vehicle sales

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 5.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — — 1 — — 2 — — 1 —
Insider Ownership 11.22%

Capital & Financial Ratios $m

Size
Market Cap 30,090.00
Revenue ttm 4,666.21
Net income ttm 1,480.40
Free cash flow ttm 1,274.70
Net debt Q (4,489.80)
Valuation
P/E 20.75
Forward P/E 18.70
Price / sales 6.59
Forward P/S Powerpack
Price / FCF 24.19
Price / book 3.38
Financial health
Current ratio Q 7.91 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 12.36
Growth
Revenue growth Q +2.43% (above 0%: growing)
Operating income growth Q −10.59% (below 0%: shrinking)
EPS, this year +4.54%
EPS, next year A +9.27%
Revenue, next year A +17.61% (at or above 10%: strong)
EPS, past 5 yrs +9.71%
EPS, next 5 yrs A +7.13%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.6×, against a ten-year median of 8.4×; over the ten years it ranged from 3.6× in 2016 to 13.9× in 2021.
P/E against its own 10 years 15.69%
10-year low 10-year high
P/S against its own 10 years 25.71%
10-year low 10-year high
P/B against its own 10 years 4.77%
10-year low 10-year high
EV/Sales against its own 10 years 19.62%
10-year low 10-year high
EV/FCF against its own 10 years 6.42%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 2,364 3,422 4,789 4,490
Receivables 709 786 763 859
Inventory 40 44 40 51
Other 124 133 116 123
3,263 4,418 5,755 5,568
2023 2024 2025 2026
Payables 441 518 592 635
ST’ Debt — — — —
Other — — — —
493 629 683 704

Compound Annual Growth %

10y 5y 3y
Sales 13.91% 11.62% 6.44%
Cash Flow 17.05% 10.12% 5.56%
Earnings 18.57% 9.65% 6.24%
Book Value 27.94% 20.85% 14.96%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 0.39 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 0.40 0.41 Beat by 0.01
Q2 FY26 0.40 0.36 Miss by 0.04
Q3 FY26 0.41 0.43 Beat by 0.02
Q4 FY26 0.39 0.35 Miss by 0.04
Q1 FY27 0.41 — Reports 19 November 2026

EPS $

Oct Jan Apr Jul Year
’26 — — — — —
’26 0.41 0.36 0.43 0.35 1.55
’25 0.37 0.40 0.42 0.41 1.59
’24 0.34 0.33 0.39 0.33 1.40
’23 0.26 0.31 0.36 0.36 1.28
’22 0.27 0.30 0.29 0.28 1.13
’21 0.21 0.20 0.30 0.27 0.98
Fiscal quarters ending in the months shown.

Revenue $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 1,155 1,122 1,237 1,152 4,666
’25 1,147 1,163 1,212 1,125 4,647
’24 1,020 1,020 1,127 1,069 4,237
’23 893 957 1,022 998 3,870
’22 810 867 940 883 3,501
’21 593 617 734 749 2,693
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 535 128 584 358 1,604
’25 482 178 701 438 1,800
’24 375 162 496 439 1,473
’23 312 188 506 359 1,364
’22 313 134 417 313 1,177
’21 259 135 369 229 991
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 435 55 509 275 1,275
’25 246 61 578 377 1,261
’24 214 58 392 320 983
’23 159 100 420 202 881
’22 249 42 340 106 737
’21 112 (2) 288 127 525
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.7% a year for ten years. It grew 27.4% a year over the last ten.

Implied
6.7%
10 years, reported
27.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,448 1,806 2,042 2,206 2,693 3,501 3,870 4,237 4,647 4,666 +13.9% 5,488 6,217 6,680 +12.7%
Gross margin, % 43.65 42.22 43.99 45.69 49.88 45.88 44.89 45.02 45.18 44.66 +1.0 pt
EBT 440 563 705 801 1,122 1,341 1,554 1,715 1,896 1,835 +17.2%
EBT margin, % 30.39 31.15 34.52 36.31 41.67 38.30 40.17 40.47 40.79 39.32 +8.9 pt
Net income 394 418 592 700 936 1,090 1,238 1,362 1,548 1,480 +15.8%
Per share, $
Per share, $ Revenue 1.58 1.95 2.21 2.36 2.85 3.69 4.06 4.41 4.81 4.91 +13.4%
Earnings 0.43 0.45 0.64 0.75 0.99 1.15 1.30 1.42 1.61 1.56 +15.4%
Cash flow 0.54 0.58 0.70 0.98 1.05 1.24 1.43 1.53 1.86 1.69 +13.6%
Capex (0.36) (0.31) (0.39) (0.63) (0.49) (0.46) (0.51) (0.51) (0.56) (0.35) (0.5%)
Free cash flow 0.17 0.26 0.32 0.35 0.56 0.78 0.92 1.02 1.31 1.34 +25.4%
Book value 1.20 1.71 1.93 2.67 3.73 4.87 6.28 7.83 9.52 9.58 +26.0%
Shares, m 915 927 922 933 945 950 954 961 965 950 +0.4%
Valuation, ×
Valuation, × P/E 18.20 31.71 30.05 31.08 36.88 28.08 34.13 36.59 28.16 18.67 29.4
P/S 4.97 7.37 8.75 9.86 12.81 8.74 10.89 11.87 9.42 5.93 9.1
P/B 6.55 8.42 10.05 8.73 9.78 6.62 7.04 6.68 4.76 3.04 7.2
EV/Sales 5.26 7.44 8.86 9.83 12.58 8.35 10.29 11.06 8.41 4.99 8.7
EV/FCF 47.69 54.86 62.29 73.79 69.00 39.87 45.36 47.84 31.07 18.31 49.0
Cash, $m
Cash, $m Operating cash flow 492 535 647 918 991 1,177 1,364 1,473 1,800 1,604 +14.0%
Capex (332) (290) (356) (590) (465) (440) (483) (489) (538) (330) (0.1%)
Free cash flow 160 245 290 328 525 737 881 983 1,261 1,275 +25.9%
Balance, $m
Balance, $m Working capital 285 432 405 608 1,282 1,762 2,770 3,790 5,071 4,864 +37.1%
Net debt 423 125 214 (81) (651) (1,382) (2,353) (3,422) (4,789) (4,490) n/m
Shareholders’ equity 1,099 1,581 1,778 2,490 3,529 4,626 5,987 7,524 9,187 9,097 +26.5%
Returns, %
Returns, % ROA 21.71 19.48 24.37 23.32 23.36 22.09 20.55 17.98 16.77 14.76 (6.9) pt
ROIC 18.95 21.40 22.48 21.18 24.67 26.50 25.56 23.95 24.11 22.42 +3.5 pt
ROE 42.09 31.19 35.23 32.80 31.12 26.74 23.32 20.18 18.58 16.24 (25.8) pt
People
People Employees 5,323 6,026 7,327 7,600 8,600 9,500 10,200 11,700 11,600 11,900 +9.4%
Revenue/emp, $m 0.27 0.30 0.28 0.29 0.31 0.37 0.38 0.36 0.40 0.39 +4.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026 · fundamentals updated 1 Oct 2026

Business profile

Updated

Copart is an online vehicle-auction and remarketing company founded in 1982 and headquartered in Dallas. A. Jayson Adair is Chairman and Chief Executive Officer. It processes vehicles for sellers, stores and photographs them, handles transport and title-related work, and sells them principally through its VB3 online marketplace.

Insurance companies are its main source of vehicles. Many are damaged vehicles that insurers have classified as total losses, or recovered stolen vehicles on which insurers have settled claims. Other sellers include dealers, individuals, charities, rental-car companies, banks, finance companies, and fleet operators. Buyers include dismantlers, rebuilders, repair licensees, used-vehicle dealers, exporters, and, where permitted, the public.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Service revenues 3,970 85.07%
Vehicle sales 697 14.93%
Gross margin 44.66%
Operating margin 35.42%
Pre-tax margin 39.32%

Revenue by segment since 2009

Copart, Inc. vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CTAS Cintas Corporation $89.9B 44.1× 39.9× +10.88% (above 0%: growing) +12.50% (above 0%: growing) +48.72% (above 0%: growing) 51.54% 23.62% Compare
RELX RELX PLC $71.9B 18.9× — +20.81% (above 0%: growing) +23.32% (above 0%: growing) +20.95% (above 0%: growing) 61.32% 0.00% Compare
CPRT Copart, Inc. $30.1B 20.8× 18.7× +2.43% (above 0%: growing) −14.63% (below 0%: shrinking) −26.98% (below 0%: shrinking) 41.78% 32.01%
ULS UL Solutions Inc. $15.4B 29.6× 26.9× +5.11% (above 0%: growing) +15.84% (above 0%: growing) +41.28% (above 0%: growing) 51.40% 19.68% Compare
ARMK Aramark $13.3B 34.5× 29.8× +9.33% (above 0%: growing) +37.04% (above 0%: growing) +125.89% (above 0%: growing) 8.51% 4.26% Compare
RTO Rentokil Initial PLC $12.1B 70.5× 27.4× +66.96% (above 0%: growing) +6.36% (above 0%: growing) +7.92% (above 0%: growing) 13.59% 0.00% Compare
DLB Dolby Laboratories $6.1B 27.2× 20.0× −3.34% (below 0%: shrinking) −37.50% (below 0%: shrinking) +157.37% (above 0%: growing) 86.78% 11.25% Compare
AMTM Amentum Holdings, Inc. $5.2B 25.6× 21.0× −1.99% (below 0%: shrinking) +575.00% (above 0%: growing) +35.00% (above 0%: growing) 10.32% 4.93% Compare
UNF Unifirst Corporation $4.2B 38.5× 40.0× +4.97% (above 0%: growing) −13.79% (below 0%: shrinking) −31.08% (below 0%: shrinking) 37.38% 6.46% Compare
Median of peers $12.7B 32.0× 27.4× +7.22% +14.17% +38.14% 44.39% 5.70%

All 45 Specialty Business Services stocks →

From the latest earnings call

Updated

  • Jay Adair said Copart will pursue international insurance expansion, domestic whole-car growth, and investments in technology and customer services.
  • Leah Stearns said Copart expects the ACV transaction to break even in the current fiscal year and become accretive in FY2028.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Robert W. Baird Nov 5, 2026 Reiterated Buy 38.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 84.23%
Held by the ten largest 38.49%
Holder Shares Stake Change
Vanguard 105.28m 11.37% −2.56m
BlackRock 67.72m 7.31% +4.39m
State Street 38.83m 4.19% +691.33k
Invesco 33.02m 3.57% +783.16k
Geode Capital Management 27.40m 2.96% +3.18m
Capital Group 20.79m 2.25% −8.12m
BNY 17.33m 1.87% −3.14m
Morgan Stanley 16.07m 1.74% +1.58m
Deutsche Bank (DWS) 15.48m 1.67% +4.61m
Norges Bank 14.42m 1.56% +14.42m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 22 October 2026

Ownership

Directors and executive officers, together 9.30%
Vanguard Capital Management 7.14%
BlackRock, Inc. 6.01%
Willis J. Johnson 5.42%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Copart, Inc. (CPRT) Latest News

5 Nov

Impact 3 · · Barchart

30 Oct

Impact 3 · · Trefis

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 3 · · Barchart

19 Oct

Impact 3 · · Zacks

16 Oct

Impact 4 · · Business Wire

15 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

14 Oct

Impact 4 · · TIKR
Impact 4 · · Insider Monkey
Impact 4 · · Business Wire

11 Oct

Impact 3 · · Insider Monkey

8 Oct

Impact 4 · · Business Wire
Impact 3 · · StockStory

6 Oct

Impact 3 · · StockStory

5 Oct

Impact 3 · · Zacks

1 Oct

Impact 4 · · Stocktwits
Impact 4 · · Business Wire

29 Sep

Impact 3 · · StockStory

25 Sep

Impact 3 · · Zacks

24 Sep

Impact 3 · · StockStory

18 Sep

Impact 3 · · Trefis

17 Sep

Impact 4 ·
Impact 4 ·

16 Sep

Impact 3 ·

13 Sep

Impact 4 ·

11 Sep

Impact 4 ·
Impact 4 ·
Impact 4 · · Stocktwits
Impact 4 · · The Motley Fool transcript

CPRT metrics, ten years each

stockrow.com/CPRT · Data as of Oct 1, 2026 · For information only; not investment advice. · © 2026 stockrow.com