“Working capital increased primarily from cash generated from operations and timing of cash receipts and payments, partially offset by capital expenditures, investment in held to maturity securities and certain income tax benefits related to stock option exerc…”10-K · Sep 26, 2025 ↗
Copart, Inc.
CPRT
Market read
Copart, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- CPRT's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CPRT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- CPRT's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +9.7% year over year.
- Net margin changed +1.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.16x in the latest annual period.
No qualifying adverse evidence was identified; that is not proof there is no downside.
- P/E is 48% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 66% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
29.94Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The decrease in International, after excluding the negative fluctuations of currency exchange rates of $4.1 million, was primarily due to a lower average purchase price due to a change in the mix of vehicles sold, combined with a decrease in volume related to…”10-K · Sep 26, 2025 ↗
“Excluding depreciation and amortization, the increase in the U.S.”10-K · Sep 26, 2025 ↗
“Excluding depreciation and amortization, the increase in the U.S.”10-K · Sep 26, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 6.3× · EV/sales 6.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CPRT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CPRT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CPRT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CPRT is currently a Leader in the organic co-movement group Online Vehicle Auctions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for CPRT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.