Feed / CPRT

Copart, Inc.

CPRT

Industrials · 27.23 -0.2% today

Isolated · not yet confirmedMarket checked 2 Oct, 15:55 GMT-4

Market read

No connected market move is active around Copart, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

P/E17.1xlatest annual facts
Revenue YoY+9.7%2025-07-31
Operating margin36.5%-0.6 pts YoY
Company-0.2% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Vehicle volume declined as sellers shifted to a consignment model, changing the relationship between cars handled and revenue.
  • Revenue per car increased because of vehicle mix, offsetting part of the volume decline.

Invalidation: The isolated read changes if CPRT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Business Services

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Vehicle volume declined as sellers shifted to a consignment model, changing the relationship between cars handled and revenue.
  • Revenue per car increased because of vehicle mix, offsetting part of the volume decline.

Company research

Understand the business, not just the ticker

As of Oct 3, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations617
Usable filing statements84
Verified relationships1
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 52% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 54% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 2, 2026

27.23
6m-18.5%12m-39.6%24m-47.7%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-07-31$2.7B+22.1%$0.97—
2022-07-31$3.5B+30.0%$1.13+0.4%
2023-07-31$3.9B+10.5%$1.28+0.2%
2024-07-31$4.2B+9.5%$1.40+0.8%
2025-07-31$4.6B+9.7%$1.59+0.3%

What management says matters

Persistent and emerging business drivers

Foreign exchangenegative · 3 filings
“The increase in International, after excluding the negative fluctuations of currency exchange rates of $(10.6) million, was primarily due to an increase in average purchase price due to change in the mix of vehicles sold offset by a decrease in volume related…”
10-K · Sep 29, 2026 ↗
Capital investment and capacitypositive · 2 filings
“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 ↗
Input and raw-material costsmixed · 2 filings
“Excluding depreciation and amortization, the increase in the U.S.”
10-K · Sep 26, 2025 ↗
Labor availability and costsmixed · 2 filings
“Excluding depreciation and amortization, the increase in the U.S.”
10-K · Sep 26, 2025 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.7× · EV/sales 5.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

27.23-0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 2 Oct, 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 Unknown Theme. 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.