Loading…
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It offers a range of services to process and sell vehicles over the internet through its virtual bidding third generation internet auction-style sales technology. 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; and copart 360, a proprietary technology that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans. In addition, it provides IntelliSeller, an automated tool leveraging its 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; wholesale powersport vehicle remarketing services through live and online auction platforms. The company sells its products 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
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.6B | $1.9B | $1.6B | $1.2B | 16.9% | 9.7% | 13.9% |
| 2024 | $4.2B | $1.8B | $1.4B | $962M | 18.1% | 9.5% | 10.1% |
| 2023 | $3.9B | $1.6B | $1.2B | $848M | 20.7% | 10.5% | 13.5% |
| 2022 | $3.5B | $1.5B | $1.1B | $839M | 23.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,500.92 | 3,869.52 | 4,236.82 | 4,646.96 |
| Operating Revenue | - | 3,500.92 | 3,869.52 | 4,236.82 | 4,646.96 |
| Cost Of Revenue | - | 1,894.70 | 2,132.53 | 2,329.57 | 2,547.32 |
| Gross Profit | - | 1,606.22 | 1,736.99 | 1,907.25 | 2,099.64 |
| Operating Expense | - | 231.22 | 250.42 | 335.23 | 402.93 |
| Selling General And Administration | - | 231.22 | 250.42 | 335.23 | 402.93 |
| Total Expenses | - | 2,125.92 | 2,382.95 | 2,664.80 | 2,950.24 |
| Operating Income | - | 1,375 | 1,486.57 | 1,572.02 | 1,696.71 |
| Total Operating Income As Reported | - | 1,375 | 1,486.57 | 1,572.02 | 1,696.71 |
| EBITDA | - | 1,513.60 | 1,646.25 | 1,762.28 | 1,914.50 |
| Normalized EBITDA | - | 1,530.36 | 1,646.25 | 1,762.28 | 1,914.50 |
| EBIT | - | 1,375 | 1,486.57 | 1,572.02 | 1,696.71 |
| Interest Expense | 20.25 | 16.69 | - | - | - |
| Net Interest Income | - | -16.69 | 65.93 | 145.67 | 178.91 |
| Other Non Operating Income Expenses | - | -0.60 | 1.83 | -3.10 | 19.96 |
| Other Income Expense | - | -17.36 | 1.83 | -3.10 | 19.96 |
| Interest Expense Non Operating | 20.25 | 16.69 | - | - | - |
| Net Non Operating Interest Income Expense | - | -16.69 | 65.93 | 145.67 | 178.91 |
| Pretax Income | - | 1,340.95 | 1,554.33 | 1,714.60 | 1,895.58 |
| Tax Provision | - | 250.82 | 316.59 | 352.25 | 347.22 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.13 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1,090.13 | 1,237.74 | 1,362.35 | 1,548.36 |
| Net Income From Continuing And Discontinued Operation | - | 1,090.13 | 1,237.74 | 1,363.02 | 1,552.45 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,090.13 | 1,237.74 | 1,363.02 | 1,552.45 |
| Net Income | - | 1,090.13 | 1,237.74 | 1,363.02 | 1,552.45 |
| Net Income Common Stockholders | - | 1,090.13 | 1,237.74 | 1,363.02 | 1,552.45 |
| Net Income Including Noncontrolling Interests | - | 1,090.13 | 1,237.74 | 1,362.35 | 1,548.36 |
| Normalized Income | - | 1,103.76 | 1,237.74 | 1,363.02 | 1,552.45 |
| Diluted NI Availto Com Stockholders | - | 1,090.13 | 1,237.74 | 1,363.02 | 1,552.45 |
| Basic Average Shares | - | 949.68 | 953.57 | 960.74 | 965.31 |
| Diluted Average Shares | - | 964.60 | 966.65 | 974.80 | 977.56 |
| Reconciled Depreciation | - | 138.60 | 159.68 | 190.26 | 217.78 |
| Reconciled Cost Of Revenue | - | 1,894.70 | 2,132.53 | 2,329.57 | 2,547.32 |
| Total Unusual Items | 0 | -16.76 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | -16.76 | 0 | 0 | - |
| Minority Interests | - | 0 | 0 | 0.67 | 4.09 |
| Special Income Charges | 0 | -16.76 | 0 | 0 | - |
| Other Special Charges | - | 16.76 | - | - | - |
| General And Administrative Expense | - | 231.22 | 250.42 | 335.23 | 402.93 |
| Other Gand A | - | 231.22 | 250.42 | 335.23 | 402.93 |
| Total Other Finance Cost | - | 16.69 | -65.93 | -145.67 | -178.91 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Copart, Inc.this co. | CPRT | $28.5B | 18.35↓ discount | 3.10 | 16.9% | 13.48 |
| United Airlines Holdings, Inc. | UAL | $34.1B | 10.16 | 2.23 | 21.9% | 7.03 |
| Dover Corporation | DOV | $28.7B | 26.28 | 3.88 | 14.8% | 16.44 |
| Ingersoll Rand Inc. | IR | $28.2B | 48.47 | 2.79 | 5.8% | 18.75 |
| Otis Worldwide Corporation | OTIS | $26.8B | 19.37 |
| - |
| - |
| - |
| - |
| -4.97 |
| -25.7% |
| 14.29 |
| J.B. Hunt Transport Services, Inc. | JBHT | $26.7B | 44.65 | 7.49 | 16.8% | 17.78 |
| Xylem Inc. | XYL | $26.2B | 27.37 | 2.28 | 8.3% | 15.00 |
| Hubbell Incorporated | HUBB | $25.6B | 28.91 | 6.66 | 23.1% | 19.90 |
| Verisk Analytics, Inc. | VRSK | $23.6B | 25.96 | 76.32 | 293.9% | 15.76 |
| Peer Median | - | 26.82 | 3.34 | 15.8% | 16.10 | |