Copart Inc.
Find Ratings ReportsCOPART INC's gross profit margin for the second quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. COPART INC is extremely liquid. Currently, the Quick Ratio is 6.71 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 30.18% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q2 FY24 | Q2 FY23 |
---|---|---|
Net Sales ($mil) | 1020.15 | 956.72 |
EBITDA ($mil) | 425.16 | 403.94 |
EBIT ($mil) | 379.9 | 365.53 |
Net Income ($mil) | 325.64 | 293.68 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 2668.07 | 1660.95 |
Total Assets ($mil) | 7598.52 | 5932.41 |
Total Debt ($mil) | 115.1 | 108.13 |
Equity ($mil) | 6787.6 | 5213.65 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 49.54 | 48.14 |
EBITDA Margin | 41.67 | 42.22 |
Operating Margin | 37.24 | 38.21 |
Sales Turnover | 0.53 | 0.62 |
Return on Assets | 17.85 | 18.23 |
Return on Equity | 19.98 | 20.75 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 7.13 | 5.41 |
Debt/Capital | 0.02 | 0.02 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 961.31 | 953.13 |
Div / share | 0.0 | 0.0 |
EPS | 0.33 | 0.31 |
Book value / share | 7.06 | 5.47 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 4679593.0 | 4215326.0 |
BUY. COPART INC's P/E ratio indicates that it is valued on par with an average of 40.59 for the Wholesale Trade Agents and Brokers subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 7.99 indicates a significant premium when compared to the S&P 500 average of 4.68 and valuation on par with the subsector average of 7.99. The price-to-sales ratio is significantly above the S&P 500 average, but it is similar to the subsector average, indicating a premium. The valuation analysis reveals that, COPART INC appears to be valued on par with the investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CPRT 40.59 | Peers 40.59 | CPRT 38.66 | Peers 38.66 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. CPRT is trading at a valuation on par with its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CPRT is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CPRT 34.61 | Peers 34.61 | CPRT NM | Peers 0.00 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CPRT is trading at a premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CPRT's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CPRT 7.99 | Peers 7.99 | CPRT 23.55 | Peers 23.55 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CPRT is trading at a valuation on par with its peers. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CPRT is expected to keep pace with its peers on the basis of earnings growth. |
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Price/Sales |
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Sales Growth |
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CPRT 13.36 | Peers 13.36 | CPRT 10.52 | Peers 10.52 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CPRT is trading at a valuation on par with its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. CPRT is keeping pace with its peers on the basis of sales growth. |
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