CPRT · NasdaqGS
Specialty Business Services · United States
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-19 (provider estimate, not issuer-confirmed).
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
Company websiteQ4 FY2026
Published 2026-09-10
Short takes Q4 FY2026
CPRT Stock: Copart Q4 FY2026 — What Lifted Free Cash? #Shorts
Watch Short on YouTube
Q4 FY2026 REPORT HIGHLIGHTS
Copart’s lower capital spending lifts free cash flow while US margins, operating cash and earnings weaken. Three valuation routes test what the rebound requires.
Capital spending fell $231.6M, more than offsetting a $195.3M decline in cash generated by operations.
US quarterly operating profit fell $45.3M. International profit improved only $1.6M, despite double-digit sales growth.
Annual cash repurchases were $1.633B; quarterly diluted average shares fell 4.7%, while net profit declined 17.4%.
Cash and held-to-maturity securities total $4.490B. Restricted and foreign balances mean this is not an immediately distributable dividend.
Our cash model requires roughly 13.7% annual five-year growth to explain the after-hours price, versus 7% in our base model.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | CPRTCopart, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 |
|---|---|
| Market capMarket value, converted to USD | US$27.11B |
| Forward P/EProvider forward earnings estimate | 16.54x |
| EV / EBITDAEnterprise value / trailing EBITDA | 12.09x |
| Revenue growthLatest quarter vs prior-year quarter | 2.4% |
| Operating marginLatest reported quarter | 32.0% |
| Free cash flow yieldTrailing cash flow / market cap | 3.3% |
| Net debt / EBITDANet debt / trailing EBITDA | -2.34x |
| Debt / equityTotal debt / positive book equity | 0.01x |
| Trailing P/ETrailing twelve-month earnings | 18.89x |
| Price / bookPrice / positive book equity per share | 2.98x |
| EV / salesEnterprise value / trailing revenue | 4.88x |
| Earnings growthLatest quarter vs prior-year quarter | -14.6% |
| Gross marginTrailing twelve months | 49.0% |
| Net marginTrailing twelve months | 31.8% |
| Return on equityProvider trailing return; positive equity only | 16.2% |
| Free cash flow marginTrailing free cash flow / revenue | 19.0% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 7.91x |
| BetaProvider historical market sensitivity | 1.03 |
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Price history loads separately.
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
FREE RESEARCH PACKET · Q4 FY2026
Copart’s lower capital spending lifts free cash flow while US margins, operating cash and earnings weaken. Three valuation routes test what the rebound requires.
Research published September 10, 2026 · Download original report
Read Research PacketPresentation · 2026-09-10 · YouTube
Short takes Q4 FY2026
CPRT Stock: Copart Q4 FY2026 — What Lifted Free Cash? #Shorts
Watch Short on YouTube
Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.
