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Copart Inc (NASDAQ: CPRT) |
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Price: $45.9800
$0.09 
0.196%
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| Day's High:
| $46.67
| Week Perf:
| -2.44 %
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| Day's Low: |
$ 45.55 |
30 Day Perf: |
-4.21 % |
| Volume (M): |
9,147 |
52 Wk High: |
$ 64.19 |
| Volume (M$): |
$ 420,581 |
52 Wk Avg: |
$54.80 |
| Open: |
$46.11 |
52 Wk Low: |
$45.52 |
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| Market Capitalization (Millions $) |
44,973 |
| Shares
Outstanding (Millions) |
978 |
| Employees |
9,625 |
| Revenues (TTM) (Millions $) |
4,591 |
| Net Income (TTM) (Millions $) |
1,475 |
| Cash Flow (TTM) (Millions $) |
1,277 |
| Capital Exp. (TTM) (Millions $) |
619 |
Copart Inc
Copart Inc. is an influential player in the online vehicle auction and remarketing services sector, headquartered in Dallas, Texas. Founded in 1982 by Willis Johnson, the company has evolved significantly from its early days as a single-location auction house to a global industry leader with a presence in over 175 countries.
Business Model and Operations
Copart specializes in providing a platform for the sale of salvage vehicles'those that insurance companies deem total losses'alongside vehicles that can be repaired. The company sources its inventory from a wide array of providers, including:
- Insurance Companies: Copart partners with insurers to auction off vehicles that have been involved in accidents or otherwise deemed unfit for repair.
- Rental Car Companies: When rental agencies rotate their fleets or dispose of older vehicles, Copart often acts as the auction house for these assets.
- Dealerships: New and used car dealers utilize Copart for auctioning off unsold inventory or trade-ins that are no longer viable for sale.
- Individuals: Private users can also sell their vehicles through Copart's auction platform, providing a convenient and efficient method to reach potential buyers.
Online Bidding Platform
Coparts online auction platform is designed to be user-friendly, offering potential buyers comprehensive access to vehicle details. Each listing typically includes:
- Detailed descriptions of the vehicles condition.
- Multiple high-resolution photos.
- Damage reports outlining the extent of any physical impairment.
- Vehicle history reports that provide insights into prior ownership and any incidents.
Buyers can participate in live auctions, place proxy bids, or choose the Buy It Nowoption when applicable. The platform streamlines the bidding process and enhances accessibility for a global user base.
Additional Services
In addition to vehicle auctions, Copart offers a suite of value-added services, including:
- Transportation: Copart coordinates the logistics of transporting vehicles to and from auction sites or directly to buyers.
- Storage: The company operates state-of-the-art storage facilities to ensure the security and upkeep of vehicles until they are sold.
- Vehicle Inspections: Copart provides inspection services to give buyers peace of mind regarding the condition of their vehicle.
Commitment to Sustainability
Coparts commitment to sustainability is reflected in various initiatives aimed at reducing environmental impact. Key practices include:
- Solar Power Utilization: The company harnesses solar energy at its headquarters to reduce reliance on non-renewable energy sources.
- Water Recycling: Copart implements water conservation strategies as part of its operational processes.
- Waste Reduction: By recycling materials and minimizing paper use, the company works to mitigate its environmental footprint.
- Vehicle Reuse Programs: Copart encourages the donation and repurposing of vehicles, further promoting a circular economy and minimizing waste.
Market Presence and Recognition
Currently, Copart has achieved a market capitalization exceeding $31 billion, reflecting its robust standing in the industry. It has garnered recognition for its corporate practices, including being named one of Forbes' Best Employers for Diversity and Best Employers for Women. With more than 200 locations worldwide and a dedicated workforce of thousands, Copart has solidified its status as a market leader in online vehicle auctions and remarketing services.
Overall, Copart Inc. continues to innovate within the vehicle auction domain while maintaining a focus on sustainability and community engagement, ensuring it remains at the forefront of the industry.
Company Address: 14185 Dallas Parkway Dallas 75254 TX
Company Phone Number: 391-5000 Stock Exchange / Ticker: NASDAQ CPRT
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| Stock Performances by Major Competitors |
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| Copart Inc
The recent financial report from Copart Inc paints a picture of a company that is facing numerous challenges despite its revenue growth. The most concerning aspect of the report is the significant contraction in EPS, which dropped by a staggering 72.92% to $0.39 per share in the third quarter of 2024. This is a drastic decline from the previous financial reporting period, where EPS had increased by 18.18% to $0.33 per share.
Despite the impressive revenue growth of 10.318% to $1.13 billion, Copart Inc's bottom line is clearly suffering. The fact that the company's net margin has eased to 33.9% is alarming, as it indicates that Copart Inc is struggling to convert its revenue growth into profits. Additionally, the operating earnings only improved by 4.36% to $437.203 million, which is far below what investors would expect given the substantial increase in revenue.
Furthermore, the recent appointment of a new CEO and Executive Chairman raises further concerns about the company's strategic direction. While Jeff Liaw may bring a wealth of experience to his new role as CEO, the sudden leadership shuffle could indicate internal turmoil within the company. Investors may be wary of how these changes will impact Copart Inc's future performance and growth potential.
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| Personnel Announcements
Published Mon, Mar 11 2024 8:03 PM UTC
Copart Appoints New CEO and Executive Chairman in a Strategic Leadership Shuffle
Dallas-based vehicle auction company, Copart, Inc. (NASDAQ: CPRT), has recently announced significant leadership changes with the appointment of Jeff Liaw as the company s sole Chief Executive Officer (CEO) and Jay Adair as the Executive Chairman. The move comes as the company aims to streng...
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| Copart Inc
Investors in Copart Inc. (NASDAQ: CPRT) have been closely monitoring the company's financial performance in the November to January 31 2024 time-frame, as the automotive aftermarket company announced mixed results in its latest financial report. While revenue rose by 6.629% to $1.02 billion compared to the previous year, income per share took a hit, diving by -72.95% to $0.33 per share.
Despite the decrease in income per share, Copart Inc. reported a bottom-line of $325.527 million, which marks a 10.85% increase from the previous year. The company has been focusing on capital expenditure, R&D, and personnel to support future value creation for investors. Operating margin fell slightly to 37.24%, but the net margin improved to 31.91%.
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| Copart Inc
As a financial analyst, I have been closely monitoring the recent financial results of Copart Inc. and the impact it has had on its shares. The latest financial period ending on October 31, 2023, has shown some interesting trends for the company.
Despite a considerable increase in revenue by 14.2% to $1.02 billion from the corresponding period last year, Copart Inc experienced a reduction in earnings per share (EPS). Net profit per share plummeted by 66.67% to $0.34 per share. This downturn in EPS is alarming for investors as it indicates a potential decline in profitability for the company.
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| Copart Inc
Interpreting the Financial Results of Copart Inc: A Resilient Force in the Automotive Aftermarket Industry
As a journalist , it is my duty to analyze and interpret the financial results of various companies to provide valuable insights to our readers. Today, I delve into the recent financial results of Copart Inc, a prominent player in the Automotive Aftermarket industry.
In the fiscal period closing July 31, 2023, Copart Inc witnessed a demise in earnings per share (EPS) despite a significant growth in revenue. While revenue increased by an impressive 12.928% to $997.59 million, income took a sharp fall of -95.12% to $0.11 per share. These financials indicate that Copart Inc has managed to advance its revenue amidst a challenging environment faced by most of its industry counterparts, who are currently experiencing business decline.
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| Per Share |
Current |
| Earnings (TTM) |
1.38 $ |
| Revenues (TTM) |
4.69 $
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| Cash Flow (TTM) |
1.31 $ |
| Cash |
-
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| Book Value |
8.98 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
1.38 $
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| Revenues (TTM) |
4.69 $ |
| Cash Flow (TTM) |
1.31 $ |
| Cash |
-
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| Book Value |
8.98 $ |
| Dividend (TTM) |
0 $ |
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| Service revenues |
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 85.4 % |
of total Revenue |
| Service revenues United States United States |
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74.16 % |
of total Revenue |
| Service revenues International International |
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11.24 % |
of total Revenue |
| Vehicle sales |
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14.6 % |
of total Revenue |
| Vehicle sales United States United States |
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8.9 % |
of total Revenue |
| Vehicle sales International International |
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5.7 % |
of total Revenue |
| Service revenues United States US |
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74.16 % |
of total Revenue |
| Vehicle sales United States US |
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8.9 % |
of total Revenue |
| United States US |
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83.06 % |
of total Revenue |
| International International |
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16.94 % |
of total Revenue |
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0.05% 