CPRT

Business profile & competitive position

Copart, Inc. (CPRT) sits in the Industrials sector under the Specialty Business Services industry. At its core, Copart is an online vehicle-auction and vehicle-remarketing platform. It sells vehicles over the internet, mainly through its Virtual Bidding Third Generation (VB3) platform, acting mostly as an agent on behalf of sellers. In fiscal 2025, insurance companies supplied 81% of the vehicles Copart processed, while buyers include licensed dismantlers, rebuilders, repair licensees, used-vehicle dealers, exporters, and the general public. The company also acts as a principal in the U.K., Germany, and Spain, buying and reselling vehicles for its own account.

The margin and return profile backs up the story of a platform-style business. Fiscal 2025 revenue was $4.6 billion and operating income was $1.7 billion, implying an operating margin of roughly 37%. Return on equity came in at 16.6%. Those figures point to real pricing power and operational leverage, but they also come with a structural concentration risk: a single seller group—insurance carriers—drives the overwhelming majority of volume. Additionally, the U.S. segment accounted for 83.0% of revenue versus 17.0% internationally, so while the footprint spans the U.K., Germany, Brazil, Canada, the U.A.E., Spain, Finland, Oman, Ireland, and Bahrain, Copart is still primarily a U.S.-based franchise.

Financial posture

Copart currently carries a market capitalization of $29.3 billion. The stock’s beta is 1.01, which translates to market-like systematic risk rather than a highly volatile, economically sensitive name. Its ROE of 16.6% sits comfortably above the broad-market average and aligns with a business that earns high incremental returns on a relatively asset-light technology layer.

The latest price snapshot puts CPRT at $31.70, with the Relative Strength Index at 65.5 and the 50-day exponential moving average at $29.84. That means shares are trading above their intermediate moving average and are approaching the upper end of the RSI range without being deeply overbought. Valuation shorthand such as P/E is not provided in this data set, so any judgment about whether the stock is “cheap” or “expensive” must lean on the real figures available: a $29.3 billion market cap, a high-30s operating margin, and a mid-teens ROE supported by a fee- and transaction-driven model.

Strategic priorities & outlook

Copart’s most recent 10-K lays out a clear set of operational priorities. The company intends to continue acquiring and developing vehicle storage facilities in key markets, including outside the U.S.; pursue global, national, and regional supply agreements with vehicle sellers; add services for sellers and members, including real-time data access and salvage-management tools; and expand VB3 into new markets while applying its pricing, auction procedures, and cost-efficiency playbook to newly acquired facilities.

These priorities are already showing up in the footprint. In fiscal 2025, Copart opened one new facility in the U.K., two in Spain, and three in the U.S., and it maintains a database of approximately 1 million registered members. A notable operational detail from the filing is that 69.8% of U.S. vehicles sold in fiscal 2025 were bought by members registered outside the state where the vehicle was located, underscoring the national reach of the platform and the value of online liquidity to sellers.

Macro & geopolitical exposure

Because Copart operates as an Industrials/Specialty Business Services company tied to insurance-driven vehicle salvage and remarketing, its exposures stem mainly from auto-insurance claim volumes, accident frequency and severity, used-vehicle prices, and the physical-storage side of the business. Regulation around salvage titles, towing, and vehicle-recycling rules can affect operating procedures across states and countries. Internationally, expansion into Europe, the Middle East, and the Americas introduces currency, customs, logistics, and local zoning risks for vehicle-storage yards. Broader trade tensions or tariffs on used vehicles and replacement parts could ripple through dismantler and exporter demand, while economic weakness typically reduces miles driven and, eventually, accident-related salvage supply. These are sector-level sensitivities rather than company-specific forecasts.

Recent developments

August headlines have painted a mixed near-term picture. On 2026-08-12, Zacks.com noted that Copart stock slid even as the broader market rose, and on 2026-08-05 Zacks.com highlighted that CPRT suffered a larger decline than the general market. Against that backdrop, insider activity drew attention: on 2026-08-07, Motley Fool reported that CEO Jeffrey Liaw sold 27,745 shares for roughly $846,000. Offsetting that narrative, on 2026-08-03 Defenseworld.net reported that Empowered Funds LLC increased its stake in the company. Taken together, the news flow shows institutional accumulation coexisting with short-term price weakness and an insider sale.

Earnings behavior & post-earnings drift

Over the last eight reported quarters, Copart has beaten earnings estimates 5 times, for a beat rate of 71%, with an average earnings surprise of 2%. Yet the average 5-day post-earnings move across those quarters has been -3.29%, classified as a down drift. That is a meaningful disconnect: the headline beat-rate is solid, but the stock’s reaction pattern has not rewarded beats in the days that follow.

The last four reports illustrate the point clearly:

• 2026-05-21: EPS of $0.43 beat the estimate of $0.4063 by 5.8%, but the stock fell 1.77% the next day and 4.74% over the next five sessions.
• 2026-02-19: EPS of $0.36 missed the estimate of $0.3925 by 8.3%, sending the stock down 3.11% the next day and 1.33% over the following five days.
• 2025-11-20: EPS of $0.41 beat the estimate of $0.3897 by 5.2%, yet the stock slipped 0.71% the next day and 4.97% over five sessions.
• 2025-09-04: EPS of $0.41 beat the estimate of $0.3613 by a wide 13.5%, but the stock dropped 2.80% the next day and 2.14% over the following five sessions.

The pattern suggests that the market’s real expectation may run ahead of the official consensus, and that positive prints are often met with profit-taking rather than follow-through buying. Copart is scheduled to report next on 2026-09-03 after the close, with the current consensus EPS estimate at $0.3869. For readers who assume “beat equals pop and hold,” the recent history is a reminder that post-earnings drift can move independently of the headline surprise.

For a deeper look at how institutional analysts are interpreting Copart’s valuation, insurance-carrier concentration, and international rollout, review the full institutional verdict on the ticker page.