Copart

Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. The firm sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to the general public. The company’s services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. Copart was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.

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CPRT reports steady Q1 growth and eyes international expansion

CPRT's Q1 performance reflects steady growth and a strong customer base. While facing challenges in the insurance industry, the company is well-positioned to capitalize on opportunities in new customer segments and international markets. The call highlighted the company's responsible approach to capital stewardship and potential strategic investments.

Copart delivers solid Q2 results, eyes AI integration for growth

Copart's Q2 2023 performance reflects resilience and growth amidst industry changes. While facing challenges like cost inflation and ASP declines, the company maintains a strong financial position and pursues opportunities for optimization and innovation.

Copart excels in Q3 earnings amidst insurance challenges and growth opportunities

Copart delivered robust financial performance in Q3 2023, driven by revenue growth, improved gross profit margin, and strong operating cash flow.
The company faces challenges in the insurance business due to suppressed total loss volumes and pricing pressures, but opportunities exist in data analytics and service expansion.
By focusing on enhancing services, leveraging data insights, and adapting to market trends, Copart is well-positioned for continued growth and client satisfaction.

Copart reports robust earnings growth, eyes opportunities in insurance industry

Copart's Q4 2023 earnings call highlighted strong financial performance, driven by revenue growth, margin improvement, and strategic investments in sustainability and technology. The company's resilience, commitment to innovation, and focus on customer needs position it well for future growth opportunities. Challenges in adapting to evolving market demands and cautious expansion strategies underscore Copart's strategic approach to sustainable business growth.

Copart reports robust Q1 earnings, invests in sustainability and growth

Copart's Q1 earnings call highlighted strong financial results, growth in key segments, and strategic investments in expanding its marketplace capabilities. The company's focus on sustainability, revenue diversification, and operational efficiency positions it well for future growth and market leadership.

Copart reports robust Q2 earnings, eyes growth amid challenges

Copart's Q2 2024 earnings call highlighted strong financial performance, operational efficiency, and strategic growth initiatives.
While facing challenges like total loss frequency and cash flow decrease, the company remains focused on capitalizing on opportunities for expansion and profitability.
With a resilient business model and a focus on talent and partnerships, Copart is well-positioned to navigate market dynamics and drive sustainable growth.
Investors should monitor Copart's progress in addressing challenges and leveraging opportunities to assess its long-term financial health and competitive position.

Copart reports robust Q3 earnings, eyes global expansion for growth

Copart delivered strong financial performance in Q3 2024, with revenue and profit growth across key business segments.
Despite challenges like supply chain disruptions and margin pressures, the company remains optimistic about future growth.
By focusing on cost-saving initiatives, global expansion, and revenue diversification, Copart is strategically positioned for continued success.

Copart reports revenue growth but faces margin pressure in Q4

Copart's Q4 2024 earnings call reflects a mixed performance with strong revenue growth but declining profit margins.
The company's service offerings and partnerships remain key strengths, while challenges in total loss frequency and profitability persist.
Exploring opportunities in noninsurance seller segments and service expansion could drive future growth and mitigate current challenges.

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Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It offers vehicle sellers a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. The firm sells vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters and at certain locations, and the public. The company’s services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. Copart was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.

Copart, Inc. (CPRT) reachead $52.18 at the closing of the latest trading day, reflecting a +0.64% change compared to its last close.

Copart, Inc. (CPRT) Beats Stock Market Upswing: What Investors Need to Know

The latest trading day saw Copart, Inc. (CPRT) settling at $51.36, representing a -1.36% change from its previous close.

Copart, Inc. (CPRT) Registers a Bigger Fall Than the Market: Important Facts to Note

Investors need to pay close attention to Copart (CPRT) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Copart (CPRT) Stock?

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Copart (CPRT) reported earnings 30 days ago. What's next for the stock?

Why Is Copart (CPRT) Up 5.4% Since Last Earnings Report?

Copart's strong market position and first-mover advantage in online vehicle auctions have driven impressive annual returns of 28.6% over the past decade. The company's robust balance sheet, with substantial liquidity and minimal debt, supports ongoing expansion and long-term growth without needing external capital. Despite recent margin compression due to increased operating expenses, Copart's strategy of prioritizing customer service and long-term relationships with insurers remains sound.

Copart: Trading Short-Term Results For Long-Term Market Share Will Fuel Future Compounding

CPRT's rising operating expenses, coupled with higher capital spending and downward EPS estimate revisions for fiscal 2025, cast doubt on its prospects.

Copart's Shares Plunge 10% in 6 Months: More Downside Ahead?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Brokers Suggest Investing in Copart (CPRT): Read This Before Placing a Bet

Copart has grown from a junkyard to a $47 billion leader in vehicle auctions and remarketing, benefiting from strong demand drivers like aging fleets, accidents, and sustainability trends. Despite impressive sales and cash flow growth in fiscal 2024, Copart faced margin pressure due to rising costs and investments in growth. The company remains debt-free with strong liquidity. While Copart's long-term outlook is strong, its current valuation appears high given economic risks and lower margins. I maintain a Neutral rating, looking for better buying opportunities.

Copart: Fantastic Business, Tricky Valuation

Q4 revenue reached $1.07 billion, up 7.2% year over year. Fiscal 2024 revenue totalled $4.24 billion, up 9.5%.

Copart's Q4 Saw Top-Line Growth, But Bottom-Line Contractions

Copart, Inc. (NASDAQ:CPRT ) Q4 2024 Earnings Conference Call September 4, 2024 5:30 PM ET Company Participants Jeff Liaw - Chief Executive Officer Leah Stearns - Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities John Healy - Northcoast Research Craig Kennison - Robert W. Baird & Co. Chris Bottiglieri - Exane BNP Paribas Bret Jordan - Jefferies Jash Patwa - JPMorgan Operator Good day, everyone, and welcome to the Copart Incorporated Fourth Quarter Fiscal 2024 Earnings Call.

Copart, Inc. (CPRT) Q4 2024 Earnings Call Transcript

Copart, Inc. (CPRT) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.34 per share a year ago.

Copart, Inc. (CPRT) Misses Q4 Earnings Estimates

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2024. For the three months ended July 31, 2024, revenue, gross profit, and net income attributable to Copart, Inc. were $1.1 billion, $454 million, and $323 million, respectively. These represent an increase in revenue of $71.4 million, or 7.2%; a decrease in gross profit of $(4.0) million, or (0.9)%; and a decrease in net income attributable to Copart, Inc. of $(25.2) m.

Copart Reports Fourth Quarter Fiscal 2024 Financial Results

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the fourth quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Wednesday, September 4, 2024. On Wednesday, September 4, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter. The call will be webcast live and available for access by clicking “Listen Here” at www.copart.com/investorrelations. A re.

Copart, Inc. to Release Fourth Quarter Fiscal 2024 Results

In the latest trading session, Copart, Inc. (CPRT) closed at $52.56, marking a -0.38% move from the previous day.

Why Copart, Inc. (CPRT) Dipped More Than Broader Market Today

Copart is a leading online vehicle auctioning platform operating in 11 countries. Many investors are brushing off the company, it's currently trading at 35x P/E, higher than its 5-year historical average. I expect the company to continue trading at such a multiple considering the growth opportunities, healthy financial profile, and resilient business model.

Copart: Resilient Business With A Wide Moat

Copart, Inc. (CPRT) closed at $51.59 in the latest trading session, marking a +0.55% move from the prior day.

Copart, Inc. (CPRT) Rises Yet Lags Behind Market: Some Facts Worth Knowing

In the most recent trading session, Copart, Inc. (CPRT) closed at $50.97, indicating a +1.41% shift from the previous trading day.

Copart, Inc. (CPRT) Rises But Trails Market: What Investors Should Know

Copart, Inc. (CPRT) reachead $49.18 at the closing of the latest trading day, reflecting a -0.97% change compared to its last close.

Copart, Inc. (CPRT) Suffers a Larger Drop Than the General Market: Key Insights

Copart, Inc. (CPRT) closed at $51.05 in the latest trading session, marking a +1.23% move from the prior day.

Copart, Inc. (CPRT) Outperforms Broader Market: What You Need to Know

Copart, Inc. (CPRT) concluded the recent trading session at $51.71, signifying a +0.12% move from its prior day's close.

Copart, Inc. (CPRT) Increases Despite Market Slip: Here's What You Need to Know

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DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that Leah Stearns, the company's Chief Financial Officer, will participate in a fireside chat at Baird's Global Consumer, Technology & Services Conference on Thursday, June 6, 2024. The presentation is scheduled for 10:15 am Eastern Time. A live audio webcast of the presentation will be accessible via the Investor Relations section of the company's website at www.copart.com/investorrelations. An audio replay of the webcast.

Copart, Inc. to Present at Baird's Global Consumer, Technology & Services Conference

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Investors looking for worthwhile companies to add to their portfolios should consider a few factors that make up a ‘high-quality' stock. The company's product or service and the relative moat around them are among these factors.

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