Copart Inc (CPRT) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Copart Inc stock $35.12, price $32.62, upside +7.7%, quality 71 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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The stock costs about what our calculation considers fair.
Quality 71/100
Healthy Growth(revenue 5y +11.6 %/yr in USD)
Highly profitable · 31.8% net margin (TTM)
Low debt
Generates free cash flow
Wide moat86/100
Upbeat coverage
Fair value $35.12 · Fairly valued (+7.7%)
Mixed vs. peers(7/14)
Insiders sold $3.6M (6M)
Some data
Quality growth
Risks from the AI analysis
🚩Price drop: Flat revenue and lower operating income driven by softer volumes after hurricane gains faded🚩Autonomous vehicles cut salvage volumes🚩RB Global/IAA gains insurer volume🚩Heavy reliance on few insurers
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $25.70 – $63.84 · fair‑value band $22.72 – $43.84 · the $32.62 price screens below the $35.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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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.
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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
Stock analysis
Copart Inc (CPRT) currently trades at $32.62, while our model-based Fair Value estimate is $35.12, so the stock looks roughly fairly valued today (gap 7.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $34.20 per share, and 10 of the 24 models we run sit above the $32.62 price.
Bear case: the Asset-Based group reads lowest at $5.01, and 14 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $22.72 (bear) to $43.84 (bull), the price of $32.62 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Copart Inc reported revenue of $4.7B in FY2026 versus $3.5B in FY2022, a compound +7.4%/yr. Reported net income was $1.5B in FY2026, compounding +8.0%/yr from FY2022.
Key figures
Market cap $31.2B Large · P/E ratio 21.0 · P/S ratio 6.69 · EPS (TTM) $1.55 · Net margin 31.8% · Return on equity 16.2% · Return on assets (EBIT) 20.0% · Operating margin 32.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 8%, CPRT screens cheaper than that median.
Fair Value models
Bear$22.72Fair Value $35.12Bull$43.84
Price $32.62 · Upside +7.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then ($0.4119 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $3.6M and none bought.
SaleDiane M MorefieldDirector20,000 shares at $27.66$553,200Oct 15, 2026
SaleJeffrey LiawChief Executive Officer3× since Jan 15, 2026: 79,095 shares, avg. $34.46$2.7MJul 28, 202610b5-1 plan
SaleDaniel J EnglanderDirector80,000 shares at $27.55$2.2MJul 13, 2026
SaleThomas N TryforosDirector100,000 shares at $39.07$3.9MNov 25, 2025
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
Start year 2021 (pandemic). Over 10 years: +13.9% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.7% vs 18.8%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.42% → 35%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +7.1% a year for the price and +9.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Copart's leading online vehicle auction network provides a moderate moat through scale and network effects, yet its business quality is tempered by limited innovation signals and recent volume softness.
Main risk: Widespread adoption of autonomous driving technology could reduce accident rates and total-loss vehicles, shrinking the supply of salvage cars that insurers send to Copart's auctions and directly cutting transaction volumes and revenue.
Bull case: Copart could integrate ACV's digital inspection tools to strengthen its platform, retain insurer relationships through superior recovery rates and expand into dealer remarketing while using AI internally to boost operational efficiency.
Bear case: Faster-than-expected autonomous vehicle adoption combined with insurers shifting volume to RB Global or handling salvage in-house could steadily erode Copart's core supply, forcing underutilized yards, margin compression and a structurally smaller business.
Copart operates a leading online vehicle auction network with strong network effects. Its latest results showed essentially flat revenue and lower operating income, driven by softer volumes after one-time hurricane gains faded, even while deploying substantial cash to complete the ACV Auctions acquisition. Does this move meaningfully extend its platform advantages, or does it mainly add integration and execution risks amid ongoing volume pressure?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Business Services · 230 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+7.7% · Above median
Profitability
Return on equity (12 months)16.2% · Above median
Return on assets14.8% · Top 25%
Net margin (12 months)31.8% · Top 25%
Operating margin (12 months)32.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.4% · Below median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Copart Inc Fair Value". https://www.fairvalue-calculator.com/stock/CPRT
Frequently asked questions
Is Copart Inc (CPRT) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $35.12 versus a price of $32.62, about +8% upside (fairly valued).
What is the fair value of CPRT?
Our model-based fair value for Copart Inc is $35.12 (as of Nov 3, 2026), built from audited fundamentals. The current price: $32.62.
What is the quality score of CPRT?
Copart Inc has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Copart Inc (CPRT)?
Our model-based price target is the fair value of $35.12 (as of Nov 3, 2026) from 24 valuation models. Cautious scenario $22.72, optimistic scenario $43.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Copart Inc stock forecast for 2026?
Our models put fair value at $35.12, about +8% upside versus a price of $32.62 (fairly valued). Cautious scenario $22.72, optimistic scenario $43.84. The calculation is refreshed regularly with new filings.
What is the revenue of Copart Inc (CPRT)?
Copart Inc reported trailing-twelve-month revenue of about $4.7B (latest available figure, as of Nov 3, 2026).
What growth is priced into Copart Inc (CPRT)?
For today's price to be fair in a discounted-cash-flow model, Copart Inc would have to grow free cash flow by +9.6 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of CPRT use?
Our models discount Copart Inc at 9.4 %: a base by market capitalisation (large), damped by beta 1.06, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Copart Inc that is +9.6 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Copart Inc (CPRT) delivered so far?
Over the past 5 years revenue at Copart Inc grew +11.6 % a year. The price currently implies +9.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Copart Inc (CPRT) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Copart Inc (+9.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Copart Inc (CPRT)?
The free-cash-flow yield on the price is 4.06 %: that much free cash flow Copart Inc produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Copart Inc (CPRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Copart Inc it is $35.12 per share (as of Nov 3, 2026), against a price of $32.62. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Copart Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, CPRT trades below its calculated fair value: price $32.62, fair value $35.12, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CPRT?
No. The price is what the market pays today ($32.62); the fair value is what the company's own numbers justify ($35.12). For Copart Inc the two are $2.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Copart Inc worth?
The market values Copart Inc at about $31.2B (market capitalisation, as of Nov 3, 2026). Per share that is $32.62; our models calculate a fair value of $35.12 per share.
What do the bullish and bearish scenarios say about CPRT?
Our models span a range for Copart Inc: cautious scenario $22.72, base $35.12, optimistic $43.84 per share (as of Nov 3, 2026, price $32.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CPRT?
Copart Inc trades at a price-to-earnings ratio of 21.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $35.12 is built from several models across several years. Other multiples: PEG 2.8, P/B 3.4, P/S 6.7, EV/EBITDA 15.7.
What is the PEG ratio of CPRT?
The PEG ratio of Copart Inc is 2.83 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Copart Inc (CPRT)?
Balance-sheet figures for Copart Inc (as of Nov 3, 2026): return on equity 16.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is CPRT from its 52-week high?
Copart Inc trades at $32.62, about 24% below its 52-week high of $42.85 and 24% above the low of $26.27 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $35.12 is for.
Which stocks are comparable to Copart Inc?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Global Payments Inc, Wolters Kluwer N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Copart Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $32.62, calculated fair value $35.12 (+8%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CPRT calculated?
We run Copart Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $35.12, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. Copart Inc currently trades 7% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Copart Inc (CPRT)?
The closing price on Nov 4, 2026 was $32.62. Our model-based fair value is $35.12, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Copart Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($22.72 to $43.84) leaves room in how you read the outcome.
Where does the earnings growth of Copart Inc (CPRT) come from?
Earnings per share at Copart Inc grew +19.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +15.3 %, EBIT margin +1.6 %, tax rate +0.7 %, residual (interest, one-offs) +1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Copart Inc
How large is the market capitalisation of Copart Inc (CPRT)?
The market capitalisation of Copart Inc is $31.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Copart Inc (CPRT)?
The price-to-sales ratio of Copart Inc is 6.69 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Copart Inc (CPRT)?
Earnings per share at Copart Inc are $1.55 (price ÷ EPS = P/E 21.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Copart Inc (CPRT)?
The net margin of Copart Inc is 31.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Copart Inc (CPRT)?
The return on equity (ROE) of Copart Inc is 16.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Copart Inc (CPRT)?
On an EBIT basis the return on assets of Copart Inc is 20.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Copart Inc (CPRT)?
The operating margin of Copart Inc is 32.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Copart Inc (CPRT)?
Revenue at Copart Inc is growing +2.4% versus a year earlier (3y avg +6.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Copart Inc (CPRT)?
Earnings per share at Copart Inc are growing −15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Copart Inc (CPRT) hold?
Copart Inc holds more cash than debt, $1.8B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 3, 2026