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Copart CPRT

Copart scores good on business quality (6.1 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$27.32Oct 10, 2026
Business qualityGood
Next earningsNov 18, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Copart does

    Copart operates online vehicle auctions, connecting insurance companies and sellers with buyers of salvage-and-clean-title vehicles. It charges fees for processing and storing cars, turning total-loss claims into digital transactions.

  2. What it does best

    Copart converts salvage vehicles into cash with an operating margin of 35.4%, ranking in the top decile of its sector. Its massive global yard network and proprietary VB3 auction platform lock in insurance carriers, creating a liquidity flywheel that smaller rivals cannot easily replicate.

  3. The main risk

    The $10.50-per-share tender offer for ACV introduces execution and integration risk. If the acquisition fails to scale or dilutes margins, capital deployed away from share buybacks: which totaled $1.6B: could weigh on returns.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin sits at 35.4% and FCF margin at 27.1%, both placing the firm in the top decile of its sector. High capital efficiency ensures profitability expands further as auction volume scales.

MoatStrong

Copart commands an intangible asset and network moat, locking in major insurers and global buyers. Its operating margin ranks in the 97th percentile of its sector, backed by scale that takes decades to duplicate.

GrowthSlow

Revenue grew 0.4% to $4.7B, showing a significant slowdown compared to historical multi-year compounding. Top-line expansion sits in the bottom quartile of its sector as core volume growth normalizes.

Financial healthFair

Copart holds $4.4B in cash with no reported debt, leaving the balance sheet pristine. Free cash flow reached $1.3B, supporting heavy buybacks and leaving the financial position exceptionally secure.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $2.2M outside pre-planned sales.

Our sealed record on CPRT

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is CPRT a good business?

Copart scores good on the Cluenex quality check (6.1 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health fair.

Are insiders buying CPRT?

In the last 90 days of SEC Form 4 filings: 1 sold $2.2M outside pre-planned sales.

When does CPRT report earnings?

Nov 18, 2026.

For members

See CPRT today

  • Today's verdict on CPRT, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Copart (CPRT)”, https://cluenex.com/stocks/cprt/, data as of Oct 10, 2026.