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.

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter and year ended July 31, 2023. For the three months ended July 31, 2023, revenue, gross profit, and net income were $997.6 million, $457.6 million, and $347.8 million, respectively. These represent an increase in revenue of $114.2 million, or 12.9%; an increase in gross profit of $76.0 million, or 19.9%; and an increase in net income of $84.1 million, or 31.9%, respectively, from the same period.

Copart Reports Fourth Quarter Fiscal 2023 Financial Results

The Zacks Consensus Estimate for Copart's (CPRT) Q4 earnings per share and revenues is 31 cents and $950 million, respectively.

Copart (CPRT) Gears Up for Q4 Earnings: Things to Consider

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the fourth quarter of fiscal 2023 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, September 14, 2023. On Thursday, September 14, 2023, 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 can be accessed via hyperlink at www.copart.com/investorrelations. A replay of the call.

Copart, Inc. to Release Fourth Quarter Fiscal 2023 Results

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Copart is enjoying market tailwinds in a dominant position that grows as the company gets bigger. Management has strong skin in the game, and it is still led by its founder. The CEO has been receiving all his compensation in stock options since 2009. Copart's highly defensive business model in both inflationary and deflationary environments comes with a valuation premium.

Copart: Moat Built By Outstanding Management

Online auto auctioneer Copart Inc. CPRT, -1.07% said late Friday that its board has approved a 2-for-1 stock split, with each shareholder receiving one additional share for every one share they own. The additional shares will be distributed after close of trading on Aug. 21, Copart said.

Copart's board OKs 2-for-1 stock split

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) announced today that its Board of Directors has approved a two-for-one split of its common stock. The stock split will be effected as a stock dividend entitling each stockholder of record to receive one additional share of common stock for every one share owned. Additional shares issued as a result of the stock dividend will be distributed after close of trading on August 21, 2023, to stockholders of record on August 14, 2023. The stock split.

Copart, Inc. Announces a Two-for-One Stock Split

The company enjoys a dominant market position and strong balance sheet.

Bull of the Day: Copart, Inc. (CPRT)

Does Copart, Inc. (CPRT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Copart, Inc. (CPRT) Is Up 6.28% in One Week: What You Should Know

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Copart has a strong business model and has created a moat through technological development and increased scale. The company has a robust financial performance and potential for further expansion through infrastructure investment. Copart's conservative financing and strong cash generation can fund future growth and potential shareholder distributions.

Copart: Fantastic Margins And Positive Trajectory

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

Why Is Copart, Inc. (CPRT) Down 1.4% Since Last Earnings Report?

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CAT, ADBE, AME and CPRT are among those S&P 500 members that are exhibiting strong fundamentals and impressive price performance.

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From a technical perspective, Copart, Inc. (CPRT) is looking like an interesting pick, as it just reached a key level of support. CPRT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

Copart, Inc. (CPRT) Just Overtook the 20-Day Moving Average

Detroit, Michigan--(Newsfile Corp. - May 31, 2023) - Jrop, an On Demand Roadside Assistance platform, announced it has partnered strategically with Copart's CashForCars.com to streamline its junk car removal process. This collaboration will enable Jrop to simplify the purchasing process for junk cars, trucks, and SUVs across the nation, regardless of make, model, or condition.

Jrop Announces Strategic Partnership With Copart-Owned Cash For Cars

Are You Looking for a Top Momentum Pick? Why Copart, Inc. (CPRT) is a Great Choice

Copart's (CPRT) third-quarter service revenues, accounting for 82.9% of total sales, came in at $847.2 million, outpacing the consensus mark of $814 million.

Copart's (CPRT) Q3 Earnings and Revenues Beat Estimates

News for Copart Stock (CPRT)