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Last $36.03 USD
Change Today +0.16 / 0.45%
Volume 268.2K
CPRT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

copart inc (CPRT) Snapshot

Open
$35.99
Previous Close
$35.87
Day High
$36.25
Day Low
$35.71
52 Week High
02/26/15 - $38.50
52 Week Low
10/15/14 - $29.93
Market Cap
4.6B
Average Volume 10 Days
314.1K
EPS TTM
$1.64
Shares Outstanding
126.5M
EX-Date
--
P/E TM
22.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for COPART INC (CPRT)

copart inc (CPRT) Related Businessweek News

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copart inc (CPRT) Details

Copart Inc. helps sell so-called salvage vehicles over the Internet—those vehicles damaged beyond repair or recovered from thieves. Founded in 1982, the company offers its virtual bidding auction-style sales technology to vehicle suppliers, chiefly insurance companies, which in turn sell to licensed dismantlers, rebuilders, repair shops, used vehicle dealers, and exporters. Copart’s revenues come from sales fees as well as fees on such services as towing and storage. Based in Fairfield, Calif., it has 122 storage locations in the U.S. and Canada and can serve other locations through its network of independent salvage vehicle processors.

4,179 Employees
Last Reported Date: 09/29/14
Founded in 1982

copart inc (CPRT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0
President and Director
Total Annual Compensation: $265.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $563.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $425.0K
Chief Sales Officer and Senior Vice President...
Total Annual Compensation: $418.3K
Compensation as of Fiscal Year 2014.

copart inc (CPRT) Key Developments

Copart Launches New Version of Copart Mobile for Android

Copart, Inc. has launched its new version of Copart Mobile for Android. The updated mobile app gives buyers the ability to search for vehicles and attend Copart's patented live auctions wherever they are - a crucial feature for busy dealers, dismantlers and others who bid for vehicles daily while running their businesses. With this new, more powerful version, members can register, bid and add items to their Watchlist straight from their mobile device, saving valuable time. The clean, new look of Copart Mobile combines an easy-to-use interface with full-screen vehicle images and an innovative live auction bidding experience.

Copart, Inc. Opens its Third Facility in the Middle East

Copart, Inc. announced the opening of its third facility in the Middle East, Copart Muscat Auctions LLC. This facility is now open for business and will conduct its first auction on June 23rd, with its principal office and location in Halban/Barka, close to Muscat. Auctions will take place every Tuesday thereafter at 5 p.m. local time. Copart has been steadily increasing its presence in the Middle East, opening its Middle Eastern headquarters in Dubai, UAE, in 2012, a facility in Manama, Bahrain in May 2015, and now its first facility in Oman. Adding new locations will provide buyers more immediate auction inventory in the region and local service provision for logistics and payment options.

Copart, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2015

Copart, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2015. For the quarter, the company reported total service revenues and vehicle sales of $297,142,000 compared to $309,722,000 a year ago. Operating income was $94,767,000 compared to $62,633,000 a year ago. Income before income taxes was $88,296,000 compared to $61,318,000 a year ago. Net income was $57,563,000 or $0.44 per diluted share compared to $40,877,000 or $0.31 per diluted share a year ago. Total revenue declined by $12.6 million or 4.1%. The company saw a reduction in the revenue per car due to decline in auction average selling price. The decline in ASPs resulted from lower commodity pricing and the impact of the stronger dollar. Service revenue remained relatively flat, increasing by $1.5 million or less than 1%, as the increase in car volume was offset by a reduction in revenue per car. For the nine months, the company reported total service revenues and vehicle sales of $863,786,000 compared to $876,039,000 a year ago. Operating income was $257,636,000 compared to $199,076,000 a year ago. Income before income taxes was $250,623,000 compared to $196,151,000 a year ago. Net income was $162,371,000 or $1.23 per diluted share compared to $127,644,000 or $0.97 per diluted share a year ago. Net cash provided by operating activities was $203,369,000 compared to $207,634,000 a year ago. Purchases of property and equipment including acquisitions, net of cash acquired were $49,079,000 compared to $78,078,000 a year ago.

 

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CPRT Competitors

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Fastenal Co $41.86 USD +0.97
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Industry Analysis

CPRT

Industry Average

Valuation CPRT Industry Range
Price/Earnings 22.2x
Price/Sales 4.0x
Price/Book 4.0x
Price/Cash Flow 21.4x
TEV/Sales 2.8x
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