Copart Stock Intrinsic Value – COPART Reports 8.7% Increase in Revenue for Third Quarter of FY2023, Totaling USD 1021.8 Million
May 27, 2023
Earnings Overview
COPART ($NASDAQ:CPRT) reported total revenue of USD 1021.8 million for the third quarter of fiscal year 2023, up 8.7% from the same period in the prior year. Net income also climbed 25.8%, reaching USD 350.4 million, on April 30, 2023.
Analysis – Copart Stock Intrinsic Value
GoodWhale has conducted a thorough fundamental analysis of COPART‘s financials and produced an estimated fair value for COPART of approximately $76.7 using our proprietary Valuation Line. This figure is based on an extensive review of the company’s financials, such as revenue, earnings, cash flow, and debt, among other factors. This indicates that investors may be expecting higher returns than traditional valuation methods suggest. As such, investors should be cautious when considering investing in COPART at this price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. More…
| Total Revenues | Net Income | Net Margin |
| 3.76k | 1.15k | 31.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. More…
| Operations | Investing | Financing |
| 1.32k | -313.5 | -350.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.35k | 757.38 | 10.94 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | 20.9% | 37.3% |
| FCF Margin | ROE | ROA |
| 23.1% | 16.2% | 13.8% |
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($OTCPK:ALTB)
Alpine Auto Brokers Inc is a publicly traded company with a market capitalization of 1.61 billion as of 2022. The company has a return on equity of 672.61%. Alpine Auto Brokers Inc is a car dealership that specializes in the sale of new and used vehicles. The company has a network of dealerships across the United States. Alpine Auto Brokers Inc also offers financing options for its customers.
– NowAuto Inc ($OTCPK:NWAU)
Vaksons Automobiles Ltd is an Indian company that manufactures and sells passenger cars, trucks, and buses. The company has a market cap of 167.28M as of 2022 and a Return on Equity of -0.15%. Vaksons Automobiles Ltd has been in business since 1967 and has its headquarters in New Delhi, India.
Summary
COPART reported strong earnings for its third quarter of fiscal year 2023, with total revenue increasing 8.7% to USD 1021.8 million year-over-year and net income rising even more substantially by 25.8% to USD 350.4 million. The company’s strong performance is positive news for investors, as it suggests that its investments are proving successful. With further growth potential, COPART has the potential to be a lucrative long-term investment.
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