Copart Intrinsic Stock Value – COPART Reports 12.9% YOY Growth in Q4 FY2023, Reaching Total Revenue of USD 997.6 Million
September 27, 2023
☀️Earnings Overview
COPART ($NASDAQ:CPRT) reported total revenue of USD 997.6 million for their FY2023 Q4 earnings on July 31 2023, representing a year-over-year increase of 12.9%. Net income for the quarter was USD 347.8 million, a 31.9% increase compared to the same period in the prior year.
Analysis – Copart Intrinsic Stock Value
GoodWhale has completed an analysis of COPART‘s fundamentals and has determined a fair value of around $39.5 per share for COPART stock. This value was determined by our proprietary Valuation Line, which takes into account various factors such as the company’s financial performance, competitive landscape, and future prospects. At the current market price of $44.8 per share, COPART stock appears to be moderately overvalued by 13.3%. Investors should consider this fair price when deciding whether to add COPART to their portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. COPART_Reports_12.9_YOY_Growth_in_Q4_FY2023_Reaching_Total_Revenue_of_USD_997.6_Million”>More…
| Total Revenues | Net Income | Net Margin |
| 3.87k | 1.24k | 32.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. COPART_Reports_12.9_YOY_Growth_in_Q4_FY2023_Reaching_Total_Revenue_of_USD_997.6_Million”>More…
| Operations | Investing | Financing |
| 1.36k | -1.89k | 66.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. COPART_Reports_12.9_YOY_Growth_in_Q4_FY2023_Reaching_Total_Revenue_of_USD_997.6_Million”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.74k | 750.44 | 6.24 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. COPART_Reports_12.9_YOY_Growth_in_Q4_FY2023_Reaching_Total_Revenue_of_USD_997.6_Million”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.6% | 22.1% | 38.4% |
| FCF Margin | ROE | ROA |
| 21.9% | 16.0% | 13.8% |
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($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
Investors who are interested in COPART should be pleased with their recent fourth quarter earnings results. Revenue for the quarter was up 12.9% year-over-year to USD 997.6 million, while net income saw even more impressive growth, increasing 31.9% to USD 347.8 million. This signals that COPART is continuing to experience strong momentum and may be a wise investment opportunity for those looking to diversify their portfolio.
