Copart Intrinsic Value Calculator – COPART Announces Q3 Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

On April 30, 2023, COPART ($NASDAQ:CPRT) released its Q3 earnings results for the fiscal year of 2023, reporting total revenue of USD 1021.8 million, a 8.7% increase from the same period in 2023. Net income for the quarter was also up at USD 350.4 million, a 25.8% yearly increase.

Price History

The company reported strong overall growth, with its stock opening at $81.4 and closing at $82.0, representing a 1.0% increase from the previous closing price of 81.2. COPART‘s financials show that the company has maintained its impressive growth rate. Further, the company’s debt-to-equity ratio declined from the previous quarter, indicating prudent financial management and financial flexibility. Overall, the earnings results from COPART represent a positive indication of the company’s future prospects and financial growth potential.

Investors seem to have taken note of this, as evidenced by the stock’s 1.0% gain on Wednesday. Moving forward, investors can anticipate a continued strong performance from COPART in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Copart. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Copart. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Copart. More…

Key Ratios Snapshot

Some of the financial key ratios for Copart are shown below. More…

Analysis – Copart Intrinsic Value Calculator

At GoodWhale, we conducted a thorough analysis of COPART‘s fundamentals, and determined its intrinsic value to be $78.4. This was calculated using our proprietary Valuation Line. From this analysis, we determined that the current price of COPART stock, which is $82.0, is fairly priced but slightly overvalued by 4.6%. It is important to note, however, that the stock market is constantly fluctuating and the price of COPART could change dramatically at any given moment. Therefore, investors should always stay informed and be mindful of any potential changes in the stock price. More…

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‘s Q3 earnings for the fiscal year 2023 have been promising, with total revenue of USD 1021.8 million representing an 8.7% YoY increase. Net income for the quarter was USD 350.4 million, an impressive 25.8% YoY growth. This significant growth in revenue and earnings makes COPART a strong candidate for investment.

The company has a strong balance sheet, boasting low debt-to-equity ratio and positive return on equity. Furthermore, its high dividend yield and reasonable price-to-earnings ratio make it an attractive option for investors seeking long-term value.