Copart Intrinsic Value – COPART Reports Record-Breaking Q4 Earnings for FY2023
September 17, 2023
🌥️Earnings Overview
On September 14, 2023, COPART ($NASDAQ:CPRT) reported its financial results for the fourth quarter of fiscal year 2023, which ended on July 31, 2023. Total revenue rose to USD 997.6 million, a 12.9% increase from the prior year; net income also increased by 31.9% to USD 347.8 million.
Market Price
On Thursday, COPART reported record-breaking Q4 earnings for FY2023, sending its stock soaring. The company opened at $44.5 and closed at $44.8, up 1.2% from the previous closing price of $44.3. This marked an all-time high for COPART, which has seen its stock steadily increase throughout the year. The company’s strong performance was attributed to several factors, such as increasing demand for used cars, rising global sales, and improved cost efficiency. Furthermore, the company’s investments in digital capabilities, such as its online auctions and digital marketing initiatives, have paid off substantially.
COPART’s strong performance reflects its successful transformation from a traditional salvage auto auction house to a digital platform for selling, buying, and trading vehicles. The company’s business model has enabled it to expand its reach beyond traditional markets, allowing it to capitalize on new opportunities and drive growth. This quarter’s results are a testament to the success of this strategy. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. COPART_Reports_Record-Breaking_Q4_Earnings_for_FY2023″>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_Record-Breaking_Q4_Earnings_for_FY2023″>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_Record-Breaking_Q4_Earnings_for_FY2023″>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_Record-Breaking_Q4_Earnings_for_FY2023″>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% |
Analysis – Copart Intrinsic Value
At GoodWhale, we conducted an analysis of COPART‘s fundamentals. After carefully assessing the company’s financials, we arrived at a fair value of $39.5 per share for COPART. This number was calculated using our proprietary Valuation Line. This suggests that investors should take caution when investing in COPART, as its current price is not indicative of its true value. More…
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($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 FY 2023 Q4 earnings results showed strong performance across the board, with total revenue increasing 12.9% from the prior year to USD 997.6 million, and net income rising 31.9% to USD 347.8 million. This indicates that COPART’s long-term investment strategy has paid off, resulting in solid returns for shareholders. Investors should continue to monitor COPART’s performance for signs of further growth, and consider adding it to their portfolios.
Related Posts
Recent Posts
