Copart Stock Fair Value Calculator – COPART Sees 14.2% Increase in Q1 FY2024 Revenue, Totaling USD 1020.4 Million
December 1, 2023
☀️Earnings Overview
COPART ($NASDAQ:CPRT) announced their FY2024 Q1 earnings results on October 31 2023, revealing total revenue of USD 1020.4 million, a 14.2% rise from the same quarter of the prior year. Net income for the quarter was USD 332.5 million, representing a 35.3% year-on-year increase.
Analysis – Copart Stock Fair Value Calculator
GoodWhale recently conducted an analysis of COPART‘s fundamentals and our findings can be seen below. After taking into account market conditions and key metrics such as revenue, EPS, and debt-to-equity ratio, our proprietary Valuation Line calculated a fair value of COPART’s stock to be around $41.5. However, at the time of writing, COPART is trading at $49.3, indicating an overvaluation of 18.8%. This suggests that the current market price is higher than the stock’s intrinsic value. Investors should further research the company and monitor its share price before considering any potential investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. COPART_Sees_14.2_Increase_in_Q1_FY2024_Revenue_Totaling_USD_1020.4_Million”>More…
| Total Revenues | Net Income | Net Margin |
| 4k | 1.32k | 33.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. COPART_Sees_14.2_Increase_in_Q1_FY2024_Revenue_Totaling_USD_1020.4_Million”>More…
| Operations | Investing | Financing |
| 1.43k | -504.25 | 73.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. COPART_Sees_14.2_Increase_in_Q1_FY2024_Revenue_Totaling_USD_1020.4_Million”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.33k | 897.15 | 6.68 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. COPART_Sees_14.2_Increase_in_Q1_FY2024_Revenue_Totaling_USD_1020.4_Million”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.2% | 22.3% | 39.3% |
| FCF Margin | ROE | ROA |
| 22.6% | 15.8% | 13.4% |
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($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 FY2024 Q1 earnings results show strong performance, with total revenue up 14.2% from the same quarter of the prior year and net income increasing 35.3%. This indicates that COPART is positioned for future growth and could be an attractive investment opportunity. The company’s investment in technology and expansion in areas such as international markets have contributed to their financial success and should be a major focal point moving forward. Investors should keep an eye on COPART’s continuing success as they continue to optimize their operations and capitalize on changing market conditions.
