Copart Stock Intrinsic Value – COPART Reports First Quarter Earnings Results for FY2024
November 26, 2023
🌥️Earnings Overview
COPART ($NASDAQ:CPRT) announced their earnings results for the first quarter of fiscal year 2024 (ending November 16 2023) on October 31 2023. Total revenue increased by 14.2% from the same period of the previous year to USD 1020.4 million, while net income jumped to USD 332.5 million, yielding a 35.3% increase from the same period of the previous year.
Price History
The stock opened at $49.4 and closed at $49.3, up by 0.2% from its prior closing price of $49.2. This is a positive sign for investors, as the stock has increased slightly despite the volatile market conditions. Overall, COPART’s performance in the first quarter of FY2024 is very promising, and this is reflected by the slight increase in stock price. Investors should keep an eye on COPART’s performance in the following quarters in order to gauge the long-term impact of these positive results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. COPART_Reports_First_Quarter_Earnings_Results_for_FY2024″>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_Reports_First_Quarter_Earnings_Results_for_FY2024″>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_Reports_First_Quarter_Earnings_Results_for_FY2024″>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_Reports_First_Quarter_Earnings_Results_for_FY2024″>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% |
Analysis – Copart Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of the wellbeing of COPART Shares. After taking into account a variety of qualitative and quantitative factors, as well as our proprietary Valuation Line, we have determined that the fair value of COPART Shares is around $41.6. However, the current market price for COPART Shares is $49.3 – meaning that it is currently overvalued by 18.6%. More…
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($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 is an attractive investment opportunity for investors looking for a steady growth in earnings. The company’s first quarter results of FY2024 show a 14.2% increase in total revenue and a 35.3% increase in net income compared to the same period in the previous year, indicating solid growth prospects. In addition, COPART’s strong balance sheet, with no debt, provides additional stability for investors. With its strong fundamentals and increasing profits, COPART is an excellent choice for investors seeking strong growth potential.
