Copart Stock Inches Up 1.00% Despite Dismal Market Performance
August 11, 2023
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Copart ($NASDAQ:CPRT) Inc. defied the odds on Thursday, with its stock closing up 1.00% at $89.31 despite the S&P having a dismal trading session. It operates a number of online auctions for buyers and sellers that offer a wide range of used and salvage vehicles, including SUVs, trucks, motorcycles, boats, and RVs. The company has seen success in the stock market in part due to its innovative business model that focuses on user-friendly technology. Copart Inc.’s easy-to-use auction platform allows users to bid on a variety of vehicles from the comfort of their own home.
As a result, Copart Inc. has continued to increase its market share over the years, making it a dominating player in the online vehicle auction industry. Despite the dismal trading session in the S&P, Copart Inc. was able to inch up 1.00% to close at $89.31, demonstrating its resilience and strength as a company. Investors are likely to continue to take notice of Copart Inc.’s impressive performance and may be motivated to invest further in the company’s stock.
Analysis
At GoodWhale, we believe that it’s important for investors to have an understanding of the fundamentals of a company before investing. That’s why we’re here to provide a detailed analysis of COPART’s fundamentals. After running a comprehensive analysis, GoodWhale has concluded that COPART is a low risk investment in terms of financial and business aspects. We also identified 1 risk warnings in COPART’s balance sheet. Although these risks are not considered to be critical, investors should take them into account when evaluating their investment decisions. To get the full details on these risk warnings, sign up with GoodWhale and access our deeper analytics. Copart_Stock_Inches_Up_1.00_Despite_Dismal_Market_Performance”>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. More…
| Total Revenues | Net Income | Net Margin |
| 3.76k | 1.15k | 31.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. More…
| Operations | Investing | Financing |
| 1.32k | -313.5 | -350.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.35k | 757.38 | 10.94 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | 20.9% | 37.3% |
| FCF Margin | ROE | ROA |
| 23.1% | 16.2% | 13.8% |
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($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 interested in Copart Inc. (CPRT) should consider the stock’s 1.00% gain to $89.31 last Thursday, despite the bearish overall market conditions. Analysts are optimistic about the company’s future prospects, citing its impressive earnings growth, strong balance sheet and solid management team. Investors should also consider potential risks, such as increased competition and macroeconomic uncertainty. Overall, Copart looks to be an attractive long-term investment option, offering a potential upside as well as a robust dividend yield.
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