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Copart Reports Mixed Quarterly Results

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Dec. 4 2020, Updated 10:51 a.m. ET

Copart’s price movement

Copart (CPRT) has a market cap of $4.35 billion. Copart’s YTD (year-to-date) price movement is going down at a steady pace. After the 4Q15 earnings report, CPRT fell 2.05% to close at $34.37 per share.

The price movement on weekly, monthly, and year-to-date bases is -2.39%, -0.64%, and -5.81%, respectively. It’s trading at -2.69% on a trailing five-day basis.

Technically, Copart has broken all the major support throughout the year. Currently, it’s trading at 1.14% below the 20-day moving average, 3.30% below the 50-day moving average, and 5.30% below the 200-day moving average.

The PowerShares S&P MidCap Low Volatility ETF (XMLV) invests 1.33% of its holdings in Copart. The ETF tracks a volatility-weighted index of the 80 least volatile S&P MidCap 400 companies. The YTD of XMLV is 0.90%. The iShares S&P Mid Cap 400 Growth ETF (IJK) invests 0.50% of its holdings in Copart.

Following are Copart’s competitors and their market cap:

  • KAR Auction Services (KAR) – $5.11 billion
  • Sothebys (BID) – $2.41 billion
  • LKQ (LKQ) – $9.10 billion
  • Penske Automotive Group (PAG) – $4.55 billion
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Performance of Copart in 4Q15 and fiscal 2015

Copart has reported net revenue of $282.293 million in 4Q15, a decrease of 4.99% on a quarterly basis. The gross profit margin and EPS (earnings per share) are $118.784 million and $0.44, respectively.

On June 11, 2015, Copart announced the opening of its third facility in the Middle East, called Copart Muscat Auctions.

In fiscal 2015, Copart’s net revenue decreased to $1,146.079 million, a decrease of 1.4% compared to net revenue of $1,163.489 million in fiscal 2014. The revenue of service increased 2.8%, and vehicle sales fell 21.6% in fiscal 2015. Net income increased by 22.9% to $219.783 million.

On the balance sheet side, cash and cash equivalents increased to $456.012 million. The debt-to-equity ratio increased by 72% to 0.86 in fiscal 2015 compared to debt-to-equity ratio of 0.50 in fiscal 2014.

About Copart

Copart provides vehicle sellers with a fuller range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters, and, in some states, end users. Copart remarkets vehicles through Internet sales utilizing its VB3 technology.

The company sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships, and cars sourced from the general public.

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