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Copart

AutomotiveRetailauctionauto dealersauto repairsused carsvehicles

Copart, Inc. is a provider of online vehicle auction and remarketing services. It provides vehicle sellers with a range of services to process and sell salvage and clean title vehicles over the Internet using its patented virtual auction technology. Copart makes it easy for people to find, bid and win the vehicles that they are looking for. They can choose from classics, early and late model cars and trucks, industrial vehicles and more. Vehicles conditions range from damaged cars that can be used as project vehicles for repair and automotive enthusiasts to non-damaged vehicles that need nothing more than a turn-of-a-key. Because Copart is an online auction, users of the Company's site can set their own price and get great deals. 


Revenue(FY, 2016)
$1.3 B
Market capitalization(2017-08-22)
$7.6 B
Type
Public
HQ
Dallas, US
Founded
1982
Size (employees)
4,844 (est)+14%
Website
copart.com
Copart was founded in 1982 and is headquartered in Dallas, US

Copart Office Locations

Copart has offices in Dallas, Los Angeles, San Diego, Tulsa and in 42 other locations
Dallas, US (HQ)
14185 Dallas Pkwy, Suite 300
Show all (46)

Copart Data and Metrics

Copart Financial Metrics

Copart's revenue was reported to be $1.3 b in FY, 2016
USD

Net income (Q3, 2017)

323.9 m

EBIT (Q3, 2017)

136.8 m

Market capitalization (22-Aug-2017)

7.6 b

Cash (30-Apr-2017)

189.6 m
Copart's current market capitalization is $7.6 b.
USDFY, 2015FY, 2016

Revenue

1.1 b1.3 b

Revenue growth, %

11%

General and administrative expense

138.1 m

Operating expense total

138.1 m

EBIT

344.4 m407.4 m

EBIT margin, %

30%32%

Interest expense

23.6 m

Interest income

1.4 m

Pre tax profit

395.9 m

Income tax expense

125.5 m

Net Income

219.8 m270.4 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

General and administrative expense

34.6 m32.5 m35.7 m40.5 m37.9 m35.7 m

Operating expense total

34.6 m32.5 m35.7 m40.5 m37.9 m35.7 m

EBIT

86.2 m92.1 m121.9 m104.8 m108.9 m136.8 m

Interest expense

5.7 m5.6 m5.7 m6 m6.1 m5.9 m

Interest income

211 k602 k283 k337 k384 k363 k

Pre tax profit

81.8 m91.6 m116.6 m102.5 m100.1 m131.1 m

Income tax expense

29.3 m32.6 m42.6 m(64.7 m)34 m40.5 m

Net Income

52.6 m104.8 m162.4 m52.4 m111.4 m185.4 m167.3 m233.3 m323.9 m
USDFY, 2014FY, 2015FY, 2016

Cash

158.7 m456 m155.8 m

Accounts Receivable

197 m215.7 m266.3 m

Inventories

7.3 m8.6 m10.4 m

Current Assets

412.3 m734.6 m499.3 m

PP&E

692.4 m700.4 m816.8 m

Goodwill

283.8 m271.9 m260.2 m

Total Assets

1.5 b1.8 b1.6 b

Accounts Payable

192.4 m

Total Debt

302.9 m645.8 m

Current Liabilities

244.3 m213.1 m278.8 m

Total Liabilities

875.4 m

Additional Paid-in Capital

404.5 m407.8 m392.4 m

Retained Earnings

619 m625.4 m491.2 m

Total Equity

1 b964.5 m774.5 m

Debt to Equity Ratio

0.3 x0.7 x

Debt to Assets Ratio

0.2 x0.4 x

Financial Leverage

1.5 x1.9 x2.1 x
USDQ1, 2014Q2, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

198.5 m590.4 m472.9 m141.4 m137.7 m168.4 m175 m189.6 m

Accounts Receivable

204.8 m235.5 m231.4 m281.2 m263.3 m294.4 m340.4 m302.1 m

Inventories

7.6 m8 m9.1 m9.5 m11.4 m8.9 m9.1 m9.2 m

Current Assets

457.8 m888.4 m785.7 m506.9 m464.5 m630.7 m659.3 m593.6 m

PP&E

692 m688.2 m705.6 m744.2 m807 m840.6 m882.3 m913.3 m

Goodwill

276.9 m270.5 m270.6 m264.1 m267.4 m255.1 m256.9 m258.6 m

Total Assets

1.5 b2 b1.9 b1.6 b1.6 b1.8 b1.8 b1.8 b

Accounts Payable

153.8 m148.2 m147.3 m147.8 m150.3 m176 m185 m192.8 m

Current Liabilities

259.7 m234.7 m223.9 m265.1 m203.6 m357.7 m345.9 m221.5 m

Additional Paid-in Capital

410.6 m417 m413.4 m394 m393.4 m416.1 m430 m444.7 m

Retained Earnings

670.7 m722.8 m677.9 m440.5 m407 m519.2 m585.3 m675.8 m

Total Equity

1 b1.1 b1 b731.4 m716.5 m807.4 m895.7 m1 b

Financial Leverage

1.5 x1.8 x1.8 x2.2 x2.3 x2.2 x2.1 x1.8 x
USDFY, 2014FY, 2015FY, 2016

Net Income

178.7 m219.8 m270.4 m

Depreciation and Amortization

53.7 m48.9 m

Accounts Receivable

(13 m)(20 m)(54 m)

Inventories

4 m(1.7 m)(2.5 m)

Cash From Operating Activities

262.6 m265.1 m332.5 m

Purchases of PP&E

(81.5 m)(79.2 m)(173.9 m)

Cash From Investing Activities

(92.1 m)(81.9 m)(172.9 m)

Long-term Borrowings

(75 m)(350 m)(337.5 m)

Cash From Financing Activities

(76.8 m)120.4 m(448.5 m)

Interest Paid

8.8 m18.1 m23.6 m

Income Taxes Paid

82.8 m109.9 m128 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

52.6 m104.8 m162.4 m52.4 m111.4 m185.4 m167.3 m233.3 m323.9 m

Depreciation and Amortization

14 m25.4 m37.6 m11.6 m23.3 m35.9 m

Accounts Receivable

(9 m)(40.9 m)(21.8 m)(16.9 m)(68.7 m)(49.6 m)(29.5 m)(74.8 m)(35.7 m)

Inventories

(553 k)(1.2 m)(1.2 m)(511 k)(1.3 m)(3.1 m)1.2 m1 m1 m

Cash From Operating Activities

83.4 m88.9 m203.4 m76.6 m83.1 m207.5 m74.3 m155.5 m347.8 m

Purchases of PP&E

(23.4 m)(39.5 m)(49.1 m)(20.2 m)(77.8 m)(143.8 m)(38.2 m)(92.4 m)(124.7 m)

Cash From Investing Activities

(22.7 m)(38.7 m)(48 m)(40.8 m)(98.5 m)(143 m)(39.1 m)(93.1 m)(137.7 m)

Long-term Borrowings

(18.8 m)(312.5 m)(331.3 m)(18.8 m)(37.5 m)(37.5 m)

Cash From Financing Activities

(17.6 m)388.7 m371.1 m(18.2 m)(291.7 m)(379.6 m)(16.7 m)(40.3 m)(175.6 m)

Interest Paid

1.9 m3.8 m9.7 m5.7 m11.3 m17 m5.4 m11.8 m17.7 m

Income Taxes Paid

10 m64.4 m82 m1.3 m55.4 m86.2 m2.7 m4.6 m9.5 m
Y, 2017

Financial Leverage

1.8 x

Copart Market Value History

Copart Median Salaries

Source: 115 public H-1B filings from Copart

Market Position of Copart

Competitors

AutoNation
Automotive - Public
CarMax
Automotive - Public
KAR Auction Services
Automotive - Public
West Michigan Auto Auction
Automotive - Subsidiary
Compare competitors

Traffic Overview of Copart

Copart Online and Social Media Presence

Copart Company Life and Culture

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