Added to YB: 2026-09-21
Pitch date: 2026-09-17
CPRT [bullish]
Copart, Inc.
-1.21%
current return
Author Info
No bio for this author
Company Info
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.
Market Cap
$27.1B
Pitch Price
$29.64
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.84
P/E
18.89
EV/Sales
4.87
Sector
Commercial Services and Supplies
Category
special_situation
Copart Update
CPRT (hold): The prior valuation analysis remains unchanged after Copart’s $1.9B cash acquisition of ACV, priced at 2.5x 2025 revenue and 32x adjusted EBITDA. ACV adds an immediate wholesale foothold, and Copart expects FY27 earnings neutrality and FY28 accretion. FY26 volumes and margins weakened, while adding $1.9B to capital employed will temporarily depress average FY27 ROCE. For now, the exchange of cash for the business is treated at a 1:1 ratio.
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