- Copart’s revenue for the third quarter was $1.21 billion, which marks a 7.5% increase year-over-year, but it was slightly below the estimated $1.22 billion.
- Service revenue reached $1.03 billion, showing a 9.3% rise from the previous year, although it fell short of the $1.04 billion estimate.
- Vehicle sales declined to $176.9 million, down 2.1% from last year, missing the projected $186.6 million.
- The company’s operating income came in at $451.5 million, up 3.3% compared to the previous year, but below the expected $466.1 million.
- Analyst ratings include 5 buy ratings, 6 hold ratings, and no sell ratings.
Copart Inc on Smartkarma
Analyst coverage of Copart Inc on Smartkarma has been positive, with insights provided by Baptista Research. In their report titled “Copart Inc.: Geographic & Market Expansion of Purple Wave Boost Its Competitive Position!”, they highlighted Copart’s strong operational and financial performance in the second quarter of fiscal 2025. The company’s growth in domestic and international segments, driven by strategic initiatives and service offerings expansion, has been commendable. Copart’s effective management of fluctuations in total loss frequency, especially during a high in the U.S., showcases the strength of its extensive network.
Another report by Baptista Research, titled “Copart’s Revolutionary Edge: Tapping into the Vehicle Miles Traveled Surge! – Major Drivers“, discussed Copart’s performance in the first quarter of fiscal 2025. Despite environmental challenges and industry dynamics, Copart exhibited strength in their insurance segment and response to natural disasters. The company’s ability to navigate cost increases related to capacity expansion and hurricane preparation was noted. An impressive highlight was Copart’s efficient response to consecutive hurricanes in the southeastern United States, emphasizing the company’s resilience and preparedness.
A look at Copart Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma Smart Scores have given Copart Inc a positive long-term outlook, with impressive scores across multiple key factors. The company scores high in Momentum, indicating strong performance trends. Additionally, Copart Inc demonstrates strong Growth and Resilience, suggesting a solid foundation and potential for expansion. Although the Value and Dividend scores are not as high as the other factors, the overall outlook for the company appears promising based on these metrics.
Copart, Inc. is a company that provides various services for processing and auctioning salvage vehicles to vehicle suppliers, primarily insurance companies. These salvaged vehicles are then sold to licensed dismantlers, rebuilders, and used vehicle dealers. With a focus on delivering solutions to the salvage vehicle industry, Copart Inc has received positive Smartkarma Smart Scores, particularly excelling in Growth, Resilience, and Momentum, indicating a favorable long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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