What is Copart, Inc. (CPRT) DCF Fair Value and Intrinsic Value in 2026?

Copart, Inc. (CPRT) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Copart, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

Copart, Inc. operates in the Industrials sector (Specialty Business Services) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Copart, Inc.'s financial health rating and Piotroski F-Score?

Copart, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Copart, Inc. (CPRT) for quarterly SEC filing thesis breaks?

LocalAlpha audits Copart, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksCPRT

CPRT

Copart, Inc.Industrials / Specialty Business ServicesINTACT

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. It offers a range of services to process and sell vehicles over the internet through its virtual bidding third generation internet auction-style sales technology. The company's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, transportation, vehicle inspection stations, on-demand reporting, title processing and express, loan payoff, flexible vehicle processing programs, buy it now, sales process, and dealer services. Its services also comprise services to sell vehicles through BluCar, CashForCars.com, CashForCars.ca, CashForCars.de, CashForCars.co.uk, and Cash-for-cars.ie; Copart Recycling service, which allows the public to purchase parts from salvaged and end-of-life vehicles; and copart 360, a proprietary technology that captures clear 360-degree views of interiors and exteriors of cars, trucks, and vans. In addition, it provides IntelliSeller, an automated tool leveraging its vehicle and sales data to assist its sellers in making vital auction decisions; Purple Wave Inc., that offers wholesale construction, agriculture, and fleet remarketing services through no-reserve online auctions; wholesale powersport vehicle remarketing services through live and online auction platforms. The company sells its products to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters, as well as to the public. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas

Share Price

$29.95

52W: $26.81 - $48.77

DCF Fair Value

$37.42

+20% MoS

Thesis Hub

P/E (TTM)

18.6x

ROIC

28.1%

Operating Margin

37.5%

FCF Yield

3.5%

Debt / Equity

0.01x

Piotroski Score

8/9

Altman Z-Score

3.37

Market Cap

$28.9B

Price vs. Intrinsic Value Corridor

Modest Value ($29.95 vs $37.42 DCF)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$37.42

MOS Buy Target (-25%)

$28.07

Valuation Overlays: DCF Fair Value ($37.42) 25% MOS Buy Target ($28.07) Revised Graham ($54.02) Graham Number ($18.53)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$29.95

DCF Fair Value

$37.42

+20% MoS

Starting Free Cash Flow ($M)$1,000M

$100M$1,000M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)-$4,100M (Net Cash)

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$12.9B

PV of Terminal Value

$19.0B

Implied Enterprise Value

$31.9B

Implied Equity Value

$36.0B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$1,180	$1,392	$1,643	$1,939	$2,288	$2,391	$2,498	$2,611	$2,728	$2,851
Present Value (PV)	$1,083	$1,172	$1,269	$1,373	$1,487	$1,426	$1,367	$1,310	$1,256	$1,204

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-61.6% Premium

$18.53

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $1.61BVPS: $9.48

Revised Graham Formula+44.6% MoS

$54.02

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3.3% Yield

$0.99 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.9BYield: 3.3%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

10.5% CAGR (Next 10 Yrs)

At the current price of $29.95, the market is assuming the business will compound Free Cash Flow at 10.5% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil CPRT with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Copart, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 37.5% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Copart, Inc. (CPRT) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Copart, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Copart, Inc. has an estimated DCF intrinsic fair value of $37.42 per share compared to its current market price of $29.95. This represents an estimated 20.0% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $18.53.