COPART INC
CPRT · Retail-Auto Dealers & Gasoline Stations · 925.8M shares · +42%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $325M (gross $365M, SBC $40M)
Reference price $33.18 · est. market cap ~$30.7B — last insider sale, 2026-04-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A88Dominant global online vehicle-remarketing franchise with network-effect moat, top-decile returns and fortress balance sheet.
Strengths
- Top-decile ROA (15.4%, 100th pct) and strong FCF ($1.23B, 90th pct)
- Wide moat from VB3 platform, insurer relationships (81% of volume) and scale
- Pristine liquidity (current ratio 8.4x, 100th pct)
Risks
- Heavy reliance on insurance-company sellers and total-loss frequency
- Catastrophe/weather-event volatility in volumes
Notable findings
- Chronic dilutionShare count +42%/yr over 4y (dilution)
- Insider sellingInsider selling — 4 open-market sale(s) by 1 insider(s) (~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on assets
15.4%
Revenue growth (QoQ)
-6.1%
Net-income growth
13.9%
Current ratio
8.4×
Free cash flow
$1.2B
EBITDA
$1.9B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-15 | Liaw Jeffrey | Sell | 2.3K | $33.17 |
| 2026-04-15 | Liaw Jeffrey | Option exercise | 4.5K | $6.78 |
| 2026-04-15 | Liaw Jeffrey | Option exercise | 43K | $8.70 |
| 2026-04-15 | Liaw Jeffrey | Option exercise | 809 | $6.78 |
| 2026-04-15 | Liaw Jeffrey | Option exercise | 1.3K | $8.70 |
| 2026-04-15 | Liaw Jeffrey | Sell | 24K | $33.18 |
| 2026-01-20 | ADAIR A JAYSON | Gift | 21K | — |
| 2026-01-20 | ADAIR A JAYSON | Gift | 7.8K | — |
| 2026-01-20 | ADAIR A JAYSON | Gift | 21K | — |
| 2026-01-15 | Liaw Jeffrey | Sell | 2.4K | $40.17 |
| 2026-01-15 | Liaw Jeffrey | Option exercise | 4.5K | $6.78 |
| 2026-01-15 | Liaw Jeffrey | Option exercise | 43K | $8.70 |
| 2026-01-15 | Liaw Jeffrey | Option exercise | 809 | $6.78 |
| 2026-01-15 | Liaw Jeffrey | Option exercise | 1.3K | $8.70 |
| 2026-01-15 | Liaw Jeffrey | Sell | 23K | $40.17 |
| 2025-12-30 | TRYFOROS THOMAS N | Gift | 28K | — |
| 2025-12-30 | TRYFOROS THOMAS N | Gift | 28K | — |
| 2025-11-25 | TRYFOROS THOMAS N | Option exercise | 100K | $11.80 |
| 2025-11-25 | TRYFOROS THOMAS N | Sell | 100K | $39.07 |
| 2025-11-13 | Englander Daniel J | Option exercise | 100K | $11.80 |
| 2025-10-15 | Liaw Jeffrey | Option exercise | 809 | $6.78 |
| 2025-10-15 | Liaw Jeffrey | Option exercise | 1.3K | $8.70 |
| 2025-10-15 | Liaw Jeffrey | Option exercise | 4.5K | $6.78 |
| 2025-10-15 | Liaw Jeffrey | Option exercise | 43K | $8.70 |
| 2025-10-15 | Liaw Jeffrey | Sell | 2.2K | $44.80 |
| 2025-10-15 | Liaw Jeffrey | Sell | 22K | $44.79 |
| 2025-09-15 | TRYFOROS THOMAS N | Sell | 229K | $47.54 |
| 2025-09-15 | TRYFOROS THOMAS N | Option exercise | 229K | $4.91 |
| 2025-07-15 | Liaw Jeffrey | Option exercise | 43K | $8.70 |
| 2025-07-15 | Liaw Jeffrey | Option exercise | 4.5K | $6.78 |
| 2025-07-15 | Liaw Jeffrey | Option exercise | 809 | $6.78 |
| 2025-07-15 | Liaw Jeffrey | Option exercise | 1.3K | $8.70 |
| 2025-07-15 | Liaw Jeffrey | Sell | 1.9K | $46.35 |
| 2025-07-15 | Liaw Jeffrey | Sell | 300 | $46.90 |
| 2025-07-15 | Liaw Jeffrey | Sell | 18K | $46.35 |
| 2025-07-15 | Liaw Jeffrey | Sell | 3.6K | $46.84 |
| 2025-04-14 | COHAN STEVEN D | Sell | 95K | $60.01 |
| 2025-04-14 | COHAN STEVEN D | Option exercise | 95K | $11.80 |
| 2025-04-11 | COHAN STEVEN D | Sell | 5.0K | $60.01 |
| 2025-04-11 | COHAN STEVEN D | Option exercise | 5.0K | $11.80 |
| 2025-03-19 | MEEKS JAMES E | Option exercise | 100K | $11.80 |
| 2025-03-19 | MEEKS JAMES E | Sell | 100K | $54.00 |
| 2025-01-10 | Morefield Diane M | Gift | 20K | — |
| 2025-01-10 | Morefield Diane M | Gift | 20K | — |
| 2025-01-06 | Englander Daniel J | Option exercise | 235K | $4.91 |
| 2025-01-06 | ADAIR A JAYSON | Gift | 21K | — |
| 2025-01-06 | ADAIR A JAYSON | Gift | 21K | — |
| 2025-01-06 | ADAIR A JAYSON | Gift | 5.4K | — |
| 2025-01-06 | Englander Daniel J | Sell | 235K | $56.84 |
| 2025-01-03 | Englander Daniel J | Sell | 85K | $57.10 |
| 2025-01-03 | Englander Daniel J | Option exercise | 85K | $4.91 |
| 2025-01-02 | Blunt Matt | Sell | 50K | $57.66 |
| 2025-01-02 | Blunt Matt | Option exercise | 50K | $28.02 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | ResultsExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2026-01-26 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-12-11 | Shareholder vote | filing ↗ |
| 2025-11-20 | ResultsExhibits | filing ↗ |
| 2025-09-04 | ResultsExhibits | filing ↗ |
| 2025-05-22 | ResultsExhibits | filing ↗ |
| 2025-02-20 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-29 | 2026-04-30 | 0001193125-26-245578 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001193125-26-234447 ↗ |
| 10-Q | 2026-03-03 | 2026-01-31 | 0001193125-26-088593 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001193125-26-059440 ↗ |
| 8-K | 2026-01-26 | 2026-01-23 | 0001193125-26-022730 ↗ |
| 8-K | 2025-12-11 | 2025-12-05 | 0001193125-25-315830 ↗ |
| 10-Q | 2025-11-24 | 2025-10-31 | 0001193125-25-291660 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001193125-25-289803 ↗ |
| 10-K | 2025-09-26 | 2025-07-31 | 0001628280-25-042946 ↗ |
| 8-K | 2025-09-04 | 2025-09-04 | 0000900075-25-000017 ↗ |
| 10-Q | 2025-06-03 | 2025-04-30 | 0001628280-25-029093 ↗ |
| 8-K | 2025-05-22 | 2025-05-22 | 0001628280-25-027262 ↗ |