Copart Historical Income Statement
CPRT Stock | USD 55.20 0.80 1.47% |
Historical analysis of Copart income statement accounts such as Interest Expense of 79.6 M, Total Revenue of 4.7 B or Gross Profit of 2.1 B can show how well Copart Inc performed in making a profits. Evaluating Copart income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Copart's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Copart Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Copart Inc is a good buy for the upcoming year.
Copart |
About Copart Income Statement Analysis
Copart Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Copart shareholders. The income statement also shows Copart investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Copart Income Statement Chart
Copart Inc Income Statement is one of the three primary financial statements used for reporting Copart's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Copart Inc revenue and expense. Copart Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Copart's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 302.4 M in 2024, whereas Interest Income is likely to drop slightly above 1.2 M in 2024. Add Fundamental
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Copart Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Copart Inc minus its cost of goods sold. It is profit before Copart operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Copart Inc. It is also known as Copart overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Copart Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Copart Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Copart Inc financial statement analysis. It represents the amount of money remaining after all of Copart Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Copart's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Copart Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Copart's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 302.4 M in 2024, whereas Interest Income is likely to drop slightly above 1.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 3.5B | 3.9B | 4.4B | 4.7B | Interest Expense | 16.7M | 65.9M | 75.8M | 79.6M |
Copart income statement Correlations
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Copart Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Copart income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 107.9M | 128.8M | 138.0M | 159.7M | 183.6M | 192.8M | |
Interest Expense | 18.9M | 20.2M | 16.7M | 65.9M | 75.8M | 79.6M | |
Total Revenue | 2.2B | 2.7B | 3.5B | 3.9B | 4.4B | 4.7B | |
Gross Profit | 1.0B | 1.3B | 1.6B | 1.7B | 2.0B | 2.1B | |
Other Operating Expenses | 1.4B | 1.6B | 2.1B | 2.4B | 2.7B | 2.9B | |
Operating Income | 816.1M | 1.1B | 1.4B | 1.5B | 1.7B | 1.8B | |
Ebit | 816.1M | 1.1B | 1.4B | 1.5B | 1.7B | 1.8B | |
Ebitda | 924.0M | 1.3B | 1.5B | 1.6B | 1.9B | 2.0B | |
Cost Of Revenue | 1.2B | 1.3B | 1.9B | 2.1B | 2.5B | 2.6B | |
Total Operating Expenses | 191.7M | 206.7M | 231.2M | 250.4M | 288.0M | 302.4M | |
Income Before Tax | 800.8M | 1.1B | 1.3B | 1.6B | 1.8B | 1.9B | |
Total Other Income Expense Net | (15.3M) | (14.6M) | (34.0M) | 1.8M | 1.6M | 1.7M | |
Net Income | 699.9M | 936.5M | 1.1B | 1.2B | 1.4B | 1.5B | |
Income Tax Expense | 100.9M | 185.4M | 250.8M | 316.6M | 364.1M | 382.3M | |
Selling General Administrative | 167.3M | 185.6M | 211.2M | 233.0M | 268.0M | 281.4M | |
Net Income Applicable To Common Shares | 699.9M | 936.5M | 1.1B | 1.2B | 1.4B | 1.5B | |
Net Income From Continuing Ops | 699.9M | 936.5M | 1.1B | 1.2B | 1.4B | 1.5B | |
Non Operating Income Net Other | (1.5M) | 8.3M | 5.0M | (17.4M) | (15.6M) | (14.8M) | |
Selling And Marketing Expenses | 7.7M | 13.7M | 15.4M | 17.8M | 20.5M | 21.5M | |
Tax Provision | 100.9M | 185.4M | 250.8M | 316.6M | 364.1M | 382.3M | |
Net Interest Income | (18.9M) | (20.2M) | (16.7M) | 65.9M | 75.8M | 79.6M | |
Reconciled Depreciation | 104.3M | 123.1M | 138.6M | 159.7M | 183.6M | 117.5M |
Copart Investors Sentiment
The influence of Copart's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Copart. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Copart's public news can be used to forecast risks associated with an investment in Copart. The trend in average sentiment can be used to explain how an investor holding Copart can time the market purely based on public headlines and social activities around Copart Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Copart's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Copart's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Copart's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Copart.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Copart in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Copart's short interest history, or implied volatility extrapolated from Copart options trading.
Pair Trading with Copart
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Copart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Copart will appreciate offsetting losses from the drop in the long position's value.Moving together with Copart Stock
0.76 | NL | NL Industries | PairCorr |
0.78 | WM | Waste Management | PairCorr |
Moving against Copart Stock
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0.67 | LNZA | LanzaTech Global Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Copart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Copart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Copart Inc to buy it.
The correlation of Copart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Copart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copart Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Copart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Copart Stock analysis
When running Copart's price analysis, check to measure Copart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.
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Is Copart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Copart. If investors know Copart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Copart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.1 | Earnings Share 1.4 | Revenue Per Share 4.242 | Quarterly Revenue Growth 0.066 | Return On Assets 0.1465 |
The market value of Copart Inc is measured differently than its book value, which is the value of Copart that is recorded on the company's balance sheet. Investors also form their own opinion of Copart's value that differs from its market value or its book value, called intrinsic value, which is Copart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Copart's market value can be influenced by many factors that don't directly affect Copart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Copart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Copart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.