Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 14185 Dallas Pkwy Ste 300 DALLAS TX 75254-1327 |
Tel: | N/A |
Website: | https://www.copart.com |
IR: | See website |
Key People | ||
A. Jayson Adair Executive Chairman of the Board | Jeffrey Liaw Chief Executive Officer | Leah C. Stearns Chief Financial Officer, Senior Vice President |
Hessel Verhage Chief Operating Officer | David Kang Chief Marketing Officer | Neel Madhvani Chief Product Officer |
Stephen Powers Chief Business Development Officer | Paul K. Kirkpatrick Chief Legal Officer, Company Secretary |
Business Overview |
Copart, Inc. is a provider of online auctions and vehicle remarketing services. The Company offers services to process and sell vehicles to dealers, dismantlers, rebuilders, exporters and to the general public. It sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. It has approximately 250,000 vehicles available online every day with operations at over 200 locations in 11 countries, including the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain and Spain. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through its Virtual Bidding Third Generation internet auction-style sales technology, VB3. Vehicle sellers consist primarily of insurance companies, but also include banks, finance companies, charities, fleet operators and others. |
Financial Overview |
For the six months ended 31 January 2024, Copart Inc revenues increased 10% to $2.04B. Net income increased 22% to $658.2M. Revenues reflect United States segment increase of 9% to $1.67B, International segment increase of 18% to $368.9M. Net income benefited from United States segment income increase of 15% to $709.6M, International segment income increase of 13% to $65.6M. |
Employees: | 10,200 as of Jul 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $50,405M as of Jan 31, 2024 |
Annual revenue (TTM): | $4,060M as of Jan 31, 2024 |
EBITDA (TTM): | $1,755M as of Jan 31, 2024 |
Net annual income (TTM): | $1,356M as of Jan 31, 2024 |
Free cash flow (TTM): | $856.21M as of Jan 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 961,461,830 as of Feb 26, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |