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CPRT

CPRT Research brief

Copart

Adjusted close as of 2026-10-30
$30.13(+1.96%)

Sagehood’s view on CPRT

Copart · Research 2026-10-30 · Accepted

Research score

50Neutral50 is balancedScore change +2 since 2026-10-29, from 48 to 50; view unchanged at Neutral. Compare the two recordsConfidence 45 · It is not a calibrated probability of investment success.Confidence across the 100 names in this research run: 45 to 70, median 55.
How to read this score

Dated research brief

WhyCopart's neutral case is driven by a high-margin franchise, since the 35.4% operating margin sits above the 14.9% sector median. The unresolved risk is that 0.4% revenue growth trails the 16.7% sector median.
What argues against this viewThe strongest case against the neutral view is the growth stall. Trailing-twelve-month revenue of $4,666 million grew only 0.4% against the 16.7% sector median and the operating margin fell 1.1 percentage points, so the 35.4% margin may be eroding rather than durable.
Break conditionFrom the financial specialist: A later reading showing trailing-twelve-month revenue growth below the 16.7% sector revenue-growth median would break the growth read.Tests that specialist’s reading, not this page’s whole Neutral view.

Sagehood does not check this condition automatically. See research limitations below.

Valuation range

No model fair value for this run

Cash-flow model unavailable: the recorded total debt, net debt are missing or invalid. Other valuation methods retain their own checks.

Peer-implied median $34.70 from 3 peer-median multiples.

Against peers

Industrials
MultipleCPRTGroup medianPercentile
P/E (TTM)19.44×22.39×50th
P/S6.31×4.46×50th
P/B3.24×13.69×0th
FCF yield4.3%2%75th
Score details & research limitations9 unavailable fields
Conditions Sagehood can check on its ownNot available in this run. A written break condition is not an automated check; this run does not provide a source-linked rule Sagehood can verify on its own.

Where the break condition comes from: Sagehood research took this condition from the financial specialist. It tests that specialist’s own reading, so it does not say everything that would change this page’s Neutral view.

How to read this research

The score expresses the published research view. 50 is balanced.

Bullish, Neutral or Bearish beside the score is the direction of that view, set by the research from the score: 65 and above is Bullish, 45 to 64 Neutral, 44 and below Bearish.

Confidence is how well the evidence supports this view, not which way it points: Sagehood research is asked to keep it no higher than its most confident specialist, and lower when the specialists disagree or much of the evidence is weak. It is not a calibrated probability of investment success.

Source verification checks the identity and origin of evidence. It does not prove that a claim is correct or that an investment will succeed.

Valuation estimates depend on their inputs and assumptions. They are not guaranteed future prices.

Retrospective research looks back at an earlier period. It is not a verified record of a decision made then using only information available then.

Unavailable is not zero. Read the adjacent reason: information may be missing, unverified or deliberately withheld.

How Sagehood works

The session this view is fixed to

Close$30.13 on 2026-10-30, as the research recorded it
Change on the day+1.96%
First eligible market session2026-11-02

Recorded score context

Specialist source coverage8 of 10 specialists have a verified source on this run. 2 do not.
Score reconciliationThe 8 specialist contributions shown add up to the weighted starting point this score was built from.
Change since the last accepted run48 on 2026-10-29 → 50 on 2026-10-30 (+2 points). This is simple arithmetic between the two published scores, not an explanation of the change.
The run this is compared withResearch of 2026-10-29

Not in this run: Run-specific score definition, Confidence band, Horizon, Why the score changed, Today's unexplained move and Blockers.

What this was built from

Filing cited in the evidenceNot recorded on this card. The newest filing on record is under Key financials, and recent filings are listed under SEC filings.
Peer set4 names in Industrials: BA, BE, CSX, UBER. How they were chosen is under “Valuation & peers”. The valuation range shows the peer-implied median from 3 peer-median multiples.

Not in this run: Company profile date and Standing disclosure.

Not available in this run

9 fields are unavailable. Each is identified with its reason above; missing information is not zero or a negative research signal.

Price context

· adjusted close $30.13

+0.3% from 2026-06-25

Recent price-basis check: 2026-10-02 to 2026-10-30 (20 sessions). Economic comparability outside this window remains unchecked.

CPRT adjusted close
Adjusted price · USD · viewing 2026-06-25 to 2026-10-30

Selected 2026-10-30. CPRT adjusted close. Continuous series. $30.13 US dollars.

90 daily adjusted-price observations through 2026-10-30, ending at the 2026-10-30 research date. The final point is a dated final close. Shown for context, not point-in-time research evidence: the research used the prices recorded with it.

Use the arrow keys on the chart to step through observations.

Published score history

2026-07-23 to 2026-10-30 · 37 publications

Each point is a verified published score. The line breaks where the research method changed (4 methods, numbered in the order they were first used), so scores are not joined across methods. Hollow points were published after their decision window (retrospective).

Every published score and confidence
Research dateScoreViewConfidenceMethod
2026-10-3050Neutral45Method 4
2026-10-2948Neutral45Method 4
2026-10-2850Neutral49Method 4
2026-10-2746Neutral55Method 4
2026-10-2648Neutral55Method 4
2026-10-2349Neutral50Method 4
2026-10-2246Neutral50Method 4
2026-10-2144Bearish50Method 4
2026-10-1646Neutral50Method 4
2026-10-0938Bearish55Method 4
2026-10-0734Bearish55Method 4
2026-10-0236Bearish67Method 4
2026-10-0140Bearish62Method 4
2026-09-3042Bearish60Method 4
2026-09-2943Bearish44Method 4
2026-09-2845Neutral38Method 4
2026-09-2545Neutral42Method 4
2026-09-24 · retrospective47Neutral60Method 4
2026-09-2347Neutral55Method 4
2026-09-1850Neutral55Method 4
2026-09-16 · retrospective46Neutral52Method 4
2026-09-09 · retrospective47Neutral50Method 4
2026-09-0448Neutral50Method 4
2026-09-01 · retrospective45Neutral50Method 4
2026-08-31 · retrospective42Bearish59Method 3
2026-08-2842Bearish59Method 3
2026-08-26 · retrospective40Bearish59Method 3
2026-08-24 · retrospective41Bearish59Method 3
2026-08-20 · retrospective44Bearish59Method 3
2026-08-19 · retrospective42Bearish59Method 3
2026-08-1442Bearish69Method 2
2026-08-1344Bearish69Method 1
2026-08-0747Neutral69Method 1
2026-08-0647Neutral70Method 1
2026-08-0444Bearish69Method 1
2026-07-3146Neutral56Method 1
2026-07-2343Bearish46Method 1

Specialists

8 of 10 published specialist analyses are available.

Each specialist’s view is shown as the published research recorded it; supporting detail appears only when it was recorded with that same view.

2 unavailable

CPRT research

Financial specialist

Showing Financial specialist result.

Financial specialist

Evaluated for this session

Neutral

Copart earns a 35.4% trailing-twelve-month operating margin on $4,666 million of trailing-twelve-month revenue, well above the 14.9% sector operating-margin median, but revenue growth of 0.4% trails the 16.7% sector revenue-growth median and the operating margin fell 1.1 percentage points.

Full analyst note

What the specialist sees

Evidence: trailing-twelve-month revenue was $4,666 million with 0.4% growth, and quarterly revenue growth turned positive at 2.1% and 2.4% after −3.6%.

Why it matters now

Revenue growth of 0.4% is far below the 16.7% sector revenue-growth median, so the 35.4% trailing-twelve-month operating margin reflects a mature, high-margin model rather than expansion.

What could change the view

Countercase: Total debt and net debt to EBITDA are not available, and the 1.1 percentage-point operating-margin decline shows costs are rising, so the balance-sheet read rests on incomplete leverage evidence. Falsifier: A later reading showing trailing-twelve-month revenue growth below the 16.7% sector revenue-growth median would break the growth read.

Specialist score details
Specialist score
52
Evidence confidence
80
Base weight for this role
0.13
Base weight × confidence
10.40
Weight in the score (the chip's weight)
0.22
Weighted contribution
11.52
Business driver
Trailing-twelve-month revenue was $4,666 million with 0.4% growth, and quarterly revenue growth turned positive at 2.1% and 2.4% after −3.6%.
Mechanism
Revenue growth of 0.4% is far below the 16.7% sector revenue-growth median, so the 35.4% trailing-twelve-month operating margin reflects a mature, high-margin model rather than expansion.
Countercase
Total debt and net debt to EBITDA are not available, and the 1.1 percentage-point operating-margin decline shows costs are rising, so the balance-sheet read rests on incomplete leverage evidence.
Contributions & coverage details

Specialist contributions

Each specialist’s recorded numbers, in the usual specialist order, as recorded: nothing is re-ranked or recalculated. Weights and contributions show two decimals; hover for the exact value.

Financial specialist

Neutral

Score
52
Evidence confidence
80
Weight in the score
0.22
Weighted contribution
11.52

Risk specialist

Bearish

Score
44
Evidence confidence
55
Weight in the score
0.09
Weighted contribution
4.12

Sector specialist

Neutral

Score
55
Evidence confidence
55
Weight in the score
0.12
Weighted contribution
6.44

SEC filings specialist

Neutral

Score
50
Evidence confidence
50
Weight in the score
0.03
Weighted contribution
1.60

News specialist

Neutral

Score
50
Evidence confidence
45
Weight in the score
0.11
Weighted contribution
5.27

Price-trend specialist

Neutral

Score
47
Evidence confidence
55
Weight in the score
0.23
Weighted contribution
11.01

Valuation specialist

Neutral

Score
50
Evidence confidence
30
Weight in the score
0.10
Weighted contribution
5.11

Economy specialist

Neutral

Score
54
Evidence confidence
55
Weight in the score
0.09
Weighted contribution
5.06

Published specialist analyses unavailable: Geopolitics specialist, Social-media specialist. No specialist result is inferred.

  • Geopolitics specialist: This specialist had no checked public source on this run, so no source-backed analysis is shown.
  • Social-media specialist: This specialist had no checked public source on this run, so no source-backed analysis is shown.

How this insight was formed

Each specialist view shown here is checked against the published research files. Sagehood research combined those views into the one Research Score above.

Evidence & method

Inspect the reasoning, source records and valuation behind this dated view.

Sagehood research reasoningSpecialist reasoning, selected statements and filing context
Accepted publication2026-10-30 researchNext eligible session 2026-11-02point-in-time

CPRT: Sagehood research reasoning

Accepted research score

50

Neutral50 is balanced
Lead specialist in the research decision:

Financial specialist

Neutral

Specialist score 52Evidence confidence 80
What the specialist sees

Trailing-twelve-month revenue was $4,666 million with 0.4% growth, and quarterly revenue growth turned positive at 2.1% and 2.4% after −3.6%.

Why it matters

Revenue growth of 0.4% is far below the 16.7% sector revenue-growth median, so the 35.4% trailing-twelve-month operating margin reflects a mature, high-margin model rather than expansion.

What argues against it

Total debt and net debt to EBITDA are not available, and the 1.1 percentage-point operating-margin decline shows costs are rising, so the balance-sheet read rests on incomplete leverage evidence.

This specialist’s break condition: A later reading showing trailing-twelve-month revenue growth below the 16.7% sector revenue-growth median would break the growth read.

How the score was formed

The specialists’ weighted starting point was 50.14. Sagehood research’s adjustment was −0.14. 48 on 2026-10-29 → 50 on 2026-10-30 (+2 points). This is simple arithmetic between the two published scores, not an explanation of the change.

Evidence Sagehood research weighed

These selected claims are evidence Sagehood research weighed, not a reconstruction of the numeric adjustment.

Claims as this research published them. Sagehood confirms each claim and its support were published together with this research. That is not an independent check, and it does not prove the claim is accurate or predict future performance.

  1. Financial specialist

    Same statement as under “What the specialist sees” above.

  2. Valuation specialist

    Copart has no DCF grid because debt and net debt are unavailable, and the peer-implied median of $34.7 rests on 3 implied prices, 15% above the $30.13 close, while the own P/B of 3.24 sits at the 0th percentile of the peer set.

  3. Risk specialist

    Copart shows drawdown from the one-year high −29.9% versus maximum one-year drawdown −38.9%, twenty-day annualized volatility 35.7% against sixty-day annualized volatility 39.5% with volatility trend stable, one-year large daily-move count 16, and days to earnings 20.

Sagehood research decision

The investment case, main risk and break condition are the ones shown under Sagehood’s view at the top of this page.

Recorded break condition
Break condition as kept in the decision trail

A later reading showing TTM revenue growth below the 16.7% sector revenue-growth median would break the growth read.

Evidence & sourcesClaim-support availability, filing-context links and research method

CPRT: This run has no checked links from its claims to their evidence. The specialists’ writing is shown as recorded, and no missing evidence is filled in.

Accepted research

Research dated 2026-10-30.

How this research was made

This research is AI-generated and is not investment advice.

Research date
2026-10-30
Valuation & peersInput limits notedFair-value cells, peer multiples and the inputs behind the range

Cash-flow model unavailable

Against the 2026-10-30 close of $30.13 (recorded)

Fundamentals reference date: 2026-07-31.

Cash-flow model unavailable: the recorded total debt, net debt are missing or invalid. Other valuation methods retain their own checks.

Implied by the median of 3 peer-median multiples: $34.70 (+15.2% vs close)

Peers: the 4 Liquid 100 names in Industrials that this run priced. Companies outside the Liquid 100 are not in the set.

The names: BA, BE, CSX, UBER.

Multiples against the peer group

Industrials · 4 companies in the group

  • Price to earnings (trailing twelve months)19.44×

    Peer median 22.39× · middle half 16.85× to 51.09× · 50th percentile of the group

  • Price to sales6.31×

    Peer median 4.46× · middle half 2.19× to 9.12× · 50th percentile of the group

  • Price to book3.24×

    Peer median 13.69× · middle half 6.29× to 23.89× · 0th percentile of the group

  • Free cash flow yield4.3%

    Peer median 2% · middle half 0.51% to 4.36% · 75th percentile of the group

This run declares Enterprise value to EBITDA and computes no value for it, for this company or for its peer group.

Evidence limits: 17 valuation inputs required conservative handling: another valuation input required conservative handling; no full-year gross-profit line was filed; total debt was unavailable; depreciation and amortization were available but not used because this version does not compute an EV/EBITDA multiple; debt coverage was incomplete.

Includes the currently displayed specialist or comparison, not every specialist. Dates and limitations remain attached.

Sagehood research is for general information. It is not individualized investment advice or a recommendation to buy or sell any security.

Copart (CPRT) research | Sagehood