Financials Copart, Inc.

Equities

CPRT

US2172041061

Internet Services

Market Closed - Nasdaq Other stock markets 16:00:00 2025-06-18 EDT			5-day change	1st Jan Change
47.88 ^USD	-0.25%		-4.22%	-16.57%

06-03	Tranche Update on Copart, Inc.'s Equity Buyback Plan announced on February 20, 2003.	CI
05-23	JPMorgan Adjusts Price Target on Copart to $55 From $60, Maintains Neutral Rating	MT

Projected Income Statement: Copart, Inc.

Fiscal Period: July	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,206	2,693	3,501	3,870	4,237	4,683	5,087	5,635
Change	-	22.08%	30.02%	10.53%	9.49%	10.52%	8.63%	10.79%
EBITDA ¹	920.4	1,260	1,514	1,646	1,762	1,906	2,174	2,456
Change	-	36.85%	20.17%	8.76%	7.05%	8.14%	14.06%	12.98%
EBIT ¹	816.1	1,136	1,375	1,487	1,572	1,692	1,942	2,206
Change	-	39.25%	20.99%	8.11%	5.75%	7.61%	14.83%	13.57%
Interest Paid ¹	-18.87	-20.25	-16.69	65.93	-	-150	-130	-90
Earnings before Tax (EBT) ¹	800.8	1,122	1,341	1,554	1,715	1,865	2,121	2,397
Change	-	40.08%	19.53%	15.91%	10.31%	8.77%	13.74%	13.02%
Net income ¹	699.9	936.5	1,090	1,238	1,363	1,512	1,692	1,904
Change	-	33.8%	16.41%	13.54%	10.12%	10.93%	11.88%	12.56%
Announcement Date	9/2/20	9/8/21	9/7/22	9/14/23	9/4/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: July	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	525.7	592.9	617	733.9	748.6	810.1	867.5	939.9	883.4	893.4	956.7	1,022	997.6	1,020	1,020	1,127	1,069	1,147	1,163	1,212	1,136	1,230	1,244	1,314	1,245
Change	-	12.8%	4.06%	18.94%	2.01%	8.22%	7.08%	8.36%	-6.02%	1.13%	7.09%	6.81%	-2.37%	2.29%	-0.03%	10.5%	-5.17%	7.28%	1.44%	4.16%	-6.26%	8.25%	1.15%	5.63%	-5.21%
EBITDA ¹	233.2	277.8	289.9	360.4	331.4	362.2	380.9	409.5	361.1	350.8	404.3	456.2	435	438.7	425	487.9	410.6	461.2	480.5	506.1	460.3	524.7	531.6	587.1	543.2
Change	-	19.13%	4.34%	24.31%	-8.02%	9.27%	5.17%	7.5%	-11.82%	-2.83%	15.24%	12.83%	-4.64%	0.86%	-3.12%	14.79%	-15.84%	12.32%	4.17%	5.33%	-9.04%	13.97%	1.32%	10.45%	-7.48%
EBIT ¹	205.7	248.6	258.2	328.1	301.5	330.1	347.3	372.8	324.8	311.5	365.5	418.9	390.6	395.4	379.9	437.2	359.5	406.4	426.2	451.5	401.1	471.4	472.7	527.2	485
Change	-	20.84%	3.87%	27.07%	-8.11%	9.49%	5.21%	7.32%	-12.87%	-4.09%	17.34%	14.61%	-6.76%	1.22%	-3.91%	15.08%	-17.76%	13.02%	4.88%	5.94%	-11.18%	17.53%	0.28%	11.52%	-7.99%
Charge d'intérêts	-4.803	-5.032	-4.849	-5.346	-5.02	-5.107	-4.433	-4.492	-2.656	4.422	14.48	17.88	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	201.9	246.8	252.5	323.5	299	325.8	342.1	369.6	303.5	313.1	377.1	440.4	423.7	423.3	410.8	472.1	408.4	451.3	463.1	502.8	447.1	517.1	518.6	574.2	532.2
Change	-	22.26%	2.28%	28.16%	-7.57%	8.96%	4.98%	8.05%	-17.89%	3.17%	20.44%	16.79%	-3.8%	-0.09%	-2.97%	14.94%	-13.49%	10.5%	2.6%	8.59%	-11.08%	15.66%	0.28%	10.73%	-7.31%
Net income ¹	165.5	200.3	193.4	286.8	256	260.4	287.4	278.6	263.7	245.8	293.7	346.1	347.8	332.5	325.6	382.3	322.6	362.1	387.4	406.6	353.2	408.5	415.5	454.7	418.4
Change	-	20.99%	-3.42%	48.26%	-10.75%	1.71%	10.39%	-3.06%	-5.34%	-6.78%	19.45%	17.84%	0.5%	-4.39%	-2.07%	17.4%	-15.62%	12.25%	6.99%	4.96%	-13.14%	15.65%	1.71%	9.45%	-7.99%
Announcement Date	9/2/20	11/18/20	2/18/21	5/19/21	9/8/21	11/17/21	2/16/22	5/18/22	9/7/22	11/16/22	2/20/23	5/17/23	9/14/23	11/16/23	2/22/24	5/16/24	9/4/24	11/21/24	2/20/25	5/22/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Copart, Inc.

Fiscal Period: July	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-79.9	-651	-1,382	-946	-1,514	-3,671	-4,292	-5,959
Change	-	-714.77%	-112.29%	31.55%	-60.04%	-142.45%	-16.92%	-38.84%
Announcement Date	9/2/20	9/8/21	9/7/22	9/14/23	9/4/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Copart, Inc.

Fiscal Period: July	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	603.7	468	444.1	516.6	511	598.1	581	636.9
Change	-	-22.48%	-5.12%	16.35%	-1.09%	17.05%	-2.87%	9.62%
Free Cash Flow (FCF) ¹	314.2	522.9	839.2	847.6	961.6	1,093	1,474	1,742
Change	-	66.42%	60.5%	0.99%	13.45%	13.63%	34.88%	18.22%
Announcement Date	9/2/20	9/8/21	9/7/22	9/14/23	9/4/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Copart, Inc.

Fiscal Period: July	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	41.73%	46.78%	43.23%	42.54%	41.59%	40.7%	42.73%	43.58%
EBIT Margin (%)	37%	42.21%	39.28%	38.42%	37.1%	36.12%	38.19%	39.15%
EBT Margin (%)	36.31%	41.67%	38.3%	40.17%	40.47%	39.83%	41.7%	42.54%
Net margin (%)	31.73%	34.78%	31.14%	31.99%	32.17%	32.29%	33.26%	33.79%
FCF margin (%)	14.25%	19.42%	23.97%	21.9%	22.7%	23.33%	28.97%	30.92%
FCF / Net Income (%)	44.89%	55.84%	76.98%	68.48%	70.55%	72.26%	87.12%	91.5%
Profitability
ROA	20.34%	22.19%	21.81%	20.18%	17.98%	15.68%	14.89%	13.4%
ROE	28.61%	29.56%	26.4%	22.9%	20.18%	17.18%	17.14%	16.84%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	27.37%	17.38%	12.68%	13.35%	12.06%	12.77%	11.42%	11.3%
CAPEX / EBITDA (%)	65.59%	37.16%	29.34%	31.38%	29%	31.39%	26.73%	25.93%
CAPEX / FCF (%)	192.12%	89.5%	52.91%	60.95%	53.14%	54.74%	39.42%	36.55%
Items per share
Cash flow per share ¹	-	1.031	1.22	1.411	1.511	1.72	2.048	2.363
Change	-	-	18.32%	15.69%	7.04%	13.86%	19.05%	15.4%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	3.734	4.871	6.194	7.831	9.4	10.6	12.39
Change	-	-	30.42%	27.17%	26.44%	20.03%	12.82%	16.83%
EPS ¹	0.7325	0.975	1.13	1.28	1.4	1.55	1.733	1.969
Change	-	33.11%	15.9%	13.27%	9.37%	10.71%	11.79%	13.62%
Nbr of stocks (in thousands)	939,110	946,314	950,690	954,880	962,298	966,936	966,936	966,936
Announcement Date	9/2/20	9/8/21	9/7/22	9/14/23	9/4/24	-	-	-