CPRT
COPART INCEvidence as of 2026-10-17The desk's Snapshot
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Overview · COPART INC
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain, and Spain. It offers a range of services for processing and selling vehicles over the internet through its virtual bidding third generation internet auction-style sales technology to vehicle sellers, insuran…
Management team
- Mr. David Kang · Chief Marketing OfficerFind on LinkedIn
- Mr. Hessel Verhage · Chief Operating OfficerFind on LinkedIn
- Mr. Adiel Avelar · Managing Director of Copart BrazilFind on LinkedIn
- Mr. Robert H. Vannuccini · Chief Sales OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.5 on a −2 to +2 scale (was −0.6 before the debate changed the read).
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Cautious ( -0.5 of a possible +2; was -0.6 before debate) · confidence high. Over the three most recent fiscal quarters the company reported operating income of $430,694,000 in FISCAL Q1 2026 (2025-08-01 to 2025-10-31), $388,710,000 in FISCAL Q2 2026 (2025-11-01 to 2026-01-31), and $464,282,000 in Q3 2026 (2026-02-01 to 2026-04-30), with net income of $403,714,000, $350,732,000, and $402,401,000 in the same quarters and diluted EPS of $0.41, $0.36, and $0.43 respectively.
Reported shares outstanding moved from 967,731,528 (2025-09-25) to 926,330,452 reported as of 2026-09-25, while weighted-average diluted shares fell from 977,100,000 in FISCAL Q1 2026 to 942,770,000 in Q3 2026. Market signals are mixed-to-weak: 6‑month momentum is -16.7%, 12_1 momentum is -36.3%, price sits -7.1% versus the 50‑day SMA and -15.3% versus the 200‑day SMA, and short-to-medium realized volatility is elevated (30‑day annualized +37.5%, 90‑day +40.8%).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Operating income for three consecutive fiscal quarters was: $430,694,000 in fiscal Q1 2026 (2025-08-01 to 2025-10-31, 3mo), $388,710,000 in fiscal Q2 2026 (2025-11-01 to 2026-01-31, 3mo), and $464,282,000 in fiscal Q3 2026 (2026-02-01 to 2026-04-30, 3mo).
XBRL companyfacts · 0001193125-25-291660Net income for the same three quarters was: $403,714,000 in fiscal Q1 2026 (2025-08-01 to 2025-10-31, 3mo), $350,732,000 in fiscal Q2 2026 (2025-11-01 to 2026-01-31, 3mo), and $402,401,000 in fiscal Q3 2026 (2026-02-01 to 2026-04-30, 3mo).
XBRL companyfacts · 0001193125-25-291660Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
An 8-K/A filed 2026-08-19 discloses that on August 16, 2026 the Compensation Committee approved compensation for Jane Pocock upon her appointment as President effective August 1, 2026, including a $804,000 base salary, a target annual bonus of $643,000, a restricted stock unit grant with an $800,000 grant-date value vesting over five years, and a stock option for 500,000 shares with staged vesting and a 279,000-option tranche subject to a 125% premium-price performance vesting condition.
8-K/A filed 2026-08-19The risk-factor diff in the company filings (referenced to the 10-K filed 2025-09-26) added language highlighting that, while no single customer accounted for more than 10% of consolidated revenues for fiscal 2025, 2024, or 2023, a limited number of vehicle sellers historically have collectively accounted for a substantial portion of revenues and that vehicle sellers have terminated agreements in particular markets in the past.
Item 1A risk-factor diff · 0001628280-25-042946 vs 0000900075-24-000024Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months is -16.7% and ranks in the 19th percentile of the 882-stock research universe as of 2026-10-16.
Moneyta signal set · 2026-10-16weakened in debateMomentum measured by the 12_1 metric is -36.3% and ranks in the 8th percentile of the 882-stock research universe as of 2026-10-16.
Moneyta signal set · 2026-10-16weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings totalled "$21.84B" as of 2026-06-30, with 1,065 holders, a reported value change of -12.1% quarter-over-quarter, 150 exited positions, and a holder count delta of -19.
13F holdings · 1065 filers · as of 2026-06-30The largest reported institutional holders in the 13F as of 2026-06-30 include BlackRock, Inc. with "$1.91B", VANGUARD CAPITAL MANAGEMENT LLC with "$1.62B", STATE STREET CORP with "$1.09B", VANGUARD PORTFOLIO MANAGEMENT LLC with "$1.09B", and Invesco Ltd. with "$930.8M".
13F holdings · 1065 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets reported that Copart completed its acquisition of ACV Auctions on October 16, 2026, with coverage describing the deal as a $1.9 billion transaction.
News · finance.yahoo.com · 2026-10-16Several distinct news sites (including AOL and Yahoo Finance) ran the ACV acquisition completion story on October 16, 2026, indicating the item was widely distributed across outlets.
News · aol.com · 2026-10-16Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
The Form 4 filed 28 July 2026 shows Jeffrey Liaw (Chief Executive Officer) executed three transactions reported on the same filing: two code M purchases totaling 46,757 shares valued at "$24k" and "$376k" and one sale of 27,745 shares valued at "$846k".
Form 4 · Liaw Jeffrey (Chief Executive Officer) · $24k code M · 2026-07-28The Form 4 filed 15 July 2026 shows Jeffrey Liaw (Chief Executive Officer) executed two code M purchases of 1,277 and 812 shares valued at "$9k" and "$7k", respectively.
Form 4 · Liaw Jeffrey (Chief Executive Officer) · $9k code M · 2026-07-15Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The valuation model reports an implied free cash flow (FCF) growth rate of 14.66% that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month free cash flow (FCF) is $1,044,617,000 and FCF per share is $1.108.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Quarterly operating income, net income, and diluted EPS show recovery in Q3 2026 after a mid‑year trough, and weighted diluted shares declined meaningfully into Q3, which increases per‑share metrics on a like‑for‑like earnings base. Trailing twelve‑month free cash flow of $1.045B (FCF/share $1.108) and a P/E of 17.2 with EV/EBITDA ~12.4 present tangible cash‑flow and earnings metrics underpinning the company’s reported size and profitability. Large institutional ownership by major asset managers and inclusion in broad ETFs indicate durable capital market interest, while multiple outlets reported completion of the ACV Auctions acquisition, a material corporate development reflected in widespread coverage. Against market‑technical negatives such as recent price momentum and elevated volatility, the company’s reported fundamentals, share count dynamics, and cash flow profile constitute stronger company‑specific evidence that supports a favorable interpretation of the underlying operating and capital structure data.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.32
37 surviving claims rest on 17 distinct sources; the heaviest analyst carries 16% of them, and 97% of what the desk raised survived the debate.
The read rests on a moderate number of distinct sources (17) supporting many claims (37), with one analyst carrying a noticeable but not dominant share (16%) and an unusually high survival rate from desk debate (97%). This structure means the conclusions are fairly coherent but somewhat brittle to new, high-quality evidence from a small number of sources or to a single analyst’s overturning: treat the bundle as informative but sensitive to updates in the underlying filings or a major conflicting data point.
Peer context · computed, not argued
12-1 momentum ranks 3rd of 3 in Specialty Business Services (as of 2026-10-16).
90-day volatility ranks 1st of 3 in Specialty Business Services (as of 2026-10-16).
dividend yield ranks 3rd of 3 in Specialty Business Services (as of 2026-10-16).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
13 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.3 to the score
13 documents· 4 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.6 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
4 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.2 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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