Copart Historical Balance Sheet
| CPRT Stock | USD 54.31 1.01 1.89% |
Trend analysis of Copart Inc balance sheet accounts such as Short Long Term Debt Total of 245.5 M, Other Current Liabilities of 4.8 M or Total Current Liabilities of 595 M provides information on Copart's total assets, liabilities, and equity, which is the actual value of Copart Inc to its prevalent stockholders. By breaking down trends over time using Copart balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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.
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About Copart Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Copart Inc at a specified time, usually calculated after every quarter, six months, or one year. Copart Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Copart and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Copart currently owns. An asset can also be divided into two categories, current and non-current.
Copart Balance Sheet Chart
Copart Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Copart Inc uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Copart's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 79.5 M in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 221.1 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Copart assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Copart Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Copart balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Copart Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Copart's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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 Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 79.5 M in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 221.1 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 119.5M | 120.5M | 138.5M | 245.5M | Total Assets | 5.3B | 6.7B | 7.7B | 8.1B |
Copart balance sheet Correlations
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Copart Account Relationship Matchups
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Copart balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 3.5B | 4.6B | 5.3B | 6.7B | 7.7B | 8.1B | |
| Short Long Term Debt Total | 518.2M | 518.1M | 119.5M | 120.5M | 138.5M | 245.5M | |
| Other Current Liab | 3.7M | 7.8M | 89.9M | 4.4M | 5.0M | 4.8M | |
| Total Current Liabilities | 356.0M | 421.0M | 440.9M | 492.8M | 566.7M | 595.0M | |
| Total Stockholder Equity | 2.5B | 3.5B | 4.6B | 6.0B | 6.9B | 7.2B | |
| Property Plant And Equipment Net | 2.1B | 2.4B | 2.6B | 3.0B | 3.4B | 3.6B | |
| Net Debt | 40.5M | (530.2M) | (1.3B) | (836.9M) | (753.2M) | (715.6M) | |
| Retained Earnings | 1.9B | 2.9B | 4.0B | 5.2B | 6.0B | 6.3B | |
| Accounts Payable | 318.5M | 369.8M | 399.0M | 440.8M | 506.9M | 532.3M | |
| Cash | 477.7M | 1.0B | 1.4B | 957.4M | 1.1B | 1.2B | |
| Non Current Assets Total | 2.5B | 2.9B | 3.1B | 3.5B | 4.0B | 4.2B | |
| Non Currrent Assets Other | 39.7M | 41.8M | 47.7M | 65.8M | 75.7M | 79.5M | |
| Cash And Short Term Investments | 477.7M | 1.0B | 1.4B | 2.4B | 2.7B | 2.9B | |
| Net Receivables | 376.9M | 500.6M | 628.5M | 708.6M | 814.9M | 855.6M | |
| Common Stock Shares Outstanding | 954.6M | 961.2M | 964.6M | 966.6M | 870.0M | 949.9M | |
| Liabilities And Stockholders Equity | 3.5B | 4.6B | 5.3B | 6.7B | 7.7B | 8.1B | |
| Non Current Liabilities Total | 609.7M | 611.9M | 242.4M | 257.7M | 296.3M | 221.1M | |
| Other Current Assets | 89.0M | 108.7M | 131.0M | 26.3M | 30.3M | 35.0M | |
| Other Stockholder Equity | 672.7M | 761.8M | 838.5M | 938.9M | 1.1B | 1.1B | |
| Total Liab | 965.7M | 1.0B | 683.3M | 750.4M | 863.0M | 906.2M | |
| Total Current Assets | 963.8M | 1.7B | 2.2B | 3.3B | 3.8B | 3.9B | |
| Short Term Debt | 25.6M | 22.5M | 21.8M | 21.5M | 24.7M | 25.5M | |
| Intangible Assets | 47.8M | 45.9M | 54.7M | 62.7M | 56.4M | 40.7M | |
| Inventory | 20.1M | 45.0M | 58.8M | 40.0M | 46.0M | 48.3M | |
| Property Plant And Equipment Gross | 2.1B | 2.4B | 2.6B | 3.0B | 3.4B | 3.6B | |
| Accumulated Other Comprehensive Income | (121.1M) | (100.9M) | (169.4M) | (141.0M) | (126.9M) | (120.6M) | |
| Other Liab | 117.1M | 116.3M | 144.7M | 158.7M | 182.5M | 191.6M | |
| Other Assets | 39.9M | 41.8M | 47.7M | 65.8M | 75.7M | 48.0M | |
| Long Term Debt | 397.0M | 397.6M | 2.0M | 10.9M | 12.5M | 11.9M | |
| Property Plant Equipment | 2.0B | 2.4B | 2.6B | 2.9B | 3.4B | 3.5B | |
| Current Deferred Revenue | 8.2M | 21.0M | 20.1M | 26.1M | 30.0M | 31.5M | |
| Good Will | 343.6M | 355.7M | 402.0M | 394.3M | 354.9M | 337.1M | |
| Net Tangible Assets | 2.1B | 3.1B | 4.2B | 5.5B | 6.3B | 6.6B | |
| Retained Earnings Total Equity | 1.2B | 1.3B | 1.9B | 4.0B | 4.5B | 4.8B | |
| Long Term Debt Total | 398.7M | 400.1M | 397.0M | 2.0M | 1.8M | 1.7M | |
| Deferred Long Term Liab | 19.7M | 48.7M | 71.7M | 80.1M | 92.1M | 96.7M | |
| Non Current Liabilities Other | 30.9M | 38.5M | 430K | 160.3M | 184.4M | 193.6M |
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
| 0.75 | NL | NL Industries Earnings Call This Week | PairCorr |
| 0.85 | WM | Waste Management Earnings Call Tomorrow | PairCorr |
Moving against Copart Stock
| 0.62 | ACU | Acme United | PairCorr |
| 0.58 | FORR | Forrester Research Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | FC | Franklin Covey Financial Report 26th of June 2024 | 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.