Copart Net Loss Income from Discontinued Operations from 2010 to 2024

CPRT Stock  USD 57.92  0.68  1.19%   
Check Copart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Copart main balance sheet or income statement drivers, such as Depreciation And Amortization of 192.8 M, Interest Expense of 79.6 M or Total Revenue of 4.7 B, as well as many exotic indicators such as Short Term Coverage Ratios of 80.37, Price Earnings Ratio of 19.98 or Price To Sales Ratio of 10.29. Copart financial statements analysis is a perfect complement when working with Copart Valuation or Volatility modules.
  
This module can also supplement Copart's financial leverage analysis and stock options assessment as well as various Copart Technical models . Check out the analysis of Copart Correlation against competitors.

About Copart Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Copart income statement, its balance sheet, and the statement of cash flows. Copart investors use historical funamental indicators, such as Copart's Net Loss Income from Discontinued Operations, to determine how well the company is positioned to perform in the future. Although Copart investors may use each financial statement separately, they are all related. The changes in Copart's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Copart's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Copart Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Copart. Please read more on our technical analysis and fundamental analysis pages.
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. Copart, Inc. was incorporated in 1982 and is headquartered in Dallas, Texas. Copart operates under Auto Truck Dealerships classification in the United States and is traded on NASDAQ Exchange. It employs 9500 people.

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

  0.78NL NL IndustriesPairCorr
  0.89WM Waste Management Financial Report 24th of April 2024 PairCorr

Moving against Copart Stock

  0.84AMBI Ambipar Emergency Report 10th of May 2024 PairCorr
  0.83LNZA LanzaTech Global Report 3rd of April 2024 PairCorr
  0.78ACCO Acco Brands Financial Report 2nd of May 2024 PairCorr
  0.53EXPO Exponent Financial Report 25th of April 2024 PairCorr
  0.49VIRC Virco Manufacturing Report 26th of April 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.
Pair CorrelationCorrelation Matching
When determining whether Copart Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Copart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Copart Inc Stock. Highlighted below are key reports to facilitate an investment decision about Copart Inc Stock:
Check out the analysis of Copart Correlation against competitors.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Global Correlations
Find global opportunities by holding instruments from different markets
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.