Copart Net Income Per E B T vs Net Income Per Share Analysis

CPRT Stock

USD 55.73 0.51 0.92%

Copart financial indicator trend analysis is way more than just evaluating Copart Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copart Inc is a good investment. Please check the relationship between Copart Net Income Per E B T and its Net Income Per Share accounts. 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.

Net Income Per E B T vs Net Income Per Share

Net Income Per E B T vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Net Income Per E B T account and Net Income Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Copart's Net Income Per E B T and Net Income Per Share is 0.32. Overlapping area represents the amount of variation of Net Income Per E B T that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Copart Inc, assuming nothing else is changed. The correlation between historical values of Copart's Net Income Per E B T and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per E B T of Copart Inc are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Net Income Per E B T i.e., Copart's Net Income Per E B T and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income Per E B T

Net Income Per Share

Most indicators from Copart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

Selling General Administrative is likely to gain to about 281.4 M in 2024. Tax Provision is likely to gain to about 382.3 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	3.5B	3.9B	4.4B	4.7B
Interest Expense	16.7M	65.9M	75.8M	79.6M

Total Revenue Interest Expense

Copart fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Inventory	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		-0.4	0.25	0.96	1.0	0.99	-0.83	0.99	0.97	0.9	0.99	0.84	0.97	0.99	-0.1	-0.18	0.34	0.98	0.51	0.99	-0.39	0.48	0.82	0.99	-0.36	-0.36
Short Long Term Debt Total	-0.4		-0.3	-0.19	-0.47	-0.35	0.66	-0.49	-0.27	-0.37	-0.32	-0.17	-0.49	-0.33	0.56	0.93	-0.02	-0.28	0.57	-0.46	0.5	-0.2	-0.41	-0.35	-0.49	-0.49
Other Current Liab	0.25	-0.3		0.25	0.26	0.27	-0.59	0.26	0.26	0.55	0.27	0.12	0.19	0.28	0.05	-0.21	0.6	0.26	0.0	0.22	-0.11	0.16	0.53	0.27	-0.12	-0.12
Total Current Liabilities	0.96	-0.19	0.25		0.94	0.96	-0.72	0.93	0.98	0.85	0.98	0.88	0.89	0.97	0.09	0.02	0.38	0.99	0.68	0.92	-0.22	0.49	0.8	0.96	-0.57	-0.57
Total Stockholder Equity	1.0	-0.47	0.26	0.94		0.98	-0.86	1.0	0.95	0.9	0.97	0.82	0.98	0.97	-0.15	-0.26	0.32	0.97	0.43	0.99	-0.41	0.47	0.83	0.98	-0.29	-0.29
Property Plant And Equipment Net	0.99	-0.35	0.27	0.96	0.98		-0.83	0.97	0.99	0.91	1.0	0.81	0.93	0.98	-0.09	-0.11	0.46	0.99	0.57	0.95	-0.43	0.51	0.84	1.0	-0.39	-0.39
Net Debt	-0.83	0.66	-0.59	-0.72	-0.86	-0.83		-0.86	-0.77	-0.94	-0.81	-0.56	-0.83	-0.8	0.25	0.44	-0.5	-0.78	-0.15	-0.83	0.51	-0.41	-0.86	-0.83	0.06	0.06
Retained Earnings	0.99	-0.49	0.26	0.93	1.0	0.97	-0.86		0.95	0.9	0.97	0.82	0.98	0.97	-0.17	-0.28	0.31	0.96	0.41	0.99	-0.42	0.46	0.82	0.97	-0.27	-0.27
Accounts Payable	0.97	-0.27	0.26	0.98	0.95	0.99	-0.77	0.95		0.88	0.99	0.83	0.89	0.99	-0.04	-0.02	0.45	0.99	0.64	0.93	-0.42	0.57	0.81	0.98	-0.47	-0.47
Cash	0.9	-0.37	0.55	0.85	0.9	0.91	-0.94	0.9	0.88		0.9	0.68	0.86	0.88	-0.08	-0.14	0.55	0.88	0.46	0.88	-0.4	0.41	0.88	0.91	-0.29	-0.29
Non Current Assets Total	0.99	-0.32	0.27	0.98	0.97	1.0	-0.81	0.97	0.99	0.9		0.83	0.92	0.98	-0.05	-0.08	0.46	1.0	0.6	0.95	-0.4	0.52	0.84	1.0	-0.43	-0.43
Non Currrent Assets Other	0.84	-0.17	0.12	0.88	0.82	0.81	-0.56	0.82	0.83	0.68	0.83		0.81	0.85	0.24	-0.03	0.17	0.87	0.57	0.83	-0.07	0.29	0.58	0.81	-0.59	-0.59
Cash And Short Term Investments	0.97	-0.49	0.19	0.89	0.98	0.93	-0.83	0.98	0.89	0.86	0.92	0.81		0.93	-0.18	-0.32	0.16	0.92	0.37	1.0	-0.35	0.37	0.77	0.93	-0.22	-0.22
Net Receivables	0.99	-0.33	0.28	0.97	0.97	0.98	-0.8	0.97	0.99	0.88	0.98	0.85	0.93		-0.07	-0.11	0.37	0.99	0.57	0.96	-0.39	0.55	0.81	0.98	-0.43	-0.43
Common Stock Shares Outstanding	-0.1	0.56	0.05	0.09	-0.15	-0.09	0.25	-0.17	-0.04	-0.08	-0.05	0.24	-0.18	-0.07		0.5	0.04	0.02	0.42	-0.15	0.59	-0.3	0.03	-0.1	-0.8	-0.8
Non Current Liabilities Total	-0.18	0.93	-0.21	0.02	-0.26	-0.11	0.44	-0.28	-0.02	-0.14	-0.08	-0.03	-0.32	-0.11	0.5		0.22	-0.05	0.74	-0.27	0.26	0.03	-0.22	-0.11	-0.58	-0.58
Other Current Assets	0.34	-0.02	0.6	0.38	0.32	0.46	-0.5	0.31	0.45	0.55	0.46	0.17	0.16	0.37	0.04	0.22		0.42	0.4	0.22	-0.42	0.34	0.56	0.46	-0.27	-0.27
Other Stockholder Equity	0.98	-0.28	0.26	0.99	0.97	0.99	-0.78	0.96	0.99	0.88	1.0	0.87	0.92	0.99	0.02	-0.05	0.42		0.62	0.95	-0.36	0.51	0.82	0.99	-0.5	-0.5
Total Liab	0.51	0.57	0.0	0.68	0.43	0.57	-0.15	0.41	0.64	0.46	0.6	0.57	0.37	0.57	0.42	0.74	0.4	0.62		0.42	0.04	0.33	0.37	0.56	-0.8	-0.8
Total Current Assets	0.99	-0.46	0.22	0.92	0.99	0.95	-0.83	0.99	0.93	0.88	0.95	0.83	1.0	0.96	-0.15	-0.27	0.22	0.95	0.42		-0.37	0.42	0.79	0.95	-0.27	-0.27
Short Term Debt	-0.39	0.5	-0.11	-0.22	-0.41	-0.43	0.51	-0.42	-0.42	-0.4	-0.4	-0.07	-0.35	-0.39	0.59	0.26	-0.42	-0.36	0.04	-0.37		-0.51	-0.28	-0.43	-0.33	-0.33
Intangible Assets	0.48	-0.2	0.16	0.49	0.47	0.51	-0.41	0.46	0.57	0.41	0.52	0.29	0.37	0.55	-0.3	0.03	0.34	0.51	0.33	0.42	-0.51		0.31	0.51	-0.15	-0.15
Inventory	0.82	-0.41	0.53	0.8	0.83	0.84	-0.86	0.82	0.81	0.88	0.84	0.58	0.77	0.81	0.03	-0.22	0.56	0.82	0.37	0.79	-0.28	0.31		0.84	-0.36	-0.36
Property Plant And Equipment Gross	0.99	-0.35	0.27	0.96	0.98	1.0	-0.83	0.97	0.98	0.91	1.0	0.81	0.93	0.98	-0.1	-0.11	0.46	0.99	0.56	0.95	-0.43	0.51	0.84		-0.38	-0.38
Common Stock Total Equity	-0.36	-0.49	-0.12	-0.57	-0.29	-0.39	0.06	-0.27	-0.47	-0.29	-0.43	-0.59	-0.22	-0.43	-0.8	-0.58	-0.27	-0.5	-0.8	-0.27	-0.33	-0.15	-0.36	-0.38		1.0
Common Stock	-0.36	-0.49	-0.12	-0.57	-0.29	-0.39	0.06	-0.27	-0.47	-0.29	-0.43	-0.59	-0.22	-0.43	-0.8	-0.58	-0.27	-0.5	-0.8	-0.27	-0.33	-0.15	-0.36	-0.38	1.0

Click cells to compare fundamentals

Copart Account Relationship Matchups

Copart fundamental ratios 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	9.5M
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

0.84	BV	BrightView Holdings Earnings Call This Week	Pair Corr
0.75	NL	NL Industries	Pair Corr
0.73	ABM	ABM Industries rporated Financial Report 4th of June 2024	Pair Corr

Moving against Copart Stock

0.83	CLVT	CLARIVATE PLC Financial Report 14th of May 2024	Pair Corr
0.76	LNZA	LanzaTech Global Financial Report 20th of May 2024	Pair Corr
0.76	AZ	A2Z Smart Technologies	Pair Corr
0.68	OMEX	Odyssey Marine Explo	Pair Corr
0.66	ARC	ARC Document Solutions Financial Report 1st of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Copart

Details

Is Copart Stock a good investment?

Details

What is Copart's Net Worth?

Details

Largest Commercial Services & Supplies Companies

View

Largest Commercial & Professional Services Companies

View

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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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.

	Technical Analysis Check basic technical indicators and analysis based on most latest market data
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Copart Net Income Per E B T vs Net Income Per Share Analysis

Net Income Per E B T vs Net Income Per Share

Net Income Per E B T vs Net Income Per Share Correlation Analysis

Correlation Coefficient

Net Income Per E B T

Net Income Per Share

Copart fundamental ratios Correlations

Copart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Copart fundamental ratios Accounts

Copart Investors Sentiment

Pair Trading with Copart

Moving together with Copart Stock

Moving against Copart Stock

Complementary Tools for Copart Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Stockholder Equity	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Cash	- 0.94	Net Debt
Inventory	- 0.86	Net Debt
Retained Earnings	- 0.86	Net Debt
Net Debt	- 0.86	Total Stockholder Equity
Property Plant And Equipment Gross	- 0.83	Net Debt
Total Current Assets	- 0.83	Net Debt