Copart Net Invested Capital vs Short Term Investments Analysis
| CPRT Stock | USD 55.20 0.80 1.47% |
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 Invested Capital and its Short Term Investments 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 Invested Capital vs Short Term Investments
Net Invested Capital vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Net Invested Capital account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Copart's Net Invested Capital and Short Term Investments is 0.75. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Term Investments 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 Invested Capital and Short Term Investments 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 Invested Capital of Copart Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Invested Capital i.e., Copart's Net Invested Capital and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Short Term Investments
Short Term Investments is an item under the current assets section of Copart balance sheet. It contains any investments Copart Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Copart Inc can easily liquidate in the marketplace.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 |
Copart fundamental ratios Correlations
Click cells to compare fundamentals
Copart Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.76 | NL | NL Industries | PairCorr |
| 0.78 | WM | Waste Management | PairCorr |
Moving against Copart Stock
| 0.82 | SOS | SOS Limited Report 16th of May 2024 | PairCorr |
| 0.78 | LNZAW | LanzaTech Global | PairCorr |
| 0.71 | ACCO | Acco Brands | PairCorr |
| 0.68 | HDSN | Hudson Technologies | PairCorr |
| 0.67 | LNZA | LanzaTech Global Earnings Call This Week | 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.