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Copart CPRT Gross margin

Discontinued — last reported Q2 '20

Gross margin at other companies

Carvana logo
CarvanaCVNA
20.1%-1.5pp
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
51.6%+0.4pp
AutoZone logo
AutoZoneAZO
51.8%-1.2pp
Paccar logo
PaccarPCAR
19.9%-2.0pp

Other financials

Income statement

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Revenue$1.2B+2.1%
Operating income$464.3M+2.8%
Net income$402.4M-1.0%
EPS (diluted)$0.43+2.4%

Balance sheet

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Cash & equivalents$3.4B+41.7%
Total equity$8.8B-0.1%
Total assets$9.6B-0.2%

Cash flow

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Operating cash flow$584.2M-16.7%
CapEx$80.9M-36.8%
Free cash flow$503.3M-12.2%

Valuation

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Market cap$27.99B-46.7%
P/E18×-17.5×
P/S-5.4×

Profitability

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Operating margin36.6%+0.8pp
Net margin33.5%+1.3pp

Returns & leverage

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Return on equity17.7%-0.8pp
Debt / equity0.0×
Current ratio7.6×-0.5×

Where this comes from

Calculated from Copart’s reported figures.

Based on trailing twelve months.

The official record: Copart’s 10-Q, filed February 24, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.