CopartCPRT +1.66%86 Gross Margin % is 46.29% as of Apr. 2026, which is 3% above its 10-year median of 44.96. GuruFocus rates CPRT with a GF Score™ of 86/100 and a GF Value™ of $56.80 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,007 Business Services companies, Copart ranks better than 64.55% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Copart's Gross Profit for the
three
months ended in Apr. 2026 was $573 Mil. Copart's Revenue for the
three
months ended in Apr. 2026 was $1,237 Mil. Therefore, Copart's Gross Margin % for the quarter that ended in Apr. 2026 was 46.29%.
Warning Sign:
Copart Inc gross margin has been in long-term decline. The average rate of decline per year is -1.1%.
The historical rank and industry rank for Copart's Gross Margin % or its related term are showing as below:
CPRT'
s Gross Margin % Range Over the Past 10 Years
Min: 42.22 Med: 44.96 Max: 49.88
Current: 45.53
During the past 13 years, the highestGross Margin % of Copart was 49.88%. The lowest was 42.22%. And the median was 44.96%.
CPRT's Gross Margin % is ranked better than 64.55% of 1007
companies
in the Business Services industry
Industry Median: 34.46
vs CPRT: 45.53
Copart had a gross margin of 46.29% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Copart was -1.10% per year.
Copart (NAS:CPRT) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Copart had a gross margin of 46.29% for the quarter that ended in Apr. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Copart Gross Margin % Related Terms
Copart Gross Margin % Historical Data
* Premium members only.
The historical data trend for Copart's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Business Services subindustry, Copart's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Copart Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, Copart's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Copart's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Copart (CPRT) has a Gross Margin % of 46.29% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Copart and its competitors. This is near median its historical median of 44.96. Over the past decade, Copart's Gross Margin % has ranged from 42.22 to 49.88. According to the industry distribution chart, Copart ranks #357 out of 1007 companies in the Business Services industry, placing it in the top 35.5%.
Is Copart's Gross Margin % too high?
Copart's current Gross Margin % of 46.29% is near median its 10-year median of 44.96. Over the past 10 years, this metric has ranged from a low of 42.22 to a high of 49.88. The Business Services industry median Gross Margin % is 34.46. Copart's value of 46.29% is 34.3% above this industry median. Based on the distribution chart, Copart ranks #357 out of 1007 companies in the Business Services industry, which is above the industry midpoint. Overall, Copart has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Copart's Gross Margin % compare to GPN and ULS?
According to the Business Services industry distribution chart, Copart ranks #357 out of 1007 companies for Gross Margin %. This puts Copart in the upper half of its industry. The industry median Gross Margin % is 34.46. Copart's value of 46.29% is 34.3% above this benchmark. Historically, Copart's own Gross Margin % has ranged from 42.22 to 49.88 over the past decade. While the company's 10-year median is 44.96 vs. the industry median of 34.46, Copart has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.46, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Copart's current Gross Margin % of 46.29% is 34.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Copart and its competitors. For the Business Services industry, the median Gross Margin % is 34.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copart's current Gross Margin % is 46.29%, which is near median its own 10-year median of 44.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copart stock overvalued right now?
Based on GuruFocus' analysis, Copart (CPRT) is currently considered Significantly Undervalued. The stock's GF Value™ is $56.80, compared to a current price of $30.55 — trading 46.2% below its estimated fair value. The current Gross Margin % is 46.29%, which is near median its 10-year median of 44.96 and 34.3% above the Business Services industry median of 34.46. Copart's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Copart (CPRT), the current Gross Margin % is 46.29% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Copart (CPRT) Overvalued in 2026?
Based on GuruFocus' analysis, Copart stock appears to be undervalued.
The current stock price of $30.55 is trading 46.2% below its estimated GF Value™ of $56.80.
GuruFocus considers Copart to be Significantly Undervalued.
Key valuation signals for CPRT:
Gross Margin %: 46.29% (near median its 10-year median of 44.96)
GF Value™: $56.80 vs. price of $30.55 (46.2% below fair value)
Industry Position: 34.3% above the Business Services median (#357 of 1007)
No single metric tells the full story. See the CPRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in Dallas, Copart operates a global online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 4 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.
86GF Score
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