CPRT (Copart) Inventory Turnover: 14.52 (As of Apr. 2026)


CPRT Copart Inc CPRT
82 GF Score
Price $28.21
GF Value $56.80
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Copart Inventory Turnover?

Copart CPRT +0.30% 82 Inventory Turnover is 14.52 as of Apr. 2026. GuruFocus rates CPRT with a GF Score™ of 82/100 and a GF Value™ of $56.80 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Copart's Cost of Goods Sold for the three months ended in Apr. 2026 was $664 Mil. Copart's Average Total Inventories for the quarter that ended in Apr. 2026 was $46 Mil. Copart's Inventory Turnover for the quarter that ended in Apr. 2026 was 14.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Copart's Days Inventory for the three months ended in Apr. 2026 was 6.28.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Copart's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.04.

Copart  (NAS:CPRT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Copart's Days Inventory for the three months ended in Apr. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Apr. 2026 )/Cost of Goods Sold (Q: Apr. 2026 )*Days in Period
=45.751/664.467*365 / 4
=6.28

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Copart's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=45.751 / 1237.066
=0.04

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Copart Inventory Turnover Related Terms

Copart Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Copart's Inventory Turnover 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.

Copart Inventory Turnover Chart

Copart Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.49 36.52 43.18 55.72 61.16

Copart Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.73 14.62 15.44 15.29 14.52
CPRT
82GF Score
Copart Inc CPRT
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Copart Inventory Turnover Calculation

Copart's Inventory Turnover for the fiscal year that ended in Jul. 2025 is calculated as

Inventory Turnover (A: Jul. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jul. 2025 ) / ((Total Inventories (A: Jul. 2024 ) + Total Inventories (A: Jul. 2025 )) / count )
=2547.315 / ((43.639 + 39.661) / 2 )
=2547.315 / 41.65
=61.16

Copart's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

Inventory Turnover (Q: Apr. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Apr. 2026 ) / ((Total Inventories (Q: Jan. 2026 ) + Total Inventories (Q: Apr. 2026 )) / count )
=664.467 / ((41.87 + 49.632) / 2 )
=664.467 / 45.751
=14.52

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 14.52 mean?
Copart (CPRT) has a Inventory Turnover of 14.52 as of Apr. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Copart and its competitors.
Is Copart's Inventory Turnover too high?
Copart's current Inventory Turnover is 14.52. Overall, Copart has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Copart's Inventory Turnover compare to ULS and GPN?
Copart's Inventory Turnover of 14.52 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Business Services company?
A good Inventory Turnover depends on the Business Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Copart and its competitors. Copart's current Inventory Turnover is 14.52. 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 $28.21 — trading 50.3% below its estimated fair value. The current Inventory Turnover is 14.52. Copart's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Copart (CPRT), the current Inventory Turnover is 14.52 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 $28.21 is trading 50.3% below its estimated GF Value™ of $56.80. GuruFocus considers Copart to be Significantly Undervalued.

Key valuation signals for CPRT:

  • Inventory Turnover: 14.52
  • GF Value™: $56.80 vs. price of $28.21 (50.3% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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.

Copart Business Description

Address 14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254
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.
82GF Score

Get the complete analysis for CPRT

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$28.21
Price
$56.80
GF Value