CopartCPRT +4.24%86 Net Current Asset Value is $4.69 as of Apr. 2026, which is 72% below its 10-year median of 16.70. GuruFocus rates CPRT with a GF Score™ of 86/100 and a GF Value™ of $56.91 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 624 Business Services companies, Copart ranks worse than 65.87% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Copart's net current asset value per share for the quarter that ended in Apr. 2026 was $4.69.
The historical rank and industry rank for Copart's Net Current Asset Value or its related term are showing as below:
CPRT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.09 Med: 16.7 Max: 250.82
Current: 6.4
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Copart was 250.82. The lowest was 6.09. And the median was 16.70.
CPRT's Price-to-Net-Current-Asset-Value is ranked worse than 65.87% of 624
companies
in the Business Services industry
Industry Median: 3.755
vs CPRT: 6.40
Copart (NAS:CPRT) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Copart Net Current Asset Value Related Terms
Copart Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Copart's Net Current Asset Value 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.
CPRT vs ULS, GPN, ARMK: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Copart's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Copart's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Copart's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of $4.69 mean?
Copart (CPRT) has a Net Current Asset Value of $4.69 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Copart and its competitors. This is 72% below median its historical median of 16.70. Over the past decade, Copart's Net Current Asset Value has ranged from 6.09 to 250.82. According to the industry distribution chart, Copart ranks #411 out of 624 companies in the Business Services industry, placing it in the top 65.9%.
Is Copart's Net Current Asset Value too high?
Copart's current Net Current Asset Value of $4.69 is 72% below median its 10-year median of 16.70. Over the past 10 years, this metric has ranged from a low of 6.09 to a high of 250.82. The Business Services industry median Net Current Asset Value is 3.76. Copart's value of $4.69 is 24.9% above this industry median. Based on the distribution chart, Copart ranks #411 out of 624 companies in the Business Services industry, which is below 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 Net Current Asset Value compare to ULS and GPN?
According to the Business Services industry distribution chart, Copart ranks #411 out of 624 companies for Net Current Asset Value. This places Copart in the lower half of its industry. The industry median Net Current Asset Value is 3.76. Copart's value of $4.69 is 24.9% above this benchmark. Historically, Copart's own Net Current Asset Value has ranged from 6.09 to 250.82 over the past decade. While the company's 10-year median is 16.70 vs. the industry median of 3.76, 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 Net Current Asset Value for a Business Services company?
The median Net Current Asset Value among Business Services companies is 3.76, based on 624 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Copart's current Net Current Asset Value of $4.69 is 24.9% 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Copart and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copart's current Net Current Asset Value is $4.69, which is 72% below median its own 10-year median of 16.70. 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 $56.91, compared to a current price of $30.01 — trading 47.3% below its estimated fair value. The current Net Current Asset Value is $4.69, which is 72% below median its 10-year median of 16.70 and 24.9% above the Business Services industry median of 3.76. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Copart (CPRT), the current Net Current Asset Value is $4.69 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 $30.01 is trading 47.3% below its estimated GF Value™ of $56.91.
GuruFocus considers Copart to be Significantly Undervalued.
Key valuation signals for CPRT:
Net Current Asset Value: $4.69 (72% below median its 10-year median of 16.70)
GF Value™: $56.91 vs. price of $30.01 (47.3% below fair value)
Industry Position: 24.9% above the Business Services median (#411 of 624)
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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