Copart's Operating Income for the
three
months ended in Apr. 2026 was $464 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was $1,696 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Copart's Operating Income for the
three
months ended in Apr. 2026 was $464 Mil. Copart's Revenue for the
three
months ended in Apr. 2026 was $1,237 Mil. Therefore, Copart's Operating Margin % for the quarter that ended in Apr. 2026 was 37.53%.
Warning Sign:
Copart Inc operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Copart's annualizedROC % for the quarter that ended in Apr. 2026 was 30.48%.
Copart's annualizedROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 44.15%.
Copart (NAS:CPRT) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Copart's annualizedROC % for the quarter that ended in Apr. 2026 is calculated as:
* 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.
4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.
Be Aware
Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Copart Operating Income Related Terms
Copart Operating Income Historical Data
* Premium members only.
The historical data trend for Copart's Operating Income 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.
Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.
Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,696 Mil.
* 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 (CPRT) has a Operating Income of $1,696 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Copart and its competitors.
Is Copart's Operating Income too high?
Copart's current Operating Income is $1,696 Mil. 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 Operating Income compare to ULS and GPN?
Copart's Operating Income of $1,696 Mil 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 Operating Income for a Business Services company?
A good Operating Income depends on the Business Services industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Copart and its competitors. Copart's current Operating Income is $1,696 Mil. 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 $57.02, compared to a current price of $28.33 — trading 50.3% below its estimated fair value. The current Operating Income is $1,696 Mil. 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Copart (CPRT), the current Operating Income is $1,696 Mil 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 $28.33 is trading 50.3% below its estimated GF Value™ of $57.02.
GuruFocus considers Copart to be Significantly Undervalued.
Key valuation signals for CPRT:
Operating Income: $1,696 Mil
GF Value™: $57.02 vs. price of $28.33 (50.3% below fair value)
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.
82GF Score
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