CPRT (Copart Inc) vs S&P 500 Comparison

CPRT

S&P 500

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CPRT

S&P 500

Difference

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CPRT

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

CPRT

CTAS

BXB

RBA

IRCTC

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Copart Inc
Glance View

Economic Moat

Narrow

Market Cap

54.7B USD

Industry

Commercial Services & Supplies

In the world of auto auctions, Copart Inc. stands as a silent yet dynamic player transforming how vehicles find their second lives. Founded in 1982 by Willis Johnson, Copart has steadily evolved, becoming a titan in the field of online vehicle auctions. The company specializes in connecting buyers and sellers of used, wholesale, and salvage cars through its virtual marketplace. Aimed primarily at insurance companies, who find themselves laden with vehicles deemed uneconomical to repair, Copart plays a pivotal role. It facilitates the sale of these vehicles to a diverse pool of buyers, ranging from dismantlers and recyclers to individual enthusiasts and dealers. This robust platform, underlined by a sophisticated inventory technology and an intuitive bidding process, has enabled Copart to channel the intricacies of the salvage car market into a seamless online experience, underscoring its importance in the automotive ecosystem. Copart's monetization strategy is impressively multifaceted and resilient. The company's revenue streams primarily from transaction fees charged to both buyers and sellers—each side paying for the ability to connect with the other on this vast platform. Moreover, Copart enhances its revenue generation through ancillary services such as vehicle transportation, storage, and financing options to its clientele. Its global network of auction locations ensures efficient logistics and helps cultivate a sense of urgency and competition among buyers. By leveraging its scale and technological innovation, Copart has not only streamlined an otherwise cumbersome aspect of the automotive industry but has also positioned itself strategically across the globe, ensuring that its operational efficiencies translate into tangible financial returns. This dual focus on cutting-edge digital infrastructure and strategic expansion allows Copart to maintain its influence and continue thriving in an increasingly competitive marketplace.

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CPRT Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

US		Cintas Corp NASDAQ:CTAS	Add
AU		Brambles Ltd ASX:BXB	Add
CA		Ritchie Bros Auctioneers Inc TSX:RBA	Add
US		Aurora Innovation Inc NASDAQ:AUR	Add
IN		Indian Railway Catering and Tourism Corporation Ltd NSE:IRCTC	Add
US	I	IAA Inc F:3NI	Add
FR		Spie SA PAR:SPIE	Add
UK		HomeServe PLC LSE:HSV	Add
FR		Elis SA PAR:ELIS	Add

US		Cintas Corp NASDAQ:CTAS	Select
AU		Brambles Ltd ASX:BXB	Select
CA		Ritchie Bros Auctioneers Inc TSX:RBA	Select
US		Aurora Innovation Inc NASDAQ:AUR	Select
IN		Indian Railway Catering and Tourism Corporation Ltd NSE:IRCTC	Select
US	I	IAA Inc F:3NI	Select
FR		Spie SA PAR:SPIE	Select
UK		HomeServe PLC LSE:HSV	Select
FR		Elis SA PAR:ELIS	Select

US		Cintas Corp NASDAQ:CTAS	Add
AU		Brambles Ltd ASX:BXB	Add
CA		Ritchie Bros Auctioneers Inc TSX:RBA	Add
US		Aurora Innovation Inc NASDAQ:AUR	Add
IN		Indian Railway Catering and Tourism Corporation Ltd NSE:IRCTC	Add
US	I	IAA Inc F:3NI	Add
FR		Spie SA PAR:SPIE	Add
UK		HomeServe PLC LSE:HSV	Add
FR		Elis SA PAR:ELIS	Add

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CPRT

vs

S&P 500

Stocks Performance
CPRT vs S&P 500

Performance Gap
CPRT vs S&P 500

Performance By Year
CPRT vs S&P 500

Competitors Performance
Copart Inc vs Peers

Copart Inc
Glance View

Company

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CPRT vs S&P 500

Stocks Performance CPRT vs S&P 500

Performance Gap CPRT vs S&P 500

Performance By Year CPRT vs S&P 500

Competitors Performance Copart Inc vs Peers

Copart Inc Glance View

Company

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Stocks

CPRT

vs

S&P 500

Stocks Performance
CPRT vs S&P 500

Performance Gap
CPRT vs S&P 500

Performance By Year
CPRT vs S&P 500

Competitors Performance
Copart Inc vs Peers

Copart Inc
Glance View