Copart (BSP:C1PR34) Gross Margin % : 45.50% (As of Jan. 2024)

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What is Copart Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Copart's Gross Profit for the three months ended in Jan. 2024 was R$2,283 Mil. Copart's Revenue for the three months ended in Jan. 2024 was R$5,017 Mil. Therefore, Copart's Gross Margin % for the quarter that ended in Jan. 2024 was 45.50%.

The historical rank and industry rank for Copart's Gross Margin % or its related term are showing as below:

BSP:C1PR34' s Gross Margin % Range Over the Past 10 Years
Min: 40.27 Med: 43.82 Max: 49.88
Current: 46.04

During the past 13 years, the highest Gross Margin % of Copart was 49.88%. The lowest was 40.27%. And the median was 43.82%.

BSP:C1PR34's Gross Margin % is ranked better than
65.45% of 990 companies
in the Business Services industry
Industry Median: 34.32 vs BSP:C1PR34: 46.04

Copart had a gross margin of 45.50% for the quarter that ended in Jan. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Copart was 1.50% per year.

Copart Gross Margin % Historical Data

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.

* Premium members only.

Copart Gross Margin % Chart

Copart Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Gross Margin %

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43.99

45.69

49.88

45.88

44.89

Copart Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															44.58	47.31	45.87	45.47	45.50

Competitive Comparison of Copart's Gross Margin %

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's Gross Margin % Distribution in the 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.

Copart Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Copart's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as

Gross Margin % (A: Jul. 2023 )	=	Gross Profit (A: Jul. 2023 )	/	Revenue (A: Jul. 2023 )
	=	8338.4	/	18575.621
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(18575.621 - 10237.196)	/	18575.621
	=	44.89 %

Copart's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2282.8	/	5017.297
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5017.297 - 2734.505)	/	5017.297
	=	45.50 %

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 (BSP:C1PR34) 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 45.50% for the quarter that ended in Jan. 2024 => 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

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Copart (BSP:C1PR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Copart Inc (BSP:C1PR34) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CPRT:USA CPRT:Mexico CO6:Germany

Address

14185 Dallas Parkway, Suite 300, Dallas, TX, USA, 75254

Website

https://www.copart.com

Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 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.

Copart (BSP:C1PR34) Headlines

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