Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Copart (CPRT)

Price updated 07 Nov 2026 05:33; TTM through 31 Jul 2026; TTM financials updated 07 Nov 2026 08:13.

Starts from TTM through 31 Jul 2026 financials in USD and a share price of USD 31.95. Growth begins at 9.8% a year (the valuation's blended assumption) and fades to 2.7% by year 10. Margins held at EBITDA 44.4%, net 31.8%, free cash flow 27.2% of revenue. Bear and bull move starting growth by 5.3 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (13.3%); year 2 is halfway back to the model's own path.
USD 29.65Model fair value (Free-cash-flow DCF); range USD 23.18 to USD 41.16
-7%Fair value vs today's price
HighModel confidence
75%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF agrees; trailing-twelve-month data; profit and cash flow steady for 3 years.

6.2%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
USD 8.98BRevenue in year 10 (base)
USD 2.86BNet income in year 10 (base)
USD 2.44BFree cash flow in year 10 (base)
USD 58.16Implied share price in year 10 (base), today USD 31.95
8.0%Year-10 free cash flow per share vs today's price

Free cash flow over time

USD 0 USD 813.50M USD 1.63B USD 2.44B USD 3.25B FY2023 FY2024 FY2025 FY2026 TTM through 31 Jul 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 8.0% USD 1.81B 3.6%
Base 13.3% USD 2.44B 6.8%
Bull 18.6% USD 3.25B 9.9%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 31 Jul 2026– USD 4.67BUSD 2.07BUSD 1.48BUSD 1.27B 1.551.32n/an/a31.95
Year 113.3% USD 5.29BUSD 2.35BUSD 1.68BUSD 1.44B 1.761.50n/an/a35.80
Year 211.1% USD 5.88BUSD 2.61BUSD 1.87BUSD 1.60B 1.951.67n/an/a39.36
Year 38.2% USD 6.36BUSD 2.83BUSD 2.02BUSD 1.73B 2.111.80n/an/a42.12
Year 47.4% USD 6.83BUSD 3.04BUSD 2.17BUSD 1.85B 2.271.94n/an/a44.75
Year 56.6% USD 7.28BUSD 3.24BUSD 2.32BUSD 1.98B 2.422.07n/an/a47.18
Year 65.9% USD 7.71BUSD 3.43BUSD 2.45BUSD 2.09B 2.562.19n/an/a49.94
Year 75.1% USD 8.10BUSD 3.60BUSD 2.58BUSD 2.20B 2.692.30n/an/a52.47
Year 84.3% USD 8.45BUSD 3.75BUSD 2.69BUSD 2.29B 2.812.40n/an/a54.72
Year 93.5% USD 8.74BUSD 3.89BUSD 2.78BUSD 2.37B 2.912.48n/an/a56.63
Year 102.7% USD 8.98BUSD 3.99BUSD 2.86BUSD 2.44B 2.982.55n/an/a58.16

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.