Copart Inc (CPRT)
Gross profit margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,099,643 | 2,052,487 | 2,020,793 | 1,955,338 | 1,907,252 | 1,902,268 | 1,865,125 | 1,831,527 | 1,736,991 | 1,660,985 | 1,613,832 | 1,590,674 | 1,606,221 | 1,582,132 | 1,527,196 | 1,431,352 | 1,343,091 | 1,236,039 | 1,097,311 | 1,049,702 |
| Revenue (ttm) | US$ in thousands | 4,646,970 | 4,590,870 | 4,506,410 | 4,363,240 | 4,236,830 | 4,165,421 | 4,059,991 | 3,996,565 | 3,869,517 | 3,755,314 | 3,673,425 | 3,584,161 | 3,500,921 | 3,366,163 | 3,160,132 | 2,909,703 | 2,692,511 | 2,469,540 | 2,285,990 | 2,244,099 |
| Gross profit margin | 45.18% | 44.71% | 44.84% | 44.81% | 45.02% | 45.67% | 45.94% | 45.83% | 44.89% | 44.23% | 43.93% | 44.38% | 45.88% | 47.00% | 48.33% | 49.19% | 49.88% | 50.05% | 48.00% | 46.78% |
July 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,099,643K ÷ $4,646,970K
= 45.18%
The gross profit margin of Copart Inc. demonstrates a generally stable profitability measure over the analyzed period, with fluctuations indicating minor shifts in cost management and revenue generation efficiency.
From October 31, 2020, through April 30, 2021, the gross profit margin increased from 46.78% to a peak of 50.05%, reflecting improved gross profitability during that interval. Following this peak, the margin experienced a slight decline, oscillating around the mid-to-high 40s, with a recorded margin of 44.38% on October 31, 2022, and further narrowing to approximately 43.93% by January 31, 2023.
Throughout 2023 and into 2024, the gross profit margin showed signs of stabilization, maintaining levels just under 45%, with a minor upward trend reaching 45.83% on October 31, 2023. This indicates a period of relative consistency in gross profitability, with margins remaining within a narrow band of approximately 44% to 46%.
The data for the period extending into 2025 reveals a slight downward adjustment, with margins hovering around 44.7% to 45.2%. Specifically, on July 31, 2025, the margin slightly increased to 45.18%, suggesting marginal improvements in gross profit efficiency, although remaining within the established range.
Overall, the gross profit margin of Copart Inc. has shown resilience, with minor fluctuations characteristic of stable operational performance. The trend suggests efforts to sustain gross profitability amid market challenges, maintaining margins around the mid-40s percentage point range. This stability indicates that the company's core operating efficiencies and cost controls have effectively managed gross profitability over the analyzed timeframe.