Copart Inc (CPRT)

Gross profit margin

		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	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Gross profit (ttm)	US$ in thousands	1,551,476	1,721,335	1,685,714	1,653,363	1,541,868	1,428,211	1,359,122	1,321,562	1,329,742	1,325,635	1,280,125	1,190,590	1,110,604	1,076,259	994,574	999,358	1,007,802	999,990	1,008,956	957,293
Revenue (ttm)	US$ in thousands	4,255,687	4,318,170	4,194,000	4,111,004	3,955,141	3,787,204	3,682,543	3,573,966	3,480,629	3,362,071	3,155,086	2,904,141	2,688,209	2,466,243	2,284,539	2,243,897	2,205,583	2,222,499	2,225,255	2,135,013
Gross profit margin		36.46%	39.86%	40.19%	40.22%	38.98%	37.71%	36.91%	36.98%	38.20%	39.43%	40.57%	41.00%	41.31%	43.64%	43.53%	44.54%	45.69%	44.99%	45.34%	44.84%

July 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,551,476K ÷ $4,255,687K
= 36.46%

Based on the data provided, Copart Inc's gross profit margin has shown fluctuations over the past several periods. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of Copart's pricing strategy and cost management.

The trend analysis of Copart's gross profit margin reveals a general decline from a peak of 45.69% in October 2020 to 36.46% in July 2024. This decreasing trend suggests potential challenges in maintaining profitability or controlling the cost of goods sold during the period.

Although there are fluctuations in the gross profit margin over time, with some periods showing slight improvements, it is essential to closely monitor Copart's ability to maintain a healthy margin to ensure sustainable profitability. Further analysis on the company's cost structure and pricing strategy would be beneficial to understand the factors driving the fluctuations in the gross profit margin.