Copart, Inc. CPRT

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
81/100
Strong

About Copart, Inc.

Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain. It offers a range of services to process and sell vehicles over the internet through its virtual bidding third generation internet auction-style sales technology. The company's services include … Full CPRT analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.82), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 89.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
81

Where CPRT ranks in Specialty Business Services

Copart, Inc. ranks #1 of 41 scored companies in Specialty Business Services by moat score — the top 2%. That makes it the widest moat in the group.

Moat scores for companies ranked near CPRT in Specialty Business Services
# Company Moat score Rating
1 Copart, Inc. CPRT 81/100 Strong
2 Cintas Corporation CTAS 81/100 Strong
3 Dolby Laboratories DLB 75/100 Strong
4 RELX PLC PLC RELX 75/100 Moderate
5 Thomson Reuters Corp TRI 73/100 Moderate
6 UL Solutions Inc. ULS 72/100 Moderate
7 AZZ Inc. AZZ 71/100 Moderate
8 Cass Information Systems, Inc CASS 68/100 Moderate
9 Maximus, Inc. MMS 67/100 Moderate

See every General Corporate company ranked by moat score →

How CPRT scores on the Corporate Default defenses

Pricing Power

Score 81 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 90 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 77 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 82 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 87 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 67 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CPRT's moat

What is Copart, Inc.'s moat score?

Copart, Inc. (CPRT) scores 81 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #1 of 41 scored companies in Specialty Business Services, the top 2%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 40 companies in Specialty Business Services. Its strongest defense is Cost Advantage (90/100) and its weakest is Scale & Market Position (67/100).

How does Copart, Inc. compare with other Specialty Business Services companies?

Copart, Inc. ranks #1 of 41 scored companies in Specialty Business Services by moat score. That is the widest moat in Specialty Business Services. The companies ranked closest are Cintas Corporation (CTAS) at 81 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 40 companies in Specialty Business Services. The defenses are then weighted to produce the overall score out of 100.

Why is Copart, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Copart, Inc.?

The Corporate Default template measures 6 defenses, and CPRT scores: Pricing Power (81), Cost Advantage (90), Customer Stickiness (77), Capital Efficiency (82), Resilience (87), Scale & Market Position (67). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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