$Copart (CPRT.US)$🎯 As of December 19, 2023, the current pr...

New data: 23Q4 and 24Q1, continued rapid growth.

In 2023, the annual revenue increased by 10.5%, operating profit increased by 8.1%, and net income increased by 13.5%. The average net income growth rate over the past 5 years was 24%.

In 2024Q1, revenue increased by 14.2%, operating profit increased significantly by 26.9% due to the improvement in gross margin, and net income increased by 35.3% due to the impact of interest income.

The debt-to-asset ratio remains at an ultra-low level of around 10%, with high interest income in the near term and long-term borrowings of only 0.011 billion.

In 2023, the operating net cash flow was lower than the net investment cash flow, but in 2024Q1, there was a high net inflow of investment, resulting in a significant shareholder surplus.

The current PE ratio is 38.1, and the trailing PE ratio has dropped to 35.6. The valuation is within a reasonable range, and there is currently no need for operation.