Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $3,455 | $4,562 | $5,309 | $6,738 | $8,428 |
| Liabilities | $966 | $1,033 | $683 | $750 | $879 |
| Equity | $2,490 | $3,529 | $4,626 | $5,987 | $7,524 |
Balance sheet data in USD (millions)
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Edwyn
Over the last five years, Copart, Inc. has shown a consistent growth trajectory in its financial position. Total assets have steadily increased from $3.45 billion in 2020 to $8.43 billion in 2024, reflecting a strong expansion in the company's operations and investments. This growth in assets outpaced the increase in total liabilities, which also rose but at a slower pace, from $0.97 billion in 2020 to $0.88 billion in 2024. As a result, stockholders' equity experienced significant growth, reaching $7.52 billion in 2024, indicating a healthy financial position for the company. The notable decrease in liabilities as a percentage of total assets from 2020 to 2024 is a positive indicator of Copart's improved leverage and financial stability. The increase in equity suggests that the company has been able to generate strong returns for its shareholders and effectively manage its capital structure. In the context of the industry, Copart's consistent growth and strengthened balance sheet position them well to capitalize on opportunities in the market and weather potential economic challenges. Overall, the financial trends demonstrate Copart's strategic focus on sustainable growth and value creation for its stakeholders.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.