Copart
Global online vehicle auction platform
Technology Product Analyst Intern
About the job
- Must be a recent graduate or current student pursuing a master's degree in Data Analytics, Mathematics, Engineering, Statistics, or another related field.
- Must have problem-solving and analytical skills, along with strong written and verbal communication skills.
- Ability to set up, manage, and maintain analytics software such as Mixpanel, Flurry, Google Analytics, or similar software.
- Ability to query SQL databases with an understanding of relational databases and table structures.
- Experience with quantitative research methods and displaying results using Tableau or other reporting platforms.
- Ability to learn and use product management software such as JIRA or other applications.
- Must be able to manage and prioritize multiple tasks and projects.
- Recommend and establish appropriate key performance indicators, monitor and analyze key metrics, and execute recurring analyses and reporting.
- Work as part of the Product Management team to ask relevant questions, measure appropriate metrics, and interpret metrics to explain product usage and trends.
- Analyze and interpret feature usage to suggest enhancements and help prioritize and maintain urgency for new features.
- Help design tests for beta, pilot, and early-adopter programs to ensure successful adoption of new products or features.
- Translate user interactions into behavioral data insights and define and create reports and dashboards using data interpretations, segments, filters, and flows to communicate product or feature performance.
- Employ lean methodology to define business problems, form hypotheses, test and validate solutions, and continue the build-measure-learn cycle.
- Execute the discovery phase of the software development life cycle by identifying possible feature and functionality needs and researching business needs and value or return on investment.
- Maintain and update documentation on product design and implementation.
- Knowledge of Agile Scrum and lean methodologies.
- Prior experience as a business analyst or in another software development role.
About the company
Copart runs a global online vehicle auction platform connecting insurance-salvage sellers with buyers like dealers and rental fleets. It earns fees from both sides for each vehicle sold and provides logistics and facility support to move and process vehicles. Its proprietary auction system handles high volumes across many locations, enabling fast, repeated sales of salvage and used cars. The company differentiates itself via a large network of facilities and a deep pool of buyers, aiming to maximize sale price and speed for clients while expanding its global market share.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Dallas, Texas
Founded
1982
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Simplify's Take
What believers are saying
- Q4 2026 total loss frequency hit a record, supporting more salvage volume.
- International revenue rose 11.7% in Q4 2026, cushioning weak U.S. unit declines.
- Copart held about $5.7 billion liquidity, enabling buybacks and the $1.9 billion ACV deal.
What critics are saying
- Fiscal 2026 revenue grew only 0.4%, while Q4 net income fell 17.4%.
- ACV integration risks linger until 2028, when management expects accretion and synergies.
- Autonomous driving and better crash avoidance threaten Copart's core salvage supply over the next decade.
What makes Copart unique
- Copart runs 250-plus locations across 11 countries, selling over 4 million vehicles annually.
- Jay Adair returned as CEO on July 31, 2026, restoring founder-era operational discipline.
- The September 10, 2026 ACV acquisition extends Copart from salvage auctions into wholesale remarketing.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Employee Stock Purchase Plan
Employee Assistance Program
Paid Vacation
Paid Sick Leave
Paid Holidays
Life Insurance
Discounts
Company News
Combination creates a full-spectrum, digital vehicle remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition,…...
Alluvium Asset Management initiated a position in Copart during the second quarter of 2026, despite concerns about autonomous driving's long-term impact. The online vehicle auction platform appeared on the firm's quantitative screen showing compelling metrics: ten-year sales growth of 17.4%, profit growth of 19.1%, negligible debt, and returns on invested capital in the mid-30s. Copart operates in a duopoly, selling over 4 million vehicles annually, primarily for insurance companies disposing of total losses. Alluvium identified two key considerations for the business: declining accident rates from autonomous driving adoption versus rising total loss classifications due to increased vehicle technology and repair costs. The fund declined 1.4% in euro terms during the quarter. Copart's shares fell 15.1% in the period and lost 32.24% over the previous year.
Copart Inc reported Q4 2026 consolidated revenue of $1.2 billion, up 2.4% year-over-year, whilst full-year revenue reached $4.7 billion, up 0.4%. The company saw record total loss frequency and average selling prices, with Q4 global ASPs rising 3.5% and full-year ASPs up 5.5%. However, net income fell 17.4% to $327.4 million in Q4, with diluted earnings per share down 14.6% to $0.35. Full-year net income declined 4.4% to $1.48 billion. Global unit sales dropped 2.9% in Q4, driven by a 5.7% decline in the US market. Copart maintains strong liquidity of approximately $5.7 billion, comprising $4.5 billion in cash and securities plus $1.25 billion in revolving credit capacity. The company deployed $1.63 billion into share repurchases during the fiscal year. The firm expects its ACV acquisition to close by year-end and prove accretive to earnings in its first full year.
Copart profit falls 17% in Q4 despite revenue growth. Copart (NASDAQ: CPRT) reported fourth-quarter fiscal 2026 results on 10 September, posting revenue growth alongside a sharp fall in profit. Revenue for the three months to 31 July rose 2.4%, or $27.3m, to $1.2bn. Net income attributable to Copart dropped 17.4%, or $68.9m, to $327.4m. Copart fourth quarter results show margin squeeze. Gross profit fell 5.5%, or $28.3m, to $481.4m, even as the top line grew. Diluted earnings per share came in at $0.35, down from $0.41 a year earlier, a 14.6% decline, according to the filing. The prior-year quarter's net income stood at $396.4m, the base for the latest decline, according to a preview from Alphastreet. Operating income fell 10.6% to $368.9m in the quarter, and for the full year it slipped 2.6% to $1.7bn, according to an earnings call transcript. Full-year gross margin came in at 44.7%, the same transcript showed. Buybacks cut interest income. Copart repurchased $1.63bn of common stock during fiscal 2026, according to 24/7 Wall St, a programme that reduced the cash pile generating interest income and weighed on net income even as operating revenue grew. Annual operating cash flow fell 10.85% to $1.6bn for the year, the same outlet reported. Full-year revenue, gross profit and net income were $4.7bn, $2.1bn and $1.5bn respectively. Full-year revenue growth was just 0.4%, reflecting a tough comparison with fiscal 2025, when storm-driven volume from Hurricanes Helene and Milton lifted vehicle throughput, according to the transcript. Full-year adjusted EPS was $1.55, down from $1.59 in fiscal 2025, Investing.com reported. Copart's US operations generated $930.3m of the quarter's revenue, against $222.1m from its international segment, the same outlet said. A quarter-by-quarter look. The fourth-quarter net income figure sits below the three prior quarters of fiscal 2026. Copart's first quarter net income was $403.7m, the second quarter $350.7m, and the third quarter $402.4m, according to SEC filings. Added to the fourth-quarter figure, those results are consistent with the roughly $1.5bn full-year net income Copart disclosed. The pattern shows profitability oscillating through the year rather than falling in a straight line, with the July quarter marking the softest of the four. Shares reacted sharply to the release. Copart stock closed at $33.34, up 3.84% on the day, on volume nearly 2.8 times its 20-day average, according to consolidated exchange data. The stock had traded in a $30.77-$34.53 range over the prior 20 sessions before the print. Some of the after-hours strength followed a separate development: a reported all-cash acquisition of ACV Auctions, disclosed the same day, according to ChartMill, which noted the move came despite the earnings miss on a per-share basis. Short-side positioning had been building into the results. FINRA's short-volume ratio for Copart climbed to 0.593 on 4 September, before easing to 0.541 on the day of the release, according to FINRA data. The ratio had been as low as 0.33 at the start of the month, suggesting shifting sentiment as the earnings date approached. The results also landed against a steady but unremarkable macro backdrop. The 10-year US Treasury yield stood at 4.83% on 9 September, barely changed from 4.80% previously, according to FRED data. US unemployment held at 4.1% in August, unchanged from July, separate FRED figures showed, offering little in the way of an external explanation for the margin pressure Copart reported. Copart's finance team is expected to face questions on the ACV Auctions development and on the interest-income drag from buybacks when the company next reports, with investors watching whether the fourth-quarter margin compression proves temporary or persists into fiscal 2027. This article is for information only and is not investment advice or a recommendation to buy or sell any asset. Markets move quickly; figures are correct as sourced at the time of writing. Always do your own research before making financial decisions.
Copart has agreed to acquire ACV for $10.50 per share in cash, valuing the digital automotive marketplace at approximately $1.9 billion. The price represents a 45% premium to ACV's closing stock price on 10 August 2026. The acquisition will combine Copart's global vehicle auction platform with ACV's dealer-to-dealer wholesale marketplace, creating an end-to-end digital remarketing platform spanning trade-ins, wholesale, salvage, and international resale. Copart operates over 250 locations across 11 countries and sold more than 4 million units last year. The transaction is expected to generate cost and revenue synergies across dealer, commercial, and retail channels. Copart anticipates the deal will be earnings-neutral in the first year and accretive from fiscal 2028 onwards. Both boards have unanimously approved the transaction, which is expected to close by year-end 2026. ACV will operate as an independent subsidiary under its existing leadership team.