Copart Inc (CPRT) is fairly valued and Cintas Corp (CTAS) is overvalued.
Against our estimates of intrinsic value, CPRT trades at the wider discount: a margin of safety of +4%, against -112% for CTAS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $29.89; the price of $28.80 is 4% below that value, and 73% of that value comes from beyond year five.
Leak Score 55/100 on 9 of 12 signals
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $93.81; the price of $198.80 is 112% above that value, and 74% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
| Metric | CPRT | CTAS |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $28.80 | $198.80 |
| Intrinsic value | $29.89 | $93.81 |
| Margin of safety | +4% | -112% |
| Leak Score | 55/100 (9/12) | 67/100 (10/12) |
| Market cap | $26.7B | $79.7B |
| Revenue growth, 5 years | 11.6% | 9.6% |
| Operating margin | 35.4% | 23.3% |
| Net margin | 31.8% | 17.7% |
| Return on equity | 16.2% | 40.6% |
| Debt to equity | 0.01 | 0.53 |
| P/E | 18.6x | 40.5x |
| Forward P/E | 16.3x | 32.4x |
| P/B | 3.0x | 15.5x |
| Dividend yield | — | 0.9% |