Copart Inc (CPRT) is fairly valued and UL Solutions Inc (ULS) is overvalued.
Against our estimates of intrinsic value, CPRT trades at the wider discount: a margin of safety of +4%, against -56% for ULS.
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 8.6% (average of 3 methods) values the shares at $42.69; the price of $66.65 is 56% above that value, and 77% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | CPRT | ULS |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $28.80 | $66.65 |
| Intrinsic value | $29.89 | $42.69 |
| Margin of safety | +4% | -56% |
| Leak Score | 55/100 (9/12) | 59/100 (3/12) |
| Market cap | $26.7B | $13.5B |
| Revenue growth, 5 years | 11.6% | 5.8% |
| Operating margin | 35.4% | 19.0% |
| Net margin | 31.8% | 16.0% |
| Return on equity | 16.2% | 37.5% |
| Debt to equity | 0.01 | 0.30 |
| P/E | 18.6x | 26.9x |
| Forward P/E | 16.3x | 25.7x |
| P/B | 3.0x | 8.4x |
| Dividend yield | — | 0.9% |