Copart (CPRT) Protective Put Calculator
Calculator · free · no signup · CPRTPrice a protective put, zero-cost collar, or put spread on Copart. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CPRT option chain.
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About Copart
Copart (CPRT) is a public Marketplace company, incorporated in Delaware and headquartered in Dallas, TX.
Last close: $27.22 per share (as of 2026-10-03).
Equity grants at Copart typically include restricted stock units (RSUs).
Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.
Source: Wikipedia (CC BY-SA 4.0)
Willis Johnson started with a single salvage yard in California in 1982, and the company now runs the online auction where insurers dispose of vehicles they have declared total losses. Buyers bid from anywhere, which widened the bidder pool far beyond a local yard and raised recovery values enough that insurers consolidated onto the platform. Land ownership is deliberate: storage capacity near population centers is scarce and functions as a barrier. Higher vehicle repair costs push more damaged cars into total-loss status. Headquarters are in Dallas.
Sources: sec.gov · en.wikipedia.org
Equity comp at Copart
- Copart's equity incentive plan does not use a classic double-trigger structure, where acceleration requires both a change in control and a subsequent qualifying termination. Instead, unvested RSUs and options only accelerate if the acquirer does not assume or substitute the awards in the deal, and even then acceleration is at the discretion of the compensation committee as plan administrator, not automatic. Named executive officers' employment agreements historically have not provided for separate severance or equity acceleration tied to a change in control.
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Sources: sec.gov
Researched 2026-08-21.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Copart.
A protective put caps your downside on the CPRT position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CPRT option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CPRT position at $27.22 is worth $136,100. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $2,722 to $5,444) before any premium offset from a short call. The calculator prices both structures off CPRT's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Copart tools → · Use the generic Protect Your Stock Calculator for any company.
Copart equity questions
- How much does it cost to hedge CPRT stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CPRT's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CPRT option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Copart grant ISOs, NSOs, or RSUs?
- Equity compensation at Copart typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Copart RSUs use double-trigger vesting?
- No. Copart restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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