Bullboard - Stock Discussion Forum Copart Inc CPRT

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Copart, Inc. is a provider of online auctions and vehicle remarketing services. The Company offers services to process and sell vehicles to dealers, dismantlers, rebuilders, exporters and to the general public. It sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, vehicle rental companies, and individuals. It has approximately 250,000... see more

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NDAQ:CPRT - Post Discussion

Copart Inc > David Baskin - BNN - TOP PICK

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Post by Possibleidiot01 on Nov 14, 2023 7:42pm

David Baskin - BNN - TOP PICK

TOP PICK

More car accidents are being written off as total losses. CRT enjoys a duopoly. A growing market as cars grow more complex with EVs and sensors. Great for them. Trades at a reasonable PE.

(Analysts’ price target is $48.71)

Automotive

$49.650

Owned

Copart (CPRT NASD)

Copart is the leading provider of salvage auctions in the world. Copart benefits from several secular trends including an aging vehicle fleet and rising vehicle complexity and repair costs, all of which increase the total loss rate and more volumes for Copart. Copart is a well-run company that has been steadily gaining market share over its main competitor and has over $2 billion in net cash on its balance sheet. We think Copart is a compounder whose shares should continue to do well over time.