Copart Inc CPRT

Industrials

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 vehicles available online every day with operations at over 200 locations in 11 countries, including the United States, Canada, the United Kingdom, Brazil, the Republic of Ireland, Germany, Finland, the United Arab Emirates, Oman, Bahrain and Spain. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through its Virtual Bidding Third Generation internet auction-style sales technology, VB3. Vehicle sellers consist primarily of insurance companies, but also include banks, finance companies, charities, fleet operators and others.

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Copart Inc

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Post by Possibleidiot01on Jan 04, 2023 3:10pm

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Post# 35203406

Barry Schwartz - BNN - Past Top Pick

PAST TOP PICK

(A Top Pick Jan 04/22, Down 15%) Takes a fee every time a car is totalled and sold on its site. Capital light, global. Used car prices are now coming down. Insurance companies are going to start increasing volume through its junkyards. He expects a record 2023. One of the best performers, should continue.

Automotive

$61.950