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Copart Inc CPRT

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.


NDAQ:CPRT - Post by User

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Post by Possibleidiot01on Nov 14, 2023 7:42pm
43 Views
Post# 35735768

David Baskin - BNN - TOP PICK

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.



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