Added to YB: 2026-02-24
Pitch date: 2026-02-21
CPRT [neutral]
Copart, Inc.
-2.91%
current return
Author Info
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Company Info
Copart, Inc. provides online auctions and vehicle remarketing services in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.
Market Cap
$35.3B
Pitch Price
$36.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.32
P/E
22.94
EV/Sales
6.57
Sector
Commercial Services and Supplies
Category
value
Copart: Thesis Remains Fully Intact
CPRT (update): Q2 weak w/ insurance units -9% YoY, rev -3.6%, EPS -9.2%. Cyclical not structural: total loss frequency rose to 24.2% (mgmt sees 25-30%), avg selling prices +6-9% YoY driving record fee rev. Consignment model benefits from rising prices. Mgmt bought back $500M shares (rare move). FCF $1.4B, 21x EV/FCF. Buy <$40, strong buy low $30s.
Read full article (4 min)