Added to YB: 2026-07-03
Pitch date: 2026-06-30
CPRT [bullish]
Copart, Inc.
+4.46%
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
$26.1B
Pitch Price
$28.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.02
P/E
17.51
EV/Sales
4.74
Sector
Commercial Services and Supplies
Category
turnaround
Trust the process - Copart, Inc.
CPRT (new position): Wide-moat salvage auto auction duopoly, down 50%+ over 3yrs on softening insurance total-loss volumes & uninsured drivers. P/E derated 40x to sub-20x. High-30s op margins, high-20s FCF margins, asset-light, owns 90%+ land, $4.2B cash, heavy buybacks. Founder-era CEO Adair returns—positive but signals multi-year turnaround. AV threat mostly narrative. Long-term compounder bought on pullback.
Read full article (12 min)