Added to YB: 2026-07-17
Pitch date: 2026-07-16
CPRT [bullish]
Copart, Inc.
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
$25.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.71
P/E
17.09
EV/Sales
4.61
Sector
Commercial Services and Supplies
Category
value
Copart ($CPRT): Revisiting the Investment Thesis
CPRT (added to position): Leading online salvage/total-loss vehicle marketplace down 57% from 2025 highs. Insurance volume weakness cyclical (premium inflation cutting coverage), not structural. Total loss freq 23.6%, ASP record +4.6% YoY, whole-car upmarket shift, network effects, 37% op margin, ~30% ROIC. Jay Adair returns as CEO for 10+ yrs. At 19x P/FCF ($1.34B TTM FCF), needs <5% FCF growth to justify. Adding below $30.
Read full article (8 min)