Professional
Added to YB: 2025-05-27
Pitch date: 2025-05-25
CPRT [neutral]
Copart, Inc.
-28.8%
current return
Author Info
Andvari Associates manages a concentrated investment strategy designed with the goal of outperforming the market. Sign up for the newsletter.
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
$37.7B
Pitch Price
$54.31
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.16
P/E
23.90
EV/Sales
7.00
Sector
Commercial Services and Supplies
Category
N/A
Copart's Cash Continues to Grow
CPRT (overview): Auto salvage leader with cash pile growing to $4.4B (zero debt) despite high capex for land. Q3 hit record revenue/profit but stock fell 10%. Cash provides strategic advantage with insurance carriers vs leveraged IAA, enables hurricane response capacity, and maintains M&A optionality. Management may need to consider special dividends like Costco/RLI.
Read full article (6 min)