Added to YB: 2025-09-11
Pitch date: 2025-09-09
CPRT [neutral]
Copart, Inc.
-19.27%
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
$37.7B
Pitch Price
$47.90
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
value
A contrarian take?
CPRT (earnings update): Q4 saw continued insurance volume softening (-2.1% US) amid market share losses to IAA, but strong margin expansion (intl margins up 1050bps to 34.9%) & cash generation (+$1.4B to $4.8B cash). ASPs up 5.7% vs competitors' 1%. Management views assignment declines as leading indicator of future sales weakness. Not particularly cheap at current levels - needs 14-15% FCF CAGR over 10yrs for 10% returns.
Read full article (8 min)