Added to YB: 2026-01-05
Pitch date: 2025-12-27
CPRT [bullish]
Copart, Inc.
-1.95%
current return
Author Info
No bio for this author
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
$37.9B
Pitch Price
$39.30
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.25
P/E
24.02
EV/Sales
7.04
Sector
Commercial Services and Supplies
Category
value
Copart: The Real Estate King of the Junkyard
CPRT: Global online vehicle salvage auction co in duopoly w/ IAA. 37.1% op margins (beats GOOGL/AAPL) due to owning 90%+ land vs competitors leasing. Adjusted margins ~29.6% after imputing $317M rent on $4.5B land FMV. FCF margins doubled to ~25% in 5yrs vs IAA's 15%. Land ownership creates inflation hedge & competitive moat.
Read full article (7 min)