Added to YB: 2026-04-28
Pitch date: 2026-04-26
CPRT [bullish]
Copart, Inc.
+0.55%
current return
Author Info
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
$31.9B
Pitch Price
$33.01
Price Target
47.52 (+44%)
Dividend
N/A
EV/EBITDA
13.57
P/E
20.80
EV/Sales
5.82
Sector
Commercial Services and Supplies
Category
value
Copart: Quality Compounder Trading at a Discount
CPRT: Quality salvage auction duopoly at 21x fwd P/E (30% below 10yr avg, cheaper than leveraged competitor IAA). 42% EBITDA, 32% ROIC, $5.1B cash, zero debt. Mgmt deployed $1.12B buyback at $37.60 after 3yr pause. Unit vols -10% on underinsurance cycle + Progressive shift to IAA (both likely temporary). 40yr structural tailwind: total-loss freq rising (24.2% in Q4'25, heading to 30%+) as sensor-dense cars cost more to repair. Base case $44-50 PT, +17.5% CAGR potential.
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