Added to YB: 2024-10-29
Pitch date: 2024-10-25
CPRT [neutral]
Copart, Inc.
-25.88%
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
$52.17
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
growth
Copart: Where Technology Meets Salvage
CPRT (overvalued): Leading online salvage vehicle auction platform. 40% market share, 84% service revenue. 14% 10yr rev CAGR, 22% net income CAGR. 30% ROIC, strong balance sheet. Risks: autonomous vehicles. Trades at 37x P/E, 2% FCF yield. DCF implies undervaluation at $21 vs $50+ price.
Read full article (9 min)