Professional
Added to YB: 2024-04-19
Pitch date: 2024-04-13
CPRT [bullish]
Copart, Inc.
-31.06%
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
$37.7B
Pitch Price
$56.09
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
Wedgewood Partners Portfolio Holding: Copart, Inc.
CPRT: Q1 gross margin $ +9%, EPS +11% as salvage auctions processed more volume driven by skyrocketing US vehicle repair costs & strong EM demand. Pandemic vehicle total-loss frequency pullback reversed. Expect multiyear run as repair costs rise with vehicle complexity. CPRT excels at maximizing recoveries for insurers via growing buyer base in developing markets.
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