Added to YB: 2024-07-30
Pitch date: 2024-07-28
CPRT [bullish]
Copart, Inc.
-24.37%
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
$51.13
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
Moat GOATs: Copart (CPRT)
CPRT: Leading salvage car marketplace w/ 2-sided network effect. 80% duopoly w/ IAA. High ROIC from pricing power & land ownership. Growth drivers: rising accidents/mile, aging fleet, higher repair costs. Moat: cornered resource (land), network effects, scale. Risks: autonomous driving, int'l expansion challenges. Long-term runway for reinvestment & compounding.
Read full article (7 min)