CPRT - Copart: Don't Rush To Acquire This Gem
2024-07-01 17:44:22 ET
Summary
- Favorable market trends: salvaged vehicles are growing due to increased vehicle complexity and technology.
- Copart is a solid business with high competitive advantages, making it the industry leader due to extensive global network and technology-driven platform.
- I estimate a value of $26.5 per share, compared to $54 per share at the current price with the highest price-to-operating cash flows in ten years.
Overview
Copart ( CPRT ) is an iconic business with solid fundamentals that have grown consistently over the years. It is a company I would invest in and be proud to own in my portfolio. The market is growing with positive trends, its business model is hard to beat, and its financial performance has been solid....
Copart: Don't Rush To Acquire This Gem