CPRT - From Scrap To Riches - Copart Is An Amazing American Growth Story
2024-06-05 09:40:07 ET
Summary
- Copart shares have increased by 24% since my prior article was published, with a 10-year return of 1,090%.
- Copart is a successful American company founded by Willis Johnson, with a market cap of over $50 billion.
- The company operates in 11 countries and is a leading provider of online auctions and vehicle remarketing services. These operations come with strong tailwinds.
- However, as elevated as growth expectations may be, investors have priced in a lot of growth in recent years.
Introduction
On October 3, I wrote an article titled "Copart: A Top-Tier Compounder I'm Buying On Weakness."
Well, that didn't work out as I expected.
Since then, Copart ( CPRT ) shares are up 24%, bringing the 10-year return to a staggering 1,090% - more than 4x the return of the S&P 500!...
From Scrap To Riches - Copart Is An Amazing American Growth Story