We are initiating coverage on salvage vehicle auctioneer Copart CPRT with a wide moat and a $77 fair value estimate. We see the firm as a phenomenal business with only one large competitor in IAA, ...
Copart, Inc. stands out as the superior long-term investment over RB Global, Inc. in the online vehicle salvage auction sector. CPRT boasts higher margins, stronger ROIC, a pristine balance sheet, and ...
Copart is insulated from the short-term negative headlines in the automotive sector with long-term tailwinds in the insurance salvage business. Domestic dominance will be translated internationally as ...