CPRT

Copart Inc

Consumer, Industrial/Transportation


Presented:12/06/2017
Price:$43.39
Cap:$10.36B
Current Price:$54.85
Cap:$52.84B

Presented

Date12/06/2017
Price$43.39
Market Cap$10.36B
Ent Value$9.03B
P/E Ratio33.9x
Book Value$5.14
Div Yield0%
Shares O/S238.79M
Ave Daily Vol1,227,112
Short Int3.64%

Current

Price$54.85
Market Cap$52.84B
Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. It sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.

Publicly traded companies mentioned herein: Copart Inc (CPRT), KAR Auction Services Inc (KAR)

Highlights

The presenter is long shares of Copart (CPRT), seeing favorable industry dynamics in the auto salvage business, in which CPRT operates in a duopoly with KAR Auction Services’ IAA segment. The presenter sees 60% upside in 2 years’ time, using a 21x multiple on $3.30 in fiscal 2020 EPS.

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Idea Discussion

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