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Copart, Inc. (CPRT): A Bull Case Theory 

We came across a bullish thesis on Copart, Inc. on Expanse Stocks’s Substack by Nikotes. In this article, we will summarize the bulls’ thesis on CPRT. Copart, Inc.'s share was trading at $44.56 as of October 15th. CPRT’s trailing and forward P/E were 28.03 and 25.38 respectively according to Yahoo Finance.

[caption id="attachment_520381" align="aligncenter" width="750"] Copyright: wihtgod / 123RF Stock Photo[/caption]

Copart, Inc. delivered a quarter that clearly distinguished temporary headwinds from the strength of its competitive moat. While U.S. insurance unit volumes...