We came across a bullish thesis on Copart, Inc. on Ridire Research’s Substack. In this article, we will summarize the bulls’ thesis on CPRT. Copart, Inc.'s share was trading at $46.19 as of August 8th. CPRT’s trailing and forward P/E were 30.59 and 26.11, respectively according to Yahoo Finance.
Copart (CPRT), a global leader in online salvage and resale vehicle auctions, is being initiated at a 2% model portfolio weight as a long-term holding rooted in its durable competitive moat and secular growth tailwinds. Founded in 1982, the Dallas-based company operates a patented online...
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