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Is Copart, Inc. (CPRT) A Good Stock To Buy Now?

Is CPRT a good stock to buy? We came across a bullish thesis on Copart, Inc. on Inelastic Models’s Substack. In this article, we will summarize the bulls’ thesis on CPRT. Copart, Inc.'s share was trading at $28.10 as of June 29th. CPRT’s trailing and forward P/E were 17.46 and 16.67 respectively according to Yahoo Finance.

[caption id="attachment_521646" align="aligncenter" width="750"] Copyright: urfingus / 123RF Stock Photo[/caption]

Copart, Inc. is the dominant player in the U.S. salvage vehicle auction market, operating alongside only one meaningful competitor and...