Jim Cramer on Copart: “I Want to Buy That Stock”

Copart, Inc. (NASDAQ:CPRT) was among Jim Cramer’s recent stock calls on Mad Money. Toward the end of the lightning round, when a caller asked about the stock, Cramer said:

Yeah, you know they took apart Copart. It’s an insurance company with vehicle supplies. I want to buy that stock. It’s too cheap. I think you got a good one with Copart. It’s, I think you’re buying it right at the bottom.

Stock market data. Photo by Photo by Alesia Kozik

Copart, Inc. (NASDAQ:CPRT) runs an online auction platform that uses proprietary technology to help sellers process and remarket salvage and used vehicles. ClearBridge Investments stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its fourth quarter 2025 investor letter:

Auto salvage and auction provider Copart, Inc. (NASDAQ:CPRT) fell as volumes at its key insurance customers declined slightly in the second half of the year due to the number of uninsured drivers increasing after several years of massive insurance premium inflation. We believe this is a temporary and self-correcting situation rather than a secular issue and, with Copart having over $5 billion of net cash and a very attractive valuation, we are continuing to hold shares.

While we acknowledge the risk and potential of CPRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CPRT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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