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

We came across a bullish thesis on Copart, Inc. (CPRT) on Durable Value Creators’ Substack by Durable Value Creators. In this article, we will summarize the bulls’ thesis on CPRT. CPRT Technologies, Inc. share was trading at $52.90 as of Oct 4^th. CPRT’s trailing and forward P/E were 37.79 and 31.85 respectively according to Yahoo Finance.

[caption id="attachment_1197814" align="aligncenter" width="768"] A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding.[/caption]

Copart mainly works with insurance companies, which make up...