Jim Cramer Calls Market Decline ‘Man-Made’ and Breaks Down 15 Stocks

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2. Copart Inc. (NASDAQ:CPRT)

Number of Hedge Fund Holders: 53

A caller shared that a friend had introduced him to Copart Inc. (NASDAQ:CPRT) during the COVID-19 dip, and it had since been a strong performer. Cramer enthusiastically agreed and praised the company’s business model, saying:

“Oh my god I love that! Salvage vehicles. No, I’m not kidding, this is a very solid company, but look, it’s got a Carvana aspect to it, I like that too.”

Copart Inc. (NASDAQ:CPRT) operates an online platform for auctioning and remarketing vehicles, primarily those damaged in accidents or declared total losses by insurance companies. The company has a dominant position in the salvage vehicle market, benefiting from a capital-light model and strong pricing power.

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