$46.42 -0.05 (-0.11%)
2/13/2012 4:00 PM

Copart, Inc. (NASDAQ:CPRT)

CAPS Rating: 4 out of 5

The Company provides vehicle suppliers, insurance companies, with a range of services to process and sell salvage vehicles over the Internet through the Company's Virtual Bidding Second Generation Internet auction-style sales technology.

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Player Avatar hey4ndr3w (96.08) Submitted: 10/9/2007 12:41:25 PM : Outperform Start Price: $35.77 CPRT Score: +38.80

Copart strikes me as a great stock to own during a down market, which I believe is where we are headed. I agree with those who foresee a prolonged consumer credit crisis as a result of the subprime mortgage meltdown. People feel less rich when their primary asset - their home - loses value. They will be postponing new car purchases, which bodes well both for direct sales of salvage cars to consumers, and to parts re-manufacturers.

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