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.


Player Avatar TMFKopp (96.59) Submitted: 4/29/2009 2:38:14 PM : Outperform Start Price: $15.95 CPRT Score: -6.72

If a relatively obscure business model is what you're looking for, Copart might be right up your alley. The company is a vehicle re-marketer, meaning that it helps auto insurance companies -- among other sellers -- find buyers for totaled cars. The company has used a combined approach of developing new locations and acquiring existing facilities to fuel its growth. And grow it has -- earnings per share more than doubled between fiscal 2004 and 2008.

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