Copart, Inc. (CPRT)
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.
Recs
PropagandaChewer
(51.26)
Submitted: 2/22/2009 10:51:07 AM :
Start Price:
$27.39
CPRT Score:
+23.61
Increased new car sales...
Recs
dex10picks
(28.52)
Submitted: 1/1/2009 9:39:30 PM :
Start Price:
$27.14
CPRT Score:
+3.10
scrap steel recession looms
Recs
dexion10
(28.19)
Submitted: 12/30/2008 2:29:50 PM :
Start Price:
$26.03
CPRT Score:
+1.01
scrap steel recession looms
Recs
ennuihead
(94.66)
Submitted: 12/21/2008 9:36:53 AM :
Start Price:
$27.00
CPRT Score:
+5.09
I don't hate this stock. But I don't believe the hype about this eBay for car salvage. It sounds so ten years ago ("Hey, we got a web site -- we're a dot com too!"). And wow their web site is cheesy -- it *looks* like 1998.
The company makes money and delivers a solid return. Return on invested capital is fabulous. But what prevented me from pulling the trigger on this stock is I can't get my head around what their advantage is. What prevents their customers from dealing directly with insurance companies. As I learned in their annual report, there are trade organizations that do exactly that.
Their key advantage? From what I can tell, it's their eBay like auction. Why couldn't other companies do that just as easily? Why not eBay itself?
Also, I don't quite buy the valuation.
Recs
palospat
(< 20)
Submitted: 12/3/2008 3:27:13 PM :
Start Price:
$23.25
CPRT Score:
-10.52
Cars aren't selling. People are hanging on to what they have. With the scrap market in the stratosphere over the last several years, many of their customers were buying to scrap out. That market has collapsed. Can't see their near term future being bright.
Recs
Dsierra
(27.96)
Submitted: 6/11/2008 9:49:31 AM :
Start Price:
$46.69
CPRT Score:
+14.05
People is using more public transportation.
Recs
bluedome
(66.47)
Submitted: 4/23/2008 6:01:24 PM :
Start Price:
$40.55
CPRT Score:
+2.47
Hate to bet against a Fool pick, 5 star but it's too pricy now (up
40% in last few months). P/e is 25, revenue growth is low and slowing (12% 3 years ago, now 6%). Earnings growth can't be
far behind.
Could be there's something I don't know.
But if we're not buying growth, what are we buying?
Recs
j3calvinator
(< 20)
Submitted: 8/18/2007 4:11:40 PM :
Start Price:
$30.48
CPRT Score:
-27.91
Analysts predicted $.41/share from a gross of $154M. Copart managed to squeeze all 41 cents out of only $145M; that's a good thing. Revenue down; net up is OK near-term. But they have a new patent lawsuit in front of them that could go either way. Looks sketchy (to me) in the mid-term. I'd like to hear a discussion on it... thanks.
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