CopartCPRT
Market Cap: 49.1B
About: Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.
Employees: 10,200
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $186M | Put options by funds: $118M
20% more capital invested
Capital invested by funds: $37.7B [Q4 2023] → $45.2B (+$7.57B) [Q1 2024]
11% more repeat investments, than reductions
Existing positions increased: 408 | Existing positions reduced: 366
6% more funds holding in top 10
Funds holding in top 10: 31 [Q4 2023] → 33 (+2) [Q1 2024]
1.24% more ownership
Funds ownership: 80.07% [Q4 2023] → 81.31% (+1.24%) [Q1 2024]
8% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 113
1% more funds holding
Funds holding: 1,029 [Q4 2023] → 1,038 (+9) [Q1 2024]
Research analyst outlook
2 Wall Street Analysts provided 1 year price forecasts over the past 6 months
2 analyst ratings
JP Morgan Jash Patwa | 2%upside $52 | Neutral Maintained | 8 Apr 2024 |
JP Morgan Jash Patwa | 6%downside $48 | Neutral Reinstated | 27 Feb 2024 |