CopartCPRT
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 Q3 regulatory filings by fund managers ($100M+ AUM)
13% more repeat investments, than reductions
Existing positions increased: 427 | Existing positions reduced: 379
2% more call options, than puts
Call options by funds: $106M | Put options by funds: $104M
1% less funds holding
Funds holding: 1,053 [Q2] → 1,045 (-8) [Q3]
7% less first-time investments, than exits
New positions opened: 110 | Existing positions closed: 118
2.4% less ownership
Funds ownership: 82.61% [Q2] → 80.21% (-2.4%) [Q3]
6% less capital invested
Capital invested by funds: $43B [Q2] → $40.4B (-$2.56B) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 34 [Q2] → 28 (-6) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Craig Kennison 52% 1-year accuracy 14 / 27 met price target | 1%downside $56 | Outperform Maintained | 5 Sept 2024 |
Financial journalist opinion
Based on 6 articles about CPRT published over the past 30 days
