Ranjit Thomas

Copart: Good Technical Strength and Solid Fundamentals

As you point out, trailing 12 mths free cash flow is $91Mn. But the market cap is $3.5Bn! A 38x multiple on FCF sounds like a short to me. You say it would be nice if the co. paid a dividend. Now you know why they don't - they can't afford to, 'coz they hardly generate any cash.