Copart: A Boring And Dirty Business Peter Lynch Must Love

Nov. 28, 2022 10:00 AM ETCopart, Inc. (CPRT)RBA, TXN9 Comments
Heavy Moat Investments profile picture
Heavy Moat Investments


  • Peter Lynch loved to invest in boring and dirty businesses, Copart is just that.
  • The company massively outperformed the market in the last decade.
  • Management is aligned with shareholders and thinks for the long term.
  • The industry has several tailwinds supporting a long runway of growth.

Crane heben Auto

hroe/iStock via Getty Images

Better than boring alone is a stock that's boring and disgusting at the same time. Something that makes people shrug, retch, or turn away in disgust is ideal.

Peter Lynch, One up on Wallstreet, Chapter 8 (3)

Copart's ten year outperformance

Copart's ten year outperformance (Koyfin)

Average age by vehicle type

Average age by vehicle type (S&P Global Mobility)

Copart buybacks

Copart buybacks (Koyfin)

Copart Balance Sheet

Copart Balance Sheet (Koyfin)

Copart Inverse DCF

Copart Inverse DCF (Authors Model)

This article was written by

Heavy Moat Investments profile picture
'Heavy Moat Investments' is 24-year-old self-taught investor Niklas based in Southern Germany, who recently finished his bachelor of Science in Business Informatics and now works as a Software Developer, besides writing about his investments on Seeking Alpha and Twitter. Niklas formerly wrote under the 'Stock Metal Investment' username but changed it to reflect his investment style better.The main investment themes in Heavy Moat Investments are great capital allocators, Spawners and companies with deep, widening moats. The only investment horizon discussed on this channel is long-term investments, preferably with decades of growth runway. Follow Niklas on his journey to Financial Freedom.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CPRT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: What do you think about Copart? Let's continue the discussion in the comments.

Recommended For You

Comments (9)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.