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Who Is The King Of Junk? Copart Vs. IAA

Feb. 14, 2023 10:00 AM ETRB Global, Inc. (RBA), CPRTRBA:CA, KAR2 Comments
Heavy Moat Investments profile picture
Heavy Moat Investments


  • The totaled auto auction industry is a lucrative market with many tailwinds.
  • 80% of the market is split between Copart and IAA, making it a Duopoly.
  • The companies differentiate each other in their strategy and execution over the last years.

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Investing in the right stocks can be a challenging task. One industry many people aren't familiar with is the totaled auto auction industry. Two prominent players in the market are Copart (NASDAQ:CPRT) and IAA (

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.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPRT either through stock ownership, options, or other derivatives. 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.

This is not financial advise.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

@Heavy Moat Investments thanks for the article. Do you know how many cars are sold per year? What is their take on a single car? I see many cars priced $500-$3000 being auctioned on their site. What percentage do they receive? How is it economical for insurance company to pay for towing and remarketing if the car is then sold for $500?
Engineered Quality Investments profile picture
Wonderful comparison and better title!😎
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