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Copart: Valuation Is Gradually Reverting To Historical Average

Sep. 26, 2023 5:28 AM ETCopart, Inc. (CPRT)
Normad Capital profile picture
Normad Capital


  • Copart's 4Q23 revenue and EBIT exceeded expectations, indicating sustained near-term top-line growth.
  • The market is gradually devaluing CPRT's valuation, which may offset potential gains despite positive growth indicators.
  • The Company's strong balance sheet and net cash position offer financial stability and potential for strategic acquisitions.


Keith Lance


Readers may find my previous coverage via this link. My previous rating was a hold, as I believed the Copart (NASDAQ:CPRT) valuation was not attractive at the previous level. While positive growth indicators and continued revenue

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Normad Capital profile picture
Both a full-time investor and a full-time operations manager. I've learned about investing over the years by reading and researching businesses that, in my opinion, have a significant competitive advantage that can sustainably produce returns above its cost of capital.

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