Opinions
Barry Schwartz
Copart Inc.
CPRT-Q
BUY
Nov 25, 2020
$114.510
Stock price when the opinion was issued
Automotive
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PAST TOP PICK
(A Top Pick Jan 04/22, Down 15%) Takes a fee every time a car is totalled and sold on its site. Capital light, global. Used car prices are now coming down. Insurance companies are going to start increasing volume through its junkyards. He expects a record 2023. One of the best performers, should continue.
Automotive
TOP PICK
Auctions cars. More cars are being written off, often due to unfixable technological complexity. Perfect balance sheet. Getting into other verticals such as international markets and heavy equipment. Has grown by double digits for a long time, well run. Winners keep on winning. No dividend.
(Analysts’ price target is $63.67)
Automotive
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The world's recovering, and industrials are booming. His preferred way to play the space is through CPRT, online salvage auction for cars. Sees only tailwinds, no headwinds, going forward. For Canadian investors, RBA looks interesting for the long term.