Previous Close | $49.32 |
AI Value | $54.39 |
Upside potential | +10% |
Copart, Inc. (CPRT) is a global leader in online vehicle auctions and remarketing services, primarily serving insurance companies, dealerships, rental car companies, and fleet operators. The company operates a digital platform that facilitates the sale of salvage and total-loss vehicles through a virtual auction model, which has become the industry standard. Copart holds a dominant market position in North America and has been expanding internationally, particularly in Europe and the Middle East. Its competitive advantages include a vast inventory network, proprietary auction technology (VB3 platform), and a scalable business model that benefits from high margins and recurring revenue streams.
Copart invests heavily in its VB3 platform, which enhances bidder engagement through AI-driven pricing tools and real-time analytics. The company also holds patents for its auction technology and continues to expand its digital capabilities to maintain a technological edge over competitors.
Copart is a high-quality compounder with a durable competitive moat, driven by its scalable digital auction platform and strong industry tailwinds. While regulatory and competitive risks exist, the company’s financial strength, innovation focus, and international growth potential make it an attractive long-term investment. Near-term volatility may arise from cyclical insurance trends, but the structural shift toward online auctions supports sustained outperformance.
Copart SEC filings (10-K, 10-Q), investor presentations, industry reports (IBISWorld, Statista), and earnings call transcripts.
Historical valuation data is not available at this time.