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Stock impact report

Copart: A Valuation Derating Has Made It A Buy (Rating Upgrade) [Seeking Alpha]

Copart, Inc. (CPRT) 
Last copart, inc. earnings: 2/19 05:55 pm Check Earnings Report
US:NASDAQ Investor Relations: copart.com/investorrelation
Company Research Source: Seeking Alpha
Recent headwinds—declining insurance volumes and softer claims—are seen as transient, not indicative of structural weakness in CPRT's moat. CPRT management has initiated aggressive buybacks, repurchasing $1.1B in shares with $6.4B in liquidity and effectively no debt. Long-term tailwinds—population growth, rising total-loss frequency, and strategic land investments—support a bullish outlook for CPRT as cyclical pressures ease. Art Wager/E+ via Getty Images Introduction Since my last article on Copart, Inc. ( CPRT ), shares of the company have fallen by about 46%. Back then, I recommended avoiding the company's shares, as they assumed continued increasing average selling prices and This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving Show less Read more
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