Copart Intrinsic Value Calculator – Burgundy Asset Management Ltd. Cashes Out of Copart,, Selling 224,642 Shares
November 28, 2023
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COPART ($NASDAQ:CPRT): It provides a platform for buyers to bid on and purchase vehicles from insurance companies, fleet operators, rental companies, charities, and auto dealers. This divestment marks a significant shift in Burgundy Asset Management Ltd.’s strategy when it comes to this particular stock. It’s uncertain what could have prompted this decision at this time, but it could be indicative of a larger trend among investors.
Stock Price
Despite the influx of shares onto the market, COPART stock opened at $50.8 and closed at $51.2, up by 0.8% from its previous closing price of 50.8. The stock movement shows that investors remain optimistic about the company’s future prospects and are willing to invest in its shareholdings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copart. More…
| Total Revenues | Net Income | Net Margin |
| 4k | 1.32k | 33.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copart. More…
| Operations | Investing | Financing |
| 1.43k | -504.25 | 73.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copart. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.33k | 897.15 | 6.68 |
Key Ratios Snapshot
Some of the financial key ratios for Copart are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.2% | 22.3% | 39.3% |
| FCF Margin | ROE | ROA |
| 22.6% | 15.8% | 13.4% |
Analysis – Copart Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of COPART‘s financials. Using our proprietary Valuation Line, we have determined the intrinsic value of COPART shares to be approximately $41.5. Currently, COPART shares are trading at $51.2, which represents an overvaluation of 23.3%. More…
Peers
Some of its competitors are Alpine Auto Brokers Inc, NowAuto Inc, and Vaksons Automobiles Ltd.
– Alpine Auto Brokers Inc ($OTCPK:ALTB)
Alpine Auto Brokers Inc is a publicly traded company with a market capitalization of 1.61 billion as of 2022. The company has a return on equity of 672.61%. Alpine Auto Brokers Inc is a car dealership that specializes in the sale of new and used vehicles. The company has a network of dealerships across the United States. Alpine Auto Brokers Inc also offers financing options for its customers.
– NowAuto Inc ($OTCPK:NWAU)
Vaksons Automobiles Ltd is an Indian company that manufactures and sells passenger cars, trucks, and buses. The company has a market cap of 167.28M as of 2022 and a Return on Equity of -0.15%. Vaksons Automobiles Ltd has been in business since 1967 and has its headquarters in New Delhi, India.
Summary
This suggests that the investment firm saw a good opportunity to take profits in the stock. Analysts are bullish on Copart due to its strong financials and competitive advantages such as its online auction platform, which has enabled it to increase its market share and grow its revenue. The company also benefits from a global presence and an established customer base. Although there is some risk associated with investing in Copart, such as the potential for competitive pressures to increase and the risk of a downturn in the economy, its fundamentals remain strong and its current valuation looks attractive.
