Copart Inc $ 115.79 0.34 (0.29%)
Copart Inc News and Headlines -
Copart, Inc. (CPRT) (CPRT - $105.16 – NASDAQ) is the global leader in online vehicle auctions. During the third quarter, Copart reported a very strong earnings release, with especially robust pro tability. Copart enjoyed record growth in average selling prices and strong vehicle sales growth overseas and also held the line on costs. In addition, the used car market was especially strong during the pandemic, as new car manufacturing ground to a halt. at sent used car prices up 12% in July. Copart's online auction platform is stronger than ever, and the company is well positioned to perform well
To Our Shareholders,
For the quarter ended September 30, 2020, the Keeley Small-Mid Cap Value Fund's net asset value ("NAV") per Class A share rose 4.49% compared with a 3.54% gain for the Russell 2500 Value Index. For the year-to-date, the Fund is now down -22.39% compared with an -18.39% fall for the benchmark.
The market continued its recovery in the third quarter in tandem with the economy. It should not be a big surprise that the economy rebounded sharply given that the second quarter fall was so severe and the reason for the decline was transient. Second quarter
According to the Historical Data Screen, a new screening capability for GuruFocus Premium Plus members, four high-quality stocks that had strong returns on equity over the past five years and low Greenblatt earnings yields are Apple Inc. (AAPL), Copart Inc. (CPRT), Exponent Inc. (EXPO) and Masimo Corp. (MASI).
Historical Data Screen feature helps finding good stocks
GuruFocus' High-Quality Screen selects stocks with high financial strength, profitability and business predictability. One characteristic of high-quality stocks is a 10-year median return on equity of at least 15%.
The Historical Data Screen feature allows us
The natural hedge is a significant but often overlooked factor for business-perspective investors to think about the value and risk of a business.
Consider Copart (CPRT) as an example. The Texas-based online vehicle auction business primarily deals with the niche market of totally damaged, economically unrepairable and recovered stolen vehicles by connecting insurance companies, the sellers and various buying parties, such as dealers, dismantlers, rebuilders and exporters. With regards to this kind of business, one may intuitively start to think of a recession risk (i.e., a decline in used car pricing during an economic downturn) as well as the long-term
Copart, Inc. (CPRT) (CPRT - $83.27 – NASDAQ) is the global leader in online vehicle auctions. Like most rms, online auto auction provider and vehicle remarketer Copart was a ected by COVID-19, as it experienced lower processed vehicle volumes from lower car accident volumes. However, Copart shares rebounded in the second quarter, as the company posted a better-than-expected sales number for its scal quarter ending in April. Shares also rallied as North America began to reopen throughout Q2. at resulted in an increase in auto miles driven, which in turn led to greater vehicle volumes.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Keeley+Asset+Management+Corp]Keeley Asset Management Corp[/url]
To Our Shareholders,
For the quarter ended June 30, 2020 the KEELEY Small-Mid Cap Value Fund’s net asset value (“NAV”) per Class A share rose 24.96% compared with a 20.60% gain for the Russell 2500 Value Index. For the year-to-date, the Fund is now down 25.73% compared with a 21.18% fall for the benchmark.
Following the steep correction of the first quarter, the market rebounded dramatically in the second quarter. At June quarter-end, the market was up almost 40% from its March 23rd low. In the first six months of the year, the market, as measured by the S&P
Copart (CPRT) reported roughly flat revenues for its April ending quarter as the Company processed lower totaled automobile volumes at auction, likely due the decline in U.S. driving activity during COVID-19 stay at home orders. However, we believe U.S. driving activity bottomed sometime in mid-April and has recently returned to more normal levels, aided by a shift away from mass transit. We added to our Copart position as we think the market underestimates the recovery in auction volumes as a result of this rebound in U.S. driving activity.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Rolfe]David Rolfe[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Rolfe]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=David+Rolfe]Portfolio[/url])'s Wedgewood Funds second-quarter 2020
"We will not run out of money." -Federal Reserve Chairman, Jay Powell. April 29, 2020
Review and Outlook
For the second quarter 2020 our Composite (net)i gained +27.13%. The S&P 500 Index gained +20.54%, its best quarterly gain since 1998. The Russell 1000 Growth Index gained +27.84%. The Russell 1000 Value Index gained +14.29%.
Top performance detractors for the quarter include Booking, Bristol-Myers, Motorola, Copart, and Alcon. Top performance contributors for the quarter include PayPal, Apple, Tractor Supply Company, Facebook, and Alphabet.
During the quarter, we sold Booking and Fleetcor. We trimmed NVIDIA, Facebook and Apple. We added
What happened to the new and used cars sitting on dealer lots in Houston after Hurricane Harvey?
It’s estimated that as many as one million cars were damaged or destroyed, and tens of thousands of them sat at dealerships.
Companies such as Copart Inc. (CPRT) came to the rescue, salvaging or selling damaged vehicles.
That’s part of the reason Copart is considered an environmental, social and governance, or ESG, company. Vehicles that might have ended up in landfills were salvaged and recycled. Those it didn’t salvage itself, it sold on through salvage auctions.
In its 10-K for 2019,
With market valuations tumbling near three-year lows as the Covid-19 virus outbreak rattles markets around the globe, GuruFocus Editorial Assistant James Li discusses how investors can seek good opportunities based on Berkshire Hathaway Inc. (BRK.A)(BRK.B) co-managers Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio)’s four-criterion investing approach.
A recap of market valuations following a miserable March
As discussed in a previous article,
Texas-based Copart Inc. (CPRT) is the leading provider of online auctions and vehicle remarketing services with operations in the U.S. (81% of fiscal 2019 sales) and abroad (19%). What sets the business apart is its focus on the niche market of damaged vehicles deemed a total loss or not economically repairable as well as recovered stolen cars. Its platform connects vehicle buyers (principally dealers, dismantlers, rebuilders and exporters) and sellers (primarily insurance companies).
With just one salvage yard in California, Copart was founded by Willis Johnson in 1982. While the company went public in 1994, it did not see its
The guru’s St. Louis-based firm approaches potential investments with the mindset of a business owner, analyzing a handful of undervalued companies that have a dominant product or service, consistent earnings, revenue and dividend growth, are highly profitable and have strong management teams.
Taking these criteria into consideration, Rolfe established positions in Bristol-Myers Squibb Co. (BMY), S&P Global Inc. (SPGI), Fleetcor Technologies Inc. (FLT) and Copart Inc. (CPRT) during the quarter.
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
The Western Union Co. reached the 52-week high of $27.77
The Western Union Co. (WU) provides domestic and international money transfers through its global network of about 500,000 outside agents, making it the largest money transfer company in the world and one of only two companies with a truly global agent network.
The price of The Western Union Co. shares has reached $27.77, which is 0.8% off the 52-week high of $28.00. The Western Union Co. has a market
Copart (CPRT) is the largest company in the automotive salvage and auction industry. The industry is a duopoly, with the Company commanding a +40% market share. Insurance Auto Auctions is the Company’s only competitor of size or scale. The Company generates about 80% of its revenue in the U.S. The other 20% is generated in international markets. The U.K. generates the lions share at 15%. The rest is spread out in newer markets that include Canada, Brazil, Ireland, Germany, Spain, the U.A.E., Bahrain, Finland and Ireland. Copart owns the largest global buying network, which essentially matches global demand with local
“In no sense is this QE. This is nothing like it” -Jerome Powell, October 8, 2018
Review and Outlook
For calendar 2019 our Composite (net)i gained +31.96%. The S&P 500 Index gained +31.49%. The Russell 1000 Growth Index gained +36.39%.
Top performance detractors for the year include Qualcomm, Alcon, Cognizant Technology Solutions, C.H. Robinson, and FleetCor. Top performance contributors for the year include Apple, Edwards Lifesciences, Facebook, Visa, and Fastenal.
Our Composite (net) gained +9.57% during the fourth quarter of 2019. The S&P 500 Index gained +9.07% during the quarter. The Russell 1000 Growth Index gained +10.62%.
Top performance detractors
The financial strength criterion of Benjamin Graham, the father of value investing, states that if investors screen for stocks whose current ratio exceeds 2 and the working capital is higher than long-term debt, they have greater chances of coming across quality companies.
Quality stocks are set to perform better than most of their competitors, no matter what the phase of the business cycle is.
The current ratio, which is calculated as total current assets divided by total current liabilities, ascertain the company's ability to pay short-term financial obligations.
The working capital ratio, which is calculated as total current asset minus
According to GuruFocus, these stocks have reached their 52-week highs.
Illinois Tool Works reached a 52-week high of $171.81
Illinois Tool Works Inc. (ITW) is a global diversified manufacturer with 85 business divisions and operations in more than 50 countries. The company's seven segments manufacture a broad range of industrial products and equipment, including engineered fasteners and seat heaters for automakers, refrigerators and displays for grocery stores, and plastic six-rings for beverages and other consumer goods. ITW employs 48,000 people and reported 2016 revenue and adjusted operating income totaling $13.6 billion and $3.3 billion, respectively.
According to GuruFocus list of 52-week highs,Â several stocks have reached 52-week highs.
Global Payments Inc. (GPN) reached the 52-week high of $164.22
Spun off from National Data in 2001, Atlanta-based Global Payments provides payment processing services. Many of its customers are small and midsize merchants The company has expanded its presence in regions such as Europe and Asia.
The price of Global Payments shares has reached $164.22, which is 1.2% off the 52-week high of $166.13. The company has a market cap of $25.73 billion; its shares were traded around $164.22 with a price-earnings
According to the All-in-One Screener, five Peter Lynch stalwarts with strong profit margins are Copart Inc. (CPRT), Intel Corp. (INTC), Edwards Lifesciences Corp. (EW), Masimo Corp. (MASI) and IDEXX Laboratories Inc. (IDXX).
Starting point: Peter Lynch Stalwarts screen
According to Investopedia, Lynch defined a stalwart as “a large, well-established company that still offers long-term growth potential.” The investor sought companies with a strong balance sheet, little or no debt, solid cash flowÂ and earnings growth between 10% and 12%.
GuruFocus launched a new version of the All-in-One Screener
What is your take on the recent market downturn?
Downturns are never pleasant in the short run. However, at Royce we always try to put cash to work when share prices are falling to create potentially rewarding long-term opportunities.
The kind of high-quality characteristics that we seek in Premier—companies with high returns on invested capital and sustainable competitive advantages—are usually trading more closely to their full valuation. It can take a long time for what we think are high-quality small-caps to enter a favorable valuation range.
So far in the fourth quarter, we’ve added four new names to Premier’s
|2020-11-19 $ 113.83 (-1.85%)|
Copart's (CPRT) Q1 Earnings & Revenues Top Estimates, Up Y/Y - www.zacks.com
|2020-11-18 $ 115.97 (-0.19%)|
5 Spectacular Break-Out Earnings Charts - www.zacks.com
Here's Why Copart (CPRT) is Set to Deliver Q1 Earnings Beat - www.zacks.com
|2020-11-17 $ 116.19 (0.12%)|
Why Earnings Season Could Be Great for Copart (CPRT) - www.zacks.com
|2020-11-02 $ 113.4 (2.75%)|
|2020-10-22 $ 114.09 (-0.45%)|
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|2020-10-20 $ 114.98 (-0.24%)|
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|2020-10-19 $ 115.26 (-1.64%)|
Keeley Asset Management Comments on Copart - GuruFocus.com
|2020-10-16 $ 117.18 (-0.39%)|
3 Top Stocks That Made the Most of a Predictable Q3 Rebound - www.zacks.com
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|2020-10-14 $ 115.8 (-0.49%)|
|2020-10-13 $ 116.37 (-0.61%)|
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|2020-10-05 $ 109.69 (2.19%)|
Surging Earnings Estimates Signal Good News for Copart (CPRT) - www.zacks.com
|2020-09-21 $ 102.63 (-0.99%)|
Top Ranked Momentum Stocks to Buy for September 21st - www.zacks.com
|2020-09-18 $ 103.66 (1.38%)|
|2020-09-15 $ 105.08 (1.17%)|
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|2020-09-09 $ 103.04 (1.45%)|
|2020-09-07 $ 103.49 (%)|
2 Cases to Demonstrate the Natural Hedge - GuruFocus.com
|2020-09-04 $ 103.49 (0.53%)|
Copart (CPRT) Surpasses Q4 Earnings and Revenue Estimates - www.zacks.com
|2020-09-01 $ 104.02 (0.68%)|
Copart (CPRT) to Report Q4 Earnings: What's in the Cards? - www.zacks.com
Why Copart (CPRT) Might Surprise This Earnings Season - www.zacks.com
|2020-08-27 $ 103.08 (0.63%)|
|2020-08-11 $ 99.94 (1.09%)|
The Hidden Reason Copart's Shares Soared in July - www.fool.com
|2020-07-28 $ 89.64 (-1.76%)|
Keeley Asset Management Comments on Copart - GuruFocus.com
|2020-07-13 $ 81.5 (-1.87%)|
David Rolfe Comments on Copart - GuruFocus.com
|2020-06-26 $ 79.62 (-2.31%)|
Copart Inc (CPRT) CFO Jeffrey Liaw Sold $7.7 million of Shares - GuruFocus.com
|2020-06-25 $ 81.5 (0.23%)|
Salvage Auto Auctioneers Thrive on Damaged Cars: What's Ahead? - www.zacks.com
|2020-06-19 $ 84.41 (-2.34%)|
$CPRT - Copart: The King Of Auto Auctions. Copart King Of Auto Auctions - seekingalpha.com
|2020-06-10 $ 89.4 (0.34%)|
Copart: An ESG Stock With Robust Fundamentals - GuruFocus.com
|2020-06-09 $ 90.24 (-1.72%)|
|2020-05-21 $ 86.4 (-0.33%)|
Copart (CPRT) Q3 Earnings & Sales Miss Estimates, Down Y/Y - www.zacks.com
|2020-05-04 $ 78 (-0.7%)|
|2020-04-21 $ 66.15 (-3.61%)|
$CPRT - Copart - The eBay Of Salvage Cars. Copart Ebay Of Salvage Cars - seekingalpha.com
Copart: A Great Business in a Great Niche - GuruFocus.com
|2020-02-21 $ 95.25 (-2.11%)|
|2020-02-15 $ 103.25 (-0.1%)|
|2020-02-13 $ 103.35 (0.84%)|
|2020-01-13 $ 96.26 (1%)|
David Rolfe Comments on Copart - GuruFocus.com
|2019-11-27 $ 90.23 (-0.63%)|
3 Quality Stocks for Your Portfolio - GuruFocus.com
|2019-11-13 $ 82.3 (-0.81%)|
|2019-10-28 $ 83.98 (0.05%)|
|2019-04-26 $ 66.86 (1.67%)|
5 Peter Lynch Stalwarts With Strong Operating Margins - GuruFocus.com
|2018-12-11 $ 48.56 (0.46%)|
|2018-08-17 $ 60.98 (0.26%)|
Chuck Royce Comments on Copart - GuruFocus.com
|2018-02-01 $ 43.62 (-1.02%)|
How to Take Notes on a Company's Balance Sheet - GuruFocus.com
|2017-10-26 $ 35.91 (0.45%)|
Quality Stocks: Cognizant, Copart - GuruFocus.com
A Deep Look at Copart - GuruFocus.com
|2017-07-14 $ 31.09 (-0.32%)|
Copart: Auto and Service Business Keeps Growing - GuruFocus.com
|2017-01-10 $ 28.36 (0.32%)|
A Mid-Cap With Buffett-Munger Status - GuruFocus.com
|2013-10-04 $ 16.54 (-0.06%)|
Top Insider Buys of the Week - GuruFocus.com
|2013-02-06 $ 18.29 (0.27%)|
Westport Funds Buys 2 New Holdings, Both Surge - GuruFocus.com
|2012-05-11 $ 13.24 (0.68%)|
Earnings Yield or Free Cash Flow Yield: Which Should You Use? - GuruFocus.com
|2011-03-17 $ 10.12 (0.9%)|
|2011-03-07 $ 10.19 (-0.88%)|
|2010-12-03 $ 8.35 (0.85%)|
|2010-03-12 $ 8.85 (0.45%)|
Copart Inc. (CPRT) COO Russell Lowy sells 11,947 Shares - GuruFocus.com
Copart Inc. (CPRT) COO Russell Lowy sells 3,053 Shares - GuruFocus.com
Copart Inc. (CPRT) CEO A Jayson Adair sells 13,265 Shares - GuruFocus.com
|2009-12-10 $ 8.78 (-1.01%)|
|2008-12-15 $ 6.41 (-0.16%)|