Following Great Public Companies, Watchlist Investing

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Following Great Public Companies

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<ul><li>Copart made two separate acquisitions of around $100 million that show up completely differently on the statement of cash flows.</li><li>In 2022, it paid $106.6 million for Hills Motors, a UK-based parts recycler.</li><li>In 2024, it paid $112.1 million for 80% of Purple Wave, a heavy equipment auctioneer.</li></ul>

Copart made two separate acquisitions of around $100 million that show up completely differently on the statement of cash flows.In 2022, it paid $106.6 million for Hills Motors, a UK-based parts recycler.In 2024, it paid $112.1 million for 80% of Purple Wave, a heavy equipment auctioneer.

What the Cash Flow Statement Won’t Tell You

Writing about Companies with an Unfair Advantage, Unfair Advantage

Unfair Advantage

Writing about Companies with an Unfair Advantage

I write about companies that have an unfair advantage. I might invest in them as well.

Thematic (Sector/Industry)

<ul><li>You can call me AK. My previous job was fixing companies and advising PE firms.</li><li>I live in Ireland with my wife, 2 dogs and a baby on the way. For my 9-5, I work for a semiconductor company and investing is my 5-9.</li><li>Before this, I used to be a management consultant with Bain &amp; Company working mostly on competitive and growth strategy &amp; Private Equity deals. </li></ul>

You can call me AK. My previous job was fixing companies and advising PE firms.I live in Ireland with my wife, 2 dogs and a baby on the way. For my 9-5, I work for a semiconductor company and investing is my 5-9.Before this, I used to be a management consultant with Bain &amp; Company working mostly on competitive and growth strategy &amp; Private Equity deals. 

I investigate companies for a living (sort of)

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Key points<ul><li>COPART Inc (CPRT) is a leading stock in the salvage industry, dominating as the clear number one player in a duopoly.</li><li>CPRT has recently gained a significant market share advantage over its main competitor, Insurance Auto Auctions (IAA), with USAA switching its salvage business entirely to CPRT.</li><li>IAA has struggled due to a lack of investment, poor service levels, and a loss of focus under its former parent company, KAR, leading to CPRT's continued success and market dominance.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsCOPART Inc (CPRT) is a leading stock in the salvage industry, dominating as the clear number one player in a duopoly.CPRT has recently gained a significant market share advantage over its main competitor, Insurance Auto Auctions (IAA), with USAA switching its salvage business entirely to CPRT.IAA has struggled due to a lack of investment, poor service levels, and a loss of focus under its former parent company, KAR, leading to CPRT's continued success and market dominance.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

United States

Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers.

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Copart Inc (CPRT US)

What the Cash Flow Statement Won’t Tell You

Copart made two separate acquisitions of around $100 million that show up completely differently on the statement of cash flows.

Watchlist Investing

I investigate companies for a living (sort of)

I start reading books on the company, biographies of their CEO, arcane unknown interviews that lie in a forgotten corner of the internet and talk...

Unfair Advantage

Copart Inc (CPRT) - Monday, Nov 20, 2023

COPART Inc (CPRT) is a leading stock in the salvage industry, outperforming its main competitor and gaining market share due to its strong...

Value Investors Club (VIC)

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