There's a lot of interest in $CPRT on FinTwit, and looking at the company's history, we can see why.
Since going public *three decades ago*, Copart's EBIT has grown with a whopping 22% CAGR.
In this thread we will share our highlights from this week's earnings call 🧵
$CPRT is making decisions for the next "30-year prosperity" of their customers and shareholders:
CFO Leah Stearns on the $CPRT culture:
$CPRT is focused on long-term returns on capital:
$CPRT is a full-service marketplace for both buyers and sellers:
Here is an old visual of ours explaining the $CPRT marketplace dynamics:
Despite cost pressures over the last two years, $CPRT has EBIT margins of >45%:
Total loss frequency has enjoyed an upward trend for the last "40-50 years", and $CPRT's Jeff Liaw expects it to continue that way:
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