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TIP549: 2 High-Quality Compounders
We Study Billionaires - The Investor’s Podcast Network
Copart's Q4 Earnings
Copart has a market cap of $37 billion in a net income for the trailing 12 months of $1.1 billion. For fiscal year 2022, again, they grew revenues by 30% year over year which is partly due to the tailwind of rising used car prices during the year. It's clear that Copart has seen really strong growth internationally and it's been continuing to steal market share from other competitors such as IAA. They have a rock solid balance sheet with $1.4 billion in cash and then running a bit of math on the valuation here just based on their net income numbers I will take at face value as their owners earnings before making any of their internal
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