Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Copart is the dominant player in the salvage auto auction industry, holding roughly 60% of the U.S. market share as part of a rational duopoly. Copart acts as...
— Tyler Hardt, CFA
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Copart, Inc.
At Copart, CEO Jeff Liaw stepped down on June 29, and the stock fell on the news.
Copart was exited due to deteriorating competitive dynamics following the acquisition of its primary rival, IAA, by RB Global, which led to aggressive pricing and lost market share. Additionally, a spike...
Turning to Copart first, it is the leading global marketplace for damaged and end-of-life vehicles, sitting between insurance companies that need to dispose of total-loss cars and a fragmented, worldw
More institutional theses from Pelican Bay Capital Management
Strength in commodity prices - particularly energy - boosted both Barrick Mining (B) and Devon Energy (DVN). We continue to...
AECOM (ACM) also continued to experience share price weakness. This quarter, the...
We initiated a new investment in Zoom Video Communications (ZM). Zoom is the...