Jul. 7 at 6:41 PM
$CPRT clearly feeling short term pain re surprise return of Jay Adair. It is almost guaranteed there are some big market share losses to
$RBA .. not an expert but seems like it takes quite a while re competitive bake off etc to displace an incumbent and the deals last long time -- several years at least with a ramp period until insurance volumes run at 100% from carrier partners ..
Seems like RBA could pump over 120 finally -- and
$ACVA could be an acquisition target by Copart to build out the wholesale auction biz to make up for salvage auction market share losses?
Wonder ultimately what happens to
$KAR Openlane -- seems like that should be acquired too?
Maybe ACVA + Openlane one each goes to RBA/CPRT ... they gotta compete with Manheim
