Jun. 3 at 2:59 PM
$CPRT I find the new CEO to be too stodgy, kind of a boring guy. That is fine, CPRT is kind of a boring business -- but they really should stop buying land and start thinking about buying something like
$ACVA or
$KAR to move faster into wholesale car space or acquire rest of Purple Wave for yellow iron play. I will be interested to see if they keep up the
$1.3 billion quarterly buyback pace for another couple quarters. They can buy back ~10% of the company. Still think CPRT probably on way to 25 zone myself.
