Jun. 13 at 8:40 PM
$CPRT there is a lot to like about this Copart management team in terms of what they built from the ground up.
But they are turning out to be a bit too obstinate with respect to investing outside core insurance salvage biz which will have real challenges if autonomous cars really take off.
Maybe the plan is to continue to build cash for huge share repurchase and/or acquisition in wholesale used car space.
Meanwhile
$RBA looks much healthier at the moment -- they have healthy diversification away from insurance salvage in used equipment sales.
