Wait and Collect(@WaitAndCollect):Everyone thinks $CPRT is an online auction company. It owns more than 20,000 acres of land. That's the actual business. Salvage vehicles have to physically go somewhere, and nobody is getting permission to build new yards near cities. The stock is at 20.9x free cash flow against a 43.3x historical average. Free cash flow compounded at 23% a year since 2013. Growth is slowing to 10-12%, and there's a proposed ACV acquisition to look at. Still cheap for what it is.

Wait and Collect

@WaitAndCollect

Finding the boring companies that beat the S&P for decades. The ones nobody posts about.

参加 October 2012

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Wait and Collect@WaitAndCollect

2026.09.25 15:58

Everyone thinks $CPRT is an online auction company. It owns more than 20,000 acres of land. That's the actual business. Salvage vehicles have to physically go somewhere, and nobody is getting permission to build new yards near cities. The stock is at 20.9x free cash flow against a 43.3x historical average. Free cash flow compounded at 23% a year since 2013. Growth is slowing to 10-12%, and there's a proposed ACV acquisition to look at. Still cheap for what it is.