Buy CPRT by Nov 26, 2026.

Been digging into CPRT and I think the market's overreacting here. Stock's down like 45% over the last year and that sorta reads broken. But when you look under the hood the moat looks totally intact. Basically Copart runs the salvage/insurance auction network — they've got the land, they've got the digital platform insurers are basically stuck using, and it's a super asset-light setup so the returns on capital are great. Classic "boring business, great economics" situation. And right now …