Copart, Inc.Long
CPRT Continues Bullish Trend
Who They Are
Copart Inc (CPRT) is an online auction provider for used/damaged/stolen vehicles for mainly commercial entities. These vehicles are sold to a wide variety of end-users. CPRT makes money through fees from the auctions and from engaging in buying and selling themselves.
Are They Making Money
Their EBITDA(Adj) has been showing positive growth for several years now, the same as cash flow from operations.
Technical
CPRT recently corrected down to the 63EMA and then continued back on its bullish trend. RSI shows it still has room to move up before hitting overbought territory. ADX is pointed down but it is above 20, showing strength in the trend though being pointed down warns that it may be running out of steam.
Copart Inc (CPRT) is an online auction provider for used/damaged/stolen vehicles for mainly commercial entities. These vehicles are sold to a wide variety of end-users. CPRT makes money through fees from the auctions and from engaging in buying and selling themselves.
Are They Making Money
Their EBITDA(Adj) has been showing positive growth for several years now, the same as cash flow from operations.
Technical
CPRT recently corrected down to the 63EMA and then continued back on its bullish trend. RSI shows it still has room to move up before hitting overbought territory. ADX is pointed down but it is above 20, showing strength in the trend though being pointed down warns that it may be running out of steam.
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