American automotive auction company
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21 episodes with Copart
6 episodes with Copart
3 episodes with Copart
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2 episodes with Copart
4 episodes with Copart
2 episodes with Copart
2 episodes with Copart
Today I'm joined by Shane Wood, General Manager at Bruce Titus Automotive Group. We dive into why a shortage of Ford technicians is pushing dealerships into economic warfare, how a service drive bottleneck kills profitability, how he built dealership-wide trust—and more. This episode is brought to you by: 1. Cox Automotive - From virtual assistants and gen AI to automation and predictive insights, learn which AI solutions are right for your dealership. Learn more by downloading “Artificial Intelligence for Automotive Retailers.” Visit https://carguymedia.com/4n2YpYP for more info. 2. Copart - Are you looking to expand your dealership's wholesale inventory? Finding front-line ready vehicles from finance, fleet, and rental consignors is now easier than ever. Copart gives you transparency that drives profitability and the assurance you need. Starting Tuesday, June 17, Copart is launching a new national Wholesale Auction running every Tuesday and Thursday at 11 a.m. CT. Check it out here https://www.copart.com/used-cars 3. Nomad Content Studio - Most dealerships still get social media wrong—ignoring it, posting boring inventory photos, or handing it off to someone without a plan. Meanwhile, the dealer down the street is pulling millions of views and closing real car deals. That's where Nomad Content Studio comes in. They're the team behind dealers like Paragon Honda, Benzs & Bowties, and EV Auto. Nomad trains your videographer, guides what to film, then edits and posts across every platform for you. Want your dealership to be next? Head to http://www.trynomad.co and book a call. Need help finding top automotive talent? Get started here: https://www.cdgrecruiting.com/ Interested in advertising with Car Dealership Guy? Drop us a line here: https://cdgpartner.com Interested in being considered as a guest on the podcast? Add your name here: https://bit.ly/3Suismu Topics: 00:34 How has content creation evolved? 01:43 Why consistency beats virality? 04:28 What shaped Shane's career? 08:14 Biggest auto industry challenges 13:39 How to optimize service departments? 21:17 Why truth wins in sales? 24:25 Best sales training techniques 34:06 Will Ford's EV strategy work? 35:05 Solving the car affordability crisis Check out Car Dealership Guy's stuff: CDG News ➤ https://news.dealershipguy.com/ CDG Jobs ➤ https://jobs.dealershipguy.com/ CDG Recruiting ➤ https://www.cdgrecruiting.com/ My Socials: X ➤ x.com/GuyDealership Instagram ➤ instagram.com/cardealershipguy/ TikTok ➤ tiktok.com/@guydealership LinkedIn ➤ linkedin.com/company/cardealershipguy Threads ➤ threads.net/@cardealershipguy Facebook ➤ facebook.com/profile.php?id=100077402857683 Everything else ➤ dealershipguy.com This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
I episode 87 fikk vi besøk av Robin Øvrebø, fondsforvalter i Odin Forvaltning. Med en litt annerledes bakgrunn og lidenskap for aksjer, startet Robin som aksjeanalytiker i Odin i 2017. Etter få år gikk han gradene og ble forvalter av Odin USA. Robin forvalter omslag 14 milliarder NOK med et mandat som fokuserer på det amerikanske markedet.Robin besitter en dyp forståelse for det amerikanske markedet som han har investert i siden tenårene. Med basis i investeringsfilosofien til Odin som fokuserer på prestasjon, posisjon og pris, forsøker Robin å identifisere og investere i selskaper som er vinnere over tid. Verdiskapning over tid er det sentrale. Tidsfaktoren er viktig investering og Robin forsøker å utnytte denne til det fulle. I episoden tok Robin oss gjennom mange forskjellige spennende forretningsmodeller og selskaper. Blant annet W.W. Grainger, Copart, Core & Main, Copart, Hershey og Otis.Ønsker du mer informasjon eller vil komme i kontakt med Robin, se her:Odin Forvaltning: https://odinfond.no/fond/odin-usa-f-nok/ X: https://x.com/robinovrebo Episoden er spilt inn for informasjons- og underholdningsformål, og innholdet i episoden skal ikke anses som en investeringsanbefaling. Innholdet er ikke sponset. Robin ble invitert av StockUp.Vel lytt!Ønsker du å være med på discord?Gå hit: https://discord.gg/CsxNmyXGbE Hvis du ønsker å støtte StockUp podcasten, har vi satt opp en Patreon: https://www.patreon.com/StockUp831
No Podcast Rio Bravo desta semana, nosso convidado é Adiel Avelar, CEO da Copart. A Copart é uma multinacional norte-americana com ações na NASDAQ e presente em onze países nas Américas, Europa e Ásia. No Brasil desde 2012, a atuação da Copart é voltada à organização de leilões extrajudiciais de veículos e mantém 25 pátios em todas as regiões do território nacional. Na entrevista que concede ao nosso Podcast, Adiel Avelar fala a respeito do modelo de negócio, comenta a importância da segurança jurídica para a operação e projeta o crescimento da companhia neste ano 2025.
Welcome to Industry Spotlight—a focused series hosted by Sam D'Arc, highlighting standout dealerships and innovative companies, and exploring the trends driving success in today's automotive market. Today, Sam sits down with Doug Obenhaus, President Texas Auto Sales, and David Kang, Chief Marketing & Analytics Officer, Copart. This episode of the Car Dealership Guy Podcast is brought to you by Copart: Copart – Are you looking to expand your dealership's wholesale inventory? Finding front-line ready vehicles from finance, fleet, and rental consignors is now easier than ever. Copart Select gives you transparency that drives profitability and the assurance you need. Register as a Member to Get Started at https://carguymedia.com/44x0XYn Need help finding top automotive talent? Get started here: https://www.cdgrecruiting.com/ Interested in advertising with Car Dealership Guy? Drop us a line here: https://cdgpartner.com Interested in being considered as a guest on the podcast? Add your name here: https://bit.ly/3Suismu Topics: 01:59 Biggest challenges in the car business? 05:00 Advice for independent dealers? 06:16 Where to find used car deals? 07:24 What is Copart's benefit? 11:40 Best strategies for today's market? 12:40 How does Copart handle arbitration? 20:23 How is AI changing autos? 31:08 International vehicle trade opportunities? 33:22 Is Copart's marketplace fair? Check out Car Dealership Guy's stuff: CDG News ➤ https://news.dealershipguy.com/ CDG Jobs ➤ https://jobs.dealershipguy.com/ CDG Recruiting ➤ https://www.cdgrecruiting.com/ My Socials: X ➤ x.com/GuyDealership Instagram ➤ instagram.com/cardealershipguy/ TikTok ➤ tiktok.com/@guydealership LinkedIn ➤ linkedin.com/company/cardealershipguy Threads ➤ threads.net/@cardealershipguy Facebook ➤ facebook.com/profile.php?id=100077402857683 Everything else ➤ dealershipguy.com This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.
On this Dialogue episode of The Synopsis, we answer listener questions and talk about RH, APi Global, Constellation Software, NVR, Dream Finder Homes, Axon, Copart, and a recent interview Drew Cohen gave with Compounding Quality. We hope you enjoy! Mentioned Memo: An Interview on Investing with Speedwell's Drew Cohen ~*~ For full access to all of our updates and in-depth research reports, including our CoStar Group and Copart Extensive Research Reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:32) — RH and Macro (7:30) — APi Global Roll-Ups (and Constellation Software Parallels) (15:58) — NVR vs Dream Finders Home; Only Buy the Best? (26:30) — What Investment Rule do you Disagree With? (31:20) — Axon, Copart, and Culture (38:59) — How to Make a Decision -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
On this Dialogue episode of The Synopsis, we give an update on CoStar Group and Copart. Check out our written business updates for $CSGP and $CPRT below! CoStar Group 4Q24 Business Update Copart: 2Q25 Business Update (Calendar 4Q24) ~Mentioned Memos~ Accounting Memo: Alibaba, JD, and the $330bn Footnote ~*~ For full access to all of our updates and in-depth research reports, including our CoStar Group and Copart Extensive Research Reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro ~CoStar Group~ (1:58) — CoStar Overview (10:55) — Sales Force, Growth, Homes.com (23:06) — Better Bear Case, Valuation, Andy Florance as a CEO ~Copart~ (31:51) — Copart Overview and Tailwinds (47:45) — International, Purple Wave, Tariffs, Valuation -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of publication, one or more contributors to this report has a position in CSGP and CPRT. Furthermore, accounts one or more contributors advise on may also have a position in CSGP and CPRT. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
Let's explore Copart's wildest EV finds with Alex from @OutofSpecRenew, an EV mechanic! From 90s EVs to EV commercial fleets and high end luxury EVs, we take a deep dive into the many EVs on Copart, uncover the hidden issues to watch out for, and discuss whether these cars are worth saving. Let's talk about it!Out of Spec Renew: https://www.youtube.com/@OutofSpecRenewShoutout to our sponsors for more information find their links below:- Fort Collins Kia: Visit focokia.com for full details. Disclaimer: *Delivery covers up to $1,000.Find us on all of these places:YouTube: https://www.youtube.com/outofspecpodcastApple Podcasts: https://podcasts.apple.com/us/podcast/out-of-spec-podcast/id1576636119Spotify: https://open.spotify.com/show/0tKIQfKL9oaHc1DLOTWvbdAmazon: https://music.amazon.com/podcasts/473692b9-05b9-41f9-9b38-9f86fbdabee7/OUT-OF-SPEC-PODCASTFor further inquiries please email podcast@outofspecstudios.com#copart #electricvehicle #electricvehicles Hosted on Acast. See acast.com/privacy for more information.
On this Dialogue episode we give an update on two of our companies: Copart and Coupang! We talk about Coupang's new entrance into the luxury market and two call options for Copart. Plus a short diatribe on Temu and Aliexpress. You can read the 3Q24 business update on Coupang here and on Copart here. *Note: it is Copart's 1Q25 fiscal year* *Apologies, but it seems the mic recorded lower sound quality at times. We will fix it for future episodes* *~*~*~*~*~*~*~*~*~*~*~* For Coupang and Copart we have an in-depth, company-specific episode. These are evergreen and extremely comprehensive deep dives on each company. Listen to the Coupang ($CPNG)Company Podcast Episode here: (Apple, Spotify) Listen to the Copart ($CRPT) Company Podcast Episode here: (Apple, Spotify) *~*~*~*~*~*~*~*~*~*~*~* *Mentioned Memos* Read one of our most popular memos on Wish here: The Future of Ecommerce That Wasn't: An In-depth Look into What Went Wrong with Wish Listen to our Dialogue Podcast on Wish here: Apple, Spotify -*-*-*-*-*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro Coupang (0:56) — Coupang (10:34) — Cash Flow Dynamics (14:45) — Taking on the Luxury Market (18:11) — The Lower End Market Threat with Temu and AliExpress (23:30) — New markets and growth opportunities Copart (28:28) — Copart (34:56) — Long Term Growth Rate Variables (35:46) — Annoying Copart Question (38:51) — Their Big Call Option (48:09) — International (50:42)— Valuation Three Ways (1:21:00) Another Call Option -*-*-*-*-*-*-*-*-*-*-*-*-*-*- For full access to all of our updates and in-depth research reports, become a Speedwell Member here. Please reach out to info@speedwellresearch.com if you need help getting us to become an approved research vendor in order to expense it. *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
0:00 Intro 1:54 Trump's tariff threats + challenges 9:34 How Tim Cook managed Trump's first term 13:37 Have markets peaked? 15:29 Google's challenges from antitrust and AI 26:25 Alimentation Couche-Tard's earnings + update on 7 Eleven 35:02 Copart earnings and long-term drivers 42:34 Why does Copart have so much cash? This week, Barry and Ernest cover the Tariff concerns in depth. They review the risks to the Canadian and U.S. economies and discuss the types of companies that could be hurt the most. Next, they discuss the proposed remedies by the DOJ in its anti-trust lawsuit against Google. Moving on, Barry and Ernest provide an update on Couche-Tard's bid for 7 Eleven and a review of its recent earnings release. The feature discussion is on the risks and opportunities for Copart.
Join Saurabh and Arindam Mandal as they unravel the captivating story of Copart, the leading used car parts marketplace in the developed world. Discover the strategic decisions and innovative approaches that have driven Copart's extraordinary growth. Learn about the company's unique business model and its impact on the automotive industry.
In this episode of GENTLEMAN SPECULATOR, I sit down with Clay Finck from 'We Study Billionaires' to discuss Chris Mayer's book '100 Baggers,' the quality investing ethos, and the friction stock analyst have with bitcoin. Clay shares his journey from being an actuary in Nebraska to going full time with The Investors Podcast Network. Highlights include specific companies like Copart and Constellation Software. Clay is one of the few guys I can have a conversation with about long-term investing, the value of high-quality businesses, and how Bitcoin breaks the mold.03:15 Clay's Journey to the Investors Podcast06:36 Avoiding Clickbait10:07 Midwest small town values and investing13:45 Chris Mayer's ‘100 Baggers'24:42 Constellation Software32:51 Bitcoin for stock pickersSubscribe to emails at https://www.gentlemanspeculator.com/ Andy Flattery is the Owner of Simple Wealth Planning, a Registered Investment Advisor. All opinions expressed by Andy and guests are solely their own opinions and do not reflect the opinions of Simple Wealth Planning. This podcast is for informational and entertainment purposes only and should not be relied upon as investment, tax, or legal advice. Clients of Simple Wealth Planning may maintain positions in bitcoin and the securities discussed in this podcast. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.gentlemanspeculator.com
Discover the secrets to revitalizing your business operations as we gear up for the 81st Annual ARA Convention and Expo in Reno! Join us for an engaging conversation with our special guest, Paul D'Adamo, who provides an exclusive inside look at the wealth of opportunities awaiting attendees. You'll get to know more about the must-see exhibitors like Razz, URG, CoPart, and eBay, and why you shouldn't miss Amber from Pete's discussing how to overcome complacency in business. Whether you're new to the industry or a seasoned pro, this episode is packed with insights that will help you make the most out of your conference experience.Learn about the influential figures making waves in the automotive recycling industry, from the impressive contributions of Tom Andre to the collaborative efforts behind the Gold Seal Quality Assurance Certification by ARA and URG. We celebrate the leadership and dedication of Shannon Nordstrom, Christy Werner, and the enduring impact of Sandy Blaylock. This episode emphasizes the importance of attending industry events to build lasting relationships and nurture a strong sense of community among peers. Networking is more than just exchanging business cards—it's about fostering meaningful connections that can propel your career forward.Finally, we dive into practical advice on maximizing the benefits of attending the ARA Annual Conference and Expo. Hear inspiring stories about the URG Scholarship Foundation, which supports the education of auto recycling employees and their families. Gain valuable tips on how to stay organized, share best practices, and continue learning from peers. Plus, enjoy a fun discussion on the joys and challenges of maintaining an organized home, especially in smaller spaces. Tune in to discover how a passion for organization can enrich your personal and professional life, and get ready to rejuvenate your operations with fresh perspectives and new ideas!
On today's episode, Clay and Kyle give an overview of their best quality stock idea for Q3 2024. This quarter, they discuss Old Dominion Freight Line. Over the past 20 years, Old Dominion has been one of the best performing stocks in the market. This seemingly boring best-in-class trucking company outperformed well-known companies like Amazon, Costco, and Microsoft. Tune into today's episode to hear Clay and Kyle's thoughts on Old Dominion's business and what the prospective returns might look like going forward. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 02:14 - What is important to know about Old Dominion's history going back to the Great Depression? 21:06 - An overview of Old Dominion's business model and competitive advantages. 21:06 - The development of the LTL trucking industry over the past 20 years. 41:53 - Why Old Dominion Freight Line has similar competitive advantages to Copart. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. The Direction of the Moat by Eagle Point Capital. Books mentioned: Helping the World Keep Promises, Junk to Gold, 7 Powers. Related Episode: Listen to TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve, or watch the video. Related Episode: Listen to TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve, or watch the video. Related Episode: Listen to TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve, or watch the video. Episode Mentioned: TIP543: 100 Baggers w/ Chris Mayer. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Fundrise AT&T The Bitcoin Way USPS American Express Onramp SimpleMining Public Vacasa Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Daniel Eckert und Laurin Meyer über einen neuen Tiefschlag für Bayer, Risse in der Discokugel-Aktie und eine bisher wenig beachtete KI-Firma. Außerdem geht es um Airbnb, Uber, Caterpillar, Palantir, WK Kellog, Kraft Heinz, General Mills, Stellantis, Ford, General Motors, Volkswagen, Mercedes-Benz, Tesla, Starbucks, Aurora Cannabis, Tilray, Canopy Growth, Southern California Gas Co, Cintas, Costco Wholesale, Regeneron Pharmaceuticals, T-Mobile US, Diamondback Energy, Copart, BB Biotech und iShares Nasdaq US Biotechnology ETF (WKN: A2DWAW). Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html
Curious about the latest innovations in the towing and recovery industry? We've got you covered! Join co-hosts DJ Harrington and Darian Weaver alongside our special guest Carrie Fogg, VP of Operations at Fred's Towing and president of the Towing Recovery Professionals of North Carolina, as we discuss the newly renamed Mid-Atlantic Tow Expo. Happening from September 5th through the 7th, the event expands its reach to include towers and vendors from neighboring states like South Carolina, Virginia, and Georgia. Tune in for exclusive details about the new indoor venue at the Jim Graham building and the host hotel, Hyatt Place in Raleigh, where exciting meet-and-greet events await!Get ready for some groundbreaking changes at the Mid-Atlantic Tow Show! Carrie shares insights into the revamped raffle process designed to maximize exhibitors' FaceTime with attendees. Learn about the expanded training classes offering crucial knowledge on TEMS training, EV seminars, and level one inspection awareness. Plus, hear the thrilling announcement that PWOF's raffle truck will make its North Carolina debut, giving local towers an exciting chance to win big. Don't miss out on the details about the highly anticipated Drive Shack event and how you can register for it and other activities through the Tow and Recovery Professionals of North Carolina's Facebook page.We also delve into the myriad opportunities available within the towing and recovery industry. From selling vehicles through Copart and utilizing Towbook for efficient vehicle management to the short and long-term solutions offered by Wrecker Rentals, we cover essential resources to keep your business running smoothly. Additionally, don't miss the upcoming reverse raffle with major prizes and the annual beauty contest for trucks—early registration is key! Finally, we wrap up with a heartfelt prayer, expressing gratitude for the dedication and safety of first responders in the industry, and look forward with excitement to the Mid-Atlantic Tow Expo.
On this episode we talk about a recent memo, What is a Great Business? Other Memos Mentioned: The Consumer's Hierarchy of Preferences: The Other Side of the Consumer Value Prop For full access to all of our in-depth research reports, become a Speedwell Member here. -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:53) Observing versus Creating a Great business (6:07) Great Businesses through the lens of The Consumer's Hierarchy of Preferences (8:27) Pressure Cooker Metaphor (15:15) Is Reinvestment Runway a Criteria? (23:03) Moats and Copart (27:30) CHOP and Disruptions (30:44) Nintendo (34:35) Where does the Surplus Lie? (41:13) Walker & Dunlop (45:54) Conclusion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
This week on Never Stop Driving Larry has Freddy "Tavarish" Hernandez on the podcast. You may have heard of Freddy from his absolutely insane YouTube project where he acquired *the* hurricane soaked, salvage title McLaren P1 and is currently going down the long, long, long road of bringing it back to life and getting it back on the road. If you've ever looked at the Copart website late at night wondering "what if," rest assured, Freddy has done the same and then followed through on it. Freddy was also featured in the most recent issue of the Hagerty Drivers Club magazine and that article can also be found on the Hagerty Media website here: https://www.hagerty.com/media/people/how-freddy-tavarish-hernandez-built-a-youtube-exotic-repair-kingdom/ Join the Hagerty Drivers Club! https://www.hagerty.com/drivers-club/ About the pod: the Never Stop Driving podcast is available on Itunes, Spotify, and YouTube. Like this newsletter, it's free to everyone because one of Hagerty's goals is to spread car passion. On the show, we'll cover a wide range of automotive topics, including interviews with the people doing the most interesting work in the car world. I expect it to evolve over time so your feedback is welcome. Please give it a listen and help us spread the word with a positive rating and share it.
Can CX really double your revenues? Is your C-suite looking for the value of investing in CX? Great questions! And my guest on this episode of the All Things Considered CX podcast has the answers! Greg Tucker, CCXP is CEO of Tucker & Company, a Customer Experience advisory firm working with global leaders to develop on-brand customer experiences that drive breakthrough business results. His clients include Oracle, Microsoft, DocuSign, Wells Fargo, GE, AT&T and PepsiCo. He has been a leader in the CX community, receiving the CXPA Innovation Award, named a Who's Who of CX and a CX Expert as well as CIO Review's Most Promising Customer Experience Management Service Provider in 2023. Mr. Tucker has an MBA from Stanford University's Graduate School of Business and led the CX role as part of the C-Suite at AAA and Copart. His research on generating CX revenue and demonstrating the value of investing in CX will inspire you! Brought to you by CX of M, CX of M radio, and InnovativeCX. Also available on YouTube @MSUCXM.
El responsable de renta variable en Bolsa General analiza las acciones de Autozone, Copart, Gamestop o Apple en Mercado Abierto
In this conversation, Steve Love, a seasoned CFO with over $1 billion raised from VCs and $2 billion in M&A transaction experience, pulls back the curtain on high-stakes M&A. Love shares his insights from overseeing complex acquisitions like Heap's purchase of a complementary "session replay" company and Heap's eventual sale to ContentSquare. He candidly discusses navigating challenges, aligning stakeholders, prepping for diligence, and making strategic M&A decisions as a CFO. Whether you're a CFO, finance professional or simply M&A-curious, Love's tactics for evaluating targets, modeling forecasts, negotiating terms, and executing integrations provide a rare behind-the-scenes look at what it really takes to architect successful transactions. SPONSORS:
In this wide spanning interview episode we talk with Best Anchor Stocks' Leandro on investment philosophy, quality businesses, Nintendo, Deere, Copart, Hermes, and much more! Find out more about Best Anchor Stocks here, follow Leandro on Twitter @Invesquotes and Best Anchor Stocks Podcast can be found here. -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:16) What Characterizes a Good Business? (6:15) Multiples, Implied Valuation, Reverse DCF (26:00) Great Companies and Valuation, Copart, Constellation Software (35:32) Nintendo and Deere, Transitioning Business Models (49:01) Hermes, Durability, Ferrari, Rolex, and Luxury (1:15:12) A Good Business versus a Good Investment (1:18:05) Book Recommendations (1:22:58) Conculsion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
How do you navigate the tide turn when your competitor collapses during one of the biggest banking crises in recent history? In this conversation, Sasha Orloff sits down with Immad Akhund, founder and CEO of Mercury*. Immad pulls back the curtain on the chaos and critical decisions made when Silicon Valley Bank fell. From mobilizing an all-hands effort to rapidly onboard new customers to developing new product features virtually overnight to instill confidence, Immad provides an unvarnished look at crisis management and steadfast leadership during turbulent times. He also shares insights on Mercury's customer-first approach to building, how rising interest rates transformed their business model, and how he thinks about investing in new product initiatives by allocating internal resources like venture investments. *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC. --- SPONSOR: Attio is the next generation of CRM. It's powerful, flexible and easily configures to the unique way your startup runs, whatever your go-to-market motion. The next era deserves a better CRM. Join ElevenLabs, Replicate, Modal and more at https://bit.ly/attioturpentine --- Recommended Podcast: Company Breakdowns Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. Profiled this season: Databricks, Reddit, Twilio, Copart + more. Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJ Apple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197 --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We're launching new shows every week, and we're looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co. --- LINKS: https://mercury.com/ --- X/SOCIAL: @sashaorloff (Sasha) @Immad (Immad) --- TIMESTAMPS:
On this episode we talk Floor & Decor, Copart, and their 1Q24 results. Check out our full company episodes on Floor & Decor and Copart below if you haven't already! Floor & Decor Company Episode: Apple Spotify Copart Company Episode: Apple Spotify (Note Copart's latest quarter is fiscal 2Q, but ends Feb. 27) -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (0:47) Floor & Decor Update (17:58) Copart Update (39:06) Conclusion -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
echtgeld.tv - Geldanlage, Börse, Altersvorsorge, Aktien, Fonds, ETF
Autonomes Fahren, Elektroautos, Robotaxis, Hybrid-Antrieb, Carsharing, Ridehailing: Die globale Mobilitätswende ist ein Billionen-Geschäft. Wer dabei mitmischen, aber nicht auf einzelne Technologien, Marken oder (Hallo, Tesla-Bubble) Religionen setzen will, kann sich auch den kompletten Sektor ins Depot legen. Im Global Automotive Innovators ETF bündelt WisdomTree die weltweit 100 wichtigsten Auto-Hersteller, Zulieferer, Servicefirmen und Mobilitätsprovider. Tobias Kramer und Christian W. Röhl stellen den Fonds vor und werfen einen Blick auf drei Einzelwerte – einen deutschen Dividenden-Stern, einen wiederauferstandenen Dinosaurier aus den USA und eine Plattform, die beweist: Auch in der zyklischen Auto-Industrie gibt es mächtige Compounder, die einfach kontinuierlich wachsen!
https://linktr.ee/offroadpodcast This episode of the Off Road Podcast is Sponsored by Colby Valve. Tonight, Aaron squeals, Coy teaches his dog to fly, & Ben Recovers a jeep Welcome to the off-road podcast. A podcast about everything off-road. We cover the news, review products, and interview people in the off road industry. Your hosts tonight […] The post Off Road Podcast 455 – Hypothetical Rigs from Copart appeared first on Firearms Radio Network.
https://linktr.ee/offroadpodcast This episode of the Off Road Podcast is Sponsored by Colby Valve. Tonight, Aaron squeals, Coy teaches his dog to fly, & Ben Recovers a jeep Welcome to the off-road podcast. A podcast about everything off-road. We cover the news, review products, and interview people in the off road industry. Your hosts tonight […] The post Off Road Podcast 455 – Hypothetical Rigs from Copart appeared first on Firearms Radio Network.
Copart's Q2 2024 earnings call, unedited
The stock market suffered significant losses Tuesday following hot CPI inflation and negative reactions to key earnings reports. Many leading stocks rebounded from key levels, but market breadth was very weak. Shopify sold off on earnings while Copart and MercadoLibre held up reasonably well.
On today's episode, Clay shares his biggest takeaways from reading billionaire Willis Johnson's book – Junk to Gold. Willis Johnson founded Copart in 1982, and today he is worth over $2.6 billion through his equity ownership in the company. Copart is one of the most impressive businesses we've studied. Over the past 30 years, the stock has compounded at over 21% per year, outperforming Microsoft, Adobe, and the majority of other stocks. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 08:15 - The key experiences in Willis Johnson's early life that shaped him. 12:18 - How Willis thought about money and building a business. 14:44 - Willis's experience fighting in the Vietnam War. 24:51 - What he learned from chasing his dreams and building a successful company. 42:08 - The story of Jay Adair dropping out of college to work with Copart. 45:24 - How Willis sold Wall Street on lending him money to grow and take his company public. 52:01 - What sets Copart apart from the majority of other companies that exist. 54:19 - How Copart strategically utilized technology to grow its business. 01:14:09 - Copart's four major competitive advantages. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Leandro's blog: Best Anchor Stocks. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Episode Mentioned: TIP593: Elon Musk by Walter Isaacson | YouTube Video. Episode Mentioned: TIP549: 2 High-Quality Compounders | YouTube Video. Follow Clay on Twitter. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Linkedin Marketing Solutions NetSuite Fidelity Shopify Toyota TurboTax Babbel American Express Business Gold Card Fundrise Vacasa HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
In this episode of The Synopsis we read a Speedwell Research memo from our backlog. If you prefer to read instead of listen to the memo, you can find access to the article below. This weeks article is 10 Lessons from Copart's 40 Years in Business: Learning from Willis Johnson and Jay Adair Article Link: https://speedwellsnippets.substack.com/p/10-lessons-from-coparts-40-years -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) – Intro (0:55) – Memo Reading Starts (20:30) – Closing Comments -*-*-*-*-*-*-*-*-*-*- Purchase Speedwell's Copart Report Here: https://speedwellresearch.com/2023/05/22/copart-deep-dive/ Gain access to Speedwell's Extensive Research Reports, Models, Company Updates, and more by purchasing a Speedwell Membership: https://speedwellresearch.com/subscribe/ Speedwell's free newsletter: https://speedwellsnippets.substack.com/ More on Speedwell: https://speedwellsnippets.substack.com/p/speedwell-research-process-and-philosophy Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Nothing in this podcast is investment advice nor should be construed as such. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
The megacaps were down but strength was found elsewhere including chips and industrials. Copart broke a downtrend getting support at the top of a flat base. Applied Materials got support at its double bottom entry and broke above a downtrend in a handle. Finally, Snowflake is on the verge of breaking out of cup with handle.
Copart Inc's Q1 2024 earnings call, unedited
Machinery Pete talks fast-moving changes in the auction industry with recent notable consolidations and rapid technological advances. Pete chats with Aaron McKee, Founder/CEO of Purplewave.com, a long time leader in the online only auction space, about their big news last month (Oct. '23) of a new partnership with Copart, Inc., a worldwide leader in the online auto auction space. [:35] - Machinery Pete's talks consolidation [11:06] - Interview with Aaron McKee begins [11:45] - Purple Wave and CoPart's partnership [15:25] - Finding the right sellers to work with [20:24] - Early days of Purple Wave [26:03] - Why Purple Wave believes in no-reserve auctions [34:27] - Helping people make big decisions [47:09] - How Aaron got into the auction business [59:04] - Final words from Machinery Pete Machinery Pete was founded in 1989 and has grown from its humble beginnings to a full-fledged marketplace for farming equipment. Greg Peterson, founder and host, has also released Machinery Pete content across platforms including YouTube with his long-running Machinery Pete TV show.If you'd like to receive new episodes as they're published, please subscribe to the Machinery Pete Podcast in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.
This is Stephen Schmidt from the Gazette Digital News Desk, and I'm here with your update for November 14, 2023.It will be increasingly cloudy and warmer on Tuesday. According to the National Weather Service there will be a high near 67 degrees in the Cedar Rapids area. The low will come in around 43 degrees.Police released the identities of the two pedestrians hit by a car Sunday as they were crossing Memorial Drive SE in Cedar RapidsBonnie Stover was killed Sunday afternoon just outside of her home by a driver police say was drunk and fled the scene. Shawn Stover, her husband of 35 years, was also hit in the roadway and was hospitalized for his injuries.Members of the Stover family told the Gazette that Bonnie Stover worked at Linn Area Credit Union and volunteered at various organizations throughout Cedar Rapids“She does not deserve this. She seriously was like a saint. I've always said that she was like a saint on this earth. She was the nicest person,” said Molly Stover, one of her daughters. Police said the crash was caught on video surveillance and they were able to identify the sport utility vehicle involved. Investigators found it parked about a mile away, at the home of Kyle Kubite, 45, of 2232 Pine Ave. SE.Kubite was arrested on counts of vehicular homicide while intoxicated, leaving the scene of a personal injury accident and leaving the scene of a fatality accident. He remained Monday in the Linn County Jail.Local auto salvage company Sunline has cleaned out its property on Sixth Street SW and moved hundreds of cars onto the Hawkeye Downs parking lot, making way for the old property's sale to Copart, an insurance auto auction.Roger Cassill, owner of both Hawkeye Downs and Sunline, said Monday he sold the old 40-acre Sunline property at 4400 Sixth St. SW to Copart to be one of its major locations in the Midwest. Copart currently has Iowa locations in Des Moines and Davenport. The sale closed Oct. 31, Cassill said, after the process started about a year ago.The rezoning took place as Hawkeye Downs looked to refresh its property and explore new ways to draw residents and visitors to the racetrack. It has received thousands of dollars from the city over the years through hotel-motel tax funds the city reaps from overnight guests — for instance, $35,000 last November.The city also in 2022 awarded the organization $50,000 in federal American Rescue Plan Act funds as part of money given to nonprofits to support recovery from the COVID-19 pandemic.Cassill said there are plans going through the architectural stages for the front side of Hawkeye Downs, on the northeast side of the property. There are plans to develop the land with multiple buildings and a new expo center “to dress that up,” he said.
This episode features an interview with Scott Booker, Chief Customer Officer at EasyPark Group, a leading global parking tech company with the vision to make cities more livable. Scott has extensive experience in leading large organizations in travel, retail e-commerce, and the consumer marketplace. He is the former President of Hotels.com Worldwide and Chief Marketing and Product Officer at Copart. And on this episode, host Larry Fleischman and Scott discuss how he built a loyalty program at Hotels.com, creating different customer experiences for new customers versus loyal ones, and making an experience so easy and simple that customers don't need to call in for support.Quotes*”If you don't disrupt [the industry] yourself, somebody's going to do it for you. And that's what Hotels.com was doing in the hotel space. They were disrupting. And I wanted to be a part of that.”*”It's always cheaper to keep a customer than it is to go acquire a new one. How do you treat a new customer through customer service versus an existing one? Should they have a different service? We decided we would create a separate call center environment, customer experience environment, for those loyalty customers. They got a special number, they got special treatment. We would send out gift bags for our most loyal customers so that they felt like they were a part of something bigger.”*”It's okay for customers not to have to call in. The best experience is the experience where it's so easy and simple that they don't need to call in. I think over the last 10 years, I've learned in my career how to build the most amazing experience where you don't need somebody to call in.”*”If we can make it super easy for the consumer, then we're helping the city improve the flow of traffic through the city. And we're making it so much easier for somebody to live in that space because they can use a mobile app with ease.”*”We need to fail fast and learn from it. How do we put something out there in an A/B test fashion without too much exposure so it doesn't risk the business, but in a way that we can test it on a micro level and understand what the impacts are?”Time Stamps[1:23] Introducing Scott Booker, Chief Customer Officer at EasyPark Group[3:26] Learn about Scott's background and path to CCO at EasyPark Group[6:17] Hear about Scott's first job out of school at Accenture[7:12] What did Scott learn about customer experience while at Blockbuster?[12:49] How did Scott fundamentally shift the CX at Hotels.com to drive growth?[20:36] How did Scott create the loyalty program at Hotels.com?[25:56] How do you create a low- or no-touch customer experience?[31:33] What's Scott's take on striking a balance between automation and human interaction in the customer experience?[34:02] What's Scott's appetite for risk? And how does he handle change management at speed?[37:02] What's in the future for EasyPark Group?BioScott Booker is Chief Customer Officer at EasyPark Group. He has held leading positions at large scale, digital marketplaces. Most recently at Copart, the number one global leader in online vehicle auctions. Prior to Copart, Scott had several leading roles at Expedia Inc., one being President of Hotels.com, where he led the company's rapid global expansion. Scott also has profound experience developing transformational growth strategies.Thank you to our friendsThis podcast is brought to you by HGS. HGS is a digital customer experience leader dedicated to delivering winning customer interactions at scale that are prompt, personal, and positive. We continuously transform, optimize, and grow enterprises to exceed ever-rising customer expectations. HGS provides our clients with the right talent and technologies needed to champion every moment. Learn more at hgs.cx.LinksConnect with ScottLearn more about EasyPark GroupConnect with Larry on LinkedInCheck out HGS
If Honda is going to survive in club racing in the "mid term" the 10th Gen Civic Si is going to have to carry the torch! I sit down with Jasper Drengler to discuss the basics... and weaknesses/strengths of the car. Jasper has build a TCA legal 10th gen, not from a body in white, but form a CoPart flood car and raced it successfully. If you like what you hear... rate, review, download, and share the episode!
A look at the strategy a year on and why we think valuation should be more top of mind for investors. Highlights: Influence of big tech stocks on the U.S. market and associated impacts to the small and mid cap space The AI theme continues—Elastic, Concentrix, Moderna Why is the U.S. market more expensive compared to its developed market peers? Regional banks—what happened, the current state, and opportunities (e.g., First Citizens Bank) Identifying potential economic themes through a bottom-up lens—Insperity, Dollar General, XPEL Some of the recent main performance drivers for the strategy—Winmark, Copart, Verisk, FLEETCOR, Global Industrial, Donnelley Financial
In this podcast on Copart, Speedwell Research covers everything from Founder Willis Johnson's early business career to the industry dynamics, and how Copart became the global, salvage marketplace auction leader. Investors can learn a lot from Willis Johnson's early business intuition and movement from the lowest wrung of the salvage vehicle value chain as a liquidator to ultimately a critical service provider for insurance companies. We draw on Speedwell's 85 page report, released in May 2023, to teach not just about Copart's business, strategy, and formidable competitive advantages, but also to parse out cultural factors that distinguish truly great companies. We hope you enjoy! (Please note that about 1/3rd into the podcast, the sound quality periodically declines. It then improves towards the last 1/3rd of the podcast. We apologize for this and have identified the issue for future recordings.) -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (2:19) Willis Johnson Background History and Early Career (9:19) BTS Auctions: The Beginnings of Copart (14:12) Changing the Business Model to Align Incentives (17:57) How Jay Adair was Introduced to Copart (18:40) Copart's Early Expansion (24:09) Experimenting with Internet Auctions in the 90's (29:43) CAT Events and Copart's Ethics (38:33) Industry Overview (50:23) IAA History, IPO, Private Buyout, Merging with KAR, Spin-off, and Ritchie Bros Acquisition (1:07:26) Copart vs IAA, Competitive and Cultural Differences, Market Share (1:24:06) Financials (1:27:12) Capital Allocation, Growth Assumptions (1:30:58) ROIC and variations compared to IAA (1:34:00) International, Details on How the German Market is Different, Barriers to International Growth (1:45:27) Other Business Initiatives (1:51:22) Growth Expectations and the Reverse DCF (1:53:40) Risks, Autonomous Vehicles -*-*-*-*-*-*-*-*-*-*- Purchase Speedwell's full ~22,000 word CPRT report here: https://speedwellresearch.com/2023/05/22/copart-deep-dive/ Speedwell's free newsletter: https://speedwellsnippets.substack.com/ More on Speedwell: https://speedwellsnippets.substack.com/p/speedwell-research-process-and-philosophy Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. At the time of publishing, one or more contributors to the podcast had a position in CPRT. Furthermore, accounts one or more contributors advise on may also have a position in CPRT. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
This is Matt Reustle and today we are breaking down the vehicle auction giant, Copart. You may be unfamiliar with Copart but, at the time of this recording, the company has a $40 billion market cap. They operate in over 200 locations across the globe and they sell north of 3 million cars per year on behalf of their unique customer base. Copart is a unique story in a very concentrated industry where they likely have 50% market share. It's a story defined by evolution. Its founder, Willis Johnson, didn't merely adopt a junkyard mentality. He was born into it, molded by it. To break down Copart, I'm joined by Adam Mead, CEO and Chief Investment Officer of Mead Capital Management. We cover all the angles of this unique industry giant. Please enjoy this breakdown of Copart. Access Adam's Copart writeup for free here. Choose the October 2022 Copart issue and use the code "Breakdowns" for 100% off. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by Tegus, the modern research platform for leading investors. Tired of running your own expert calls to get up to speed on a company? Tegus lets you ramp faster and find answers to critical questions more efficiently than any alternative method. The gold standard for research, the Tegus platform delivers unmatched access to timely, qualitative insights through the largest and most differentiated expert call transcript database. With over 60,000 transcripts spanning 22,000 public and private companies, investors can accelerate their fundamental research process by discovering highly-differentiated and reliable insights that can't be found anywhere else in the market. As a listener, drive your next investment thesis forward with Tegus for free at tegus.co/patrick. ----- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt | @domcooke Show Notes (00:02:32) - (First question) - An overview of Copart (00:04:16) - The size and scope of the market (00:04:52) - The process of a vehicle entering into Copart's system (00:06:36) - The other side of the marketplace, who buys from Copart (00:08:16) - Selling cars whole or dismantling and how this has changed from the early days of the business (00:09:55) - An overview of Willis Johnson's career, forming Copart and his involvement today (00:13:26) - The financial structure of the business in the early days (00:14:59) - Copart's differences from the competition (00:18:42) - Biggest drivers of supply. Accidents, natural disasters, wear and tear (00:22:12) - Cashflow flow through, the economics for Copart (00:24:08) - Associated costs with regards to the sale and movement of vehicles (00:26:12) - Average inventory numbers throughout the year (00:27:32) - The margin profile of the business on a normalized basis (00:29:29) - A breakdown of the CapEx budget on a yearly basis (00:33:42) - The major drivers of growth for Copart (00:37:16) - The buyback history, stated goal and philosophy on dividends (00:38:38) - Historical and potential future risks to the business (00:42:00) - The insurance companies' opinion of the business, net positive or net negative (00:43:37) - The framework investors use when valuing this business (00:47:17) - Lessons learned from the research and analysis of Copart Learn more about your ad choices. Visit megaphone.fm/adchoices
大家週五愉快！ 合作邀約請聯繫：onthewaytowork2020@gmail.com 如何開啟Podcast訂閱服務: https://tinyurl.com/yerxluu8 Patreon訂閱往這邊走： https://www.patreon.com/onthewaytowork IG: @onthe_waytowork https://www.instagram.com/onthe_waytowork/ 日常生活IG: @onthe_way.daily Powered by Firstory Hosting
It's a sad day. The Daily Motor Podcast is going on hiatus as Charlie has decided to move to California. The guys appreciate all of you tuning in for over a year now to hear silly takes on cars, casual food reviews, and enthusiasm about clapped CoPart cars. This week, Chris and Charlie recap their time in the 2023 BMW i7 and 2023 Volkswagen Taos SEL and preview their time with the 2024 Chevrolet Silverado 2500 HD Duramax. Oh and they finally eat the All Bran! Enjoy!Support this podcast at — https://redcircle.com/daily-motor-podcast/donations
A rare opportunity to hear from one of the brightest business minds in the WORLD. From towing company, to global $38B enterprise… this is the story of Copart and Jay Adair who became president at the young age of 26. Copart had 30 employees at the time… it has 9,000 today! If you invested $1,000 in Copart when it went public, it'd be worth $360,000 today. Throughout the conversation, Jay details: -Building a team that's better than you -The importance of generosity & purpose -Not letting age hold you back from your goals (21:20…this resonated!) -Sitting down with Mr. Ferrari (16:00)Jay is an incredible human, and I hope you all enjoy his wisdom, humor, and kindness. As always, please share what you think! @PermissionToShine_
Chris and Charlie drove a ton of cars in the last week. And they don't really feel like talking about any of them. But because they like you so much, they will anyway, although only while they're stuffing their faces with food. This episode recaps their time with the 2023 Kia EV6 GT as well as a host of other vehicles. They've been so busy that they didn't even have any good CoPart cars. Sad :( Enjoy!Support this podcast at — https://redcircle.com/daily-motor-podcast/donations
It's a good thing Chris and Charlie recorded this when they did, because DM HQ lost power about five minutes after they finished! In this episode, Chris battles hunger to tell you all about his time in the 2023 Genesis G90. Charlie briefly reminisces on his time in Hawaii with the 2024 Toyota Tacoma and 2024 Toyota Grand Highlander, but Chris didn't seem too interested, so they quickly moved on. From there, they previewed the cars for this week, including a 2023 Kia EV6 GT, 2023 Nissan Sentra SR, and a 2023 Volkswagen Golf GTI SE 6MT. A little CoPart at the end and then Chris runs off to go...well, run. Enjoy!Support this podcast at — https://redcircle.com/daily-motor-podcast/donations
https://konigwheels.com/wp-content/uploads/2023/05/Wheel-Wednesday-203.mp3 The post Buying A Salvage Title On CoPart? || Behind The Wheel Podcast appeared first on Konig Wheels.
Copart, Inc. (CPRT) is an online vehicle auction and remarketing company that provides a platform for buyers and sellers to transact vehicles, with a focus on salvage vehicles and parts. Listen as Brett and Ryan ask questions about the company, its business model, and valuation. Enjoy the show! ***************************** Want updates on future shows and projects? Follow us on Twitter: https://twitter.com/chitchatmoney Subscribe to our Substack to receive free show notes and charts that go along with every episode: https://chitchatmoney.substack.com/ Interested to see more of Leandro's work? Check out their Twitter here: https://twitter.com/Invesquotes?s=20 Contact us: chitchatmoneypodcast@gmail.com Timestamps Copart | (2:08) Customers | (13:22) Stock Buybacks | (47:32) Disclosure: Chit Chat Money hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Brett Schafer and Ryan Henderson are general partners and portfolio managers at Arch Capital. Arch Capital and its partners may hold securities discussed on this show.
On today's episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries.Both companies have strong competitive advantages, strong fundamentals, high insider ownership, and managers who think and act like owners, which led Clay to researching them further during this episode.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.02:05 - Clay's biggest takeaways from reading 100 Baggers by Chris Mayer.07:00 - Chuck Akre's 3 legged stool approach to compounding wealth.09:00 - Clay's assessment of Topicus as an individual stock.08:00 - Topicus's history as a business.10:00 - Why Topicus operating in Europe is potentially a big competitive advantage.29:00 - Why Copart is well-positioned to prevent competition from taking their market share.47:00 - Copart's insider ownership.54:00 - Potential risks for Topicus and Copart.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESLuxor Capital's Presentation.Willis Johnson's book Junk to Gold.Check out our newly released TIP Mastermind Community.Check out our recent episode covering Mark Leonard's Letters and Constellation Software or watch the video.Check out Clay's YouTube video calculating the intrinsic value of Constellation Software here.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.If you're into marketing podcasts that walk through how successful entrepreneurs, politicians, and influencers have convinced and persuaded people, then you should give Nudge, hosted by Phil Agnew, a listen!Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Discover the leading community for engaged investors, and the best source of investment analysis and opinion with Seeking Alpha. Listeners get a special deal: Alpha Picks for $99 + 1 month of FREE Seeking Alpha Premium!Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Unravel the fascinating story of Elon Musk's unexpected bid to buy Twitter, and all of the drama that has happened since then with Flipping The Bird: Elon vs. Twitter.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No jokes. Not funny. This is a serious episode about serious cars. Chris and Charlie enjoy some San Pellegrino while discussing their time with one of their favorite test cars of all time, the 2023 Volvo S60 Recharge Ultimate Black Edition, and a decent test car, the 2023 BMW X1. Then they spill the beans about the 2023 Mitsubishi Outlander PHEV SEL that they're testing. But at least they have the all-new 2023 Honda Accord Hybrid Touring to look forward to. Oh and Chris has some good CoPart finds. Enjoy! Support this podcast at — https://redcircle.com/daily-motor-podcast/donations
BIO: Shreekkanth (“Shree”) Viswanathan is the founder and portfolio manager of SVN Capital, a Chicago-based, concentrated, long-only, global equity-focused fund.STORY: Shree's biggest mistake is an error of omission. That is, after studying a particular business, he decided not to invest in it for various reasons. The stock turned out to be a multi-bagger a couple of years later.LEARNING: The qualitative strengths of a company are not always readily apparent in the financials. Get out and work in business; it will make you a better analyst and investor. “If you don't know who you are, the market is an expensive place to find out.”Shreekkanth Viswanathan Guest profileShreekkanth (“Shree”) Viswanathan is the founder and portfolio manager of SVN Capital, a Chicago-based, concentrated, long-only, global equity-focused fund.After graduating from the University of Chicago, Shree worked as an investment banker for a few years before moving over to the buy side. Shree describes his investment style as Value investing with a Quality overlay.Worst investment everBack in 2009, Shree was working as an analyst in Chicago. As the economy struggled to come out of the real estate-centered malaise, Shree studied a company called Copart Inc. Copart is the largest salvage yard company in the US. Its business model is pretty simple. When a vehicle on the road gets into an accident, it's hauled to a salvage yard. The insurance company covering that vehicle will quickly decide if they will pay the policyholder for repairs or total the vehicle and send it to the salvage yard. For various reasons, more and more insurance companies send damaged cars to the salvage yard.At the salvage yard, these vehicles are auctioned, and buyers will buy them to get parts, fix up their cars, or pull the parts and sell them. So, in any case, Copart is the middleman and gets paid from both sides.From its early days, the founder, Willis Johnson, had decided to own the land on which the salvage yards operate instead of leasing it. Given that real estate was the epicenter of the 2008/9 financial crisis, many businesses were cheap. Shree had been studying Copart and was impressed by the price. The market cap was about US$350 million. At that price, Shree would be paying for just the land in all the salvage yards that the company owns (about 140 yards around the country). He'd be getting the operations for free. That was the hypothesis Shree was working off. He did more research and then concluded that he wasn't only paying for the land at that price.After reaching that conclusion, Shree decided to move on. There were lots of other options. Over time as the economy improved and Copart's earnings and cash flow improved, the stock price reflected that improvement. Shree was just on the sidelines, watching the stock go up. By 2020, the stock was up 10x from 2009.Lessons learnedThe qualitative strengths of a company are not always readily apparent in the financials.Try understanding the strengths of the management teams of the companies you intend to invest in.Andrew's takeawaysGet out and work in business. It will make you a better analyst and investor.Actionable adviceInvesting is an individual sport, and we each have to play to our strengths.Shree's recommendationsShree recommends finding ways that help you get the vision, courage, and patience to invest.No.1 goal for the next 12...
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