Posted on November 30, 2020
This week’s effort sports a vehicular underlying, Copart Inc. (NASDAQ:CPRT), online auctioneer of cars and the like – that also sports a NASCAR set of valuations.
Price/Earnings is a funny-car 40.38,
Dividend yield is pit-stop ZERO,
Price to Book is 10.08…
And if that wasn’t enough, insiders guiding the pace car have sold 46.7% of their holdings over the last six months, for a grand total, dizzy sum of $112 million!
Since the Batflu hysteria seized the planet back in March, insider sales have amounted to a speedway record $200 million.
So, too, in the technical realm do things appear racy.
With kind regards,
Hugh L. O’Haynew