CPRT The winner when you crash

Copart, The junk car auctioneer, If you ever totaled your car and wondered where it went 80% chance it went to Copart or its rival IAA.Copart is the biggest insurance salvage vehicle auction with over 10,000 acres of land while maintaining a -5.1 billion in net debt.They handle everything from towing to the auction all while maintaining a 34% net profit margin. Their financial dominance is brought in by service fees.Copart simply put is a middle man handling totaled cars from insurances to auctioning them off to consumers. Owning over 90% of their land with over 200 locations in the USA alone. Anyone can own land yes but not anyone can get zoning permissions from major cities.  Copart isn’t an old giant trying to adapt they moved to internet auctions back in 2003 currently bringing in over 11 millions visitors a month.With over 5 billion in cash and roughly 100 million in debt Copart is in a good position to make the next big investment. Total loss happens 23% of all insurance claims with new cars having more and more sensors and expensive fancy stuff that makes cars cost an extra 20k”. Copart is attempting to move in the "blue car" sector. Basically they're trying to take customers from Adesa and other auctions by targeting banks, finance companies, and rental car agencies. Jeff Liaw stated that international buyers pay 38% more and will use this to convince them to use them instead of traditional auctions. By taping into the clean title side of cars they can gain more in fees on percentage based. Clean titles will also protect copart if people some how start driving safe or cars get cheaper. CPRT Stock is down from ATH in the 60s currently trading in the low 40s with a pe of 25. I know some of y’all don't consider this a value stock, but over 5 billion in cash holding I expect them to make a move soon enough. Scares of competitors don’t worry me too much considering IAA leases 90% of their having to spend over 230 million a year on land it will never be as profitable as Copart.”Boring stock” with good fundamentals as long as they can get keep buyers copart will thrive in the long run.