Copart (CPRT) Clears A Key Deal Hurdle, Is It Still A Bargain?

Copart (CPRT) is back in focus after the expiration of the Hart Scott Rodino waiting period for its pending acquisition of ACV Auctions, which cleared a key regulatory hurdle for the cash tender offer. Copart’s share price has come under pressure, with a 1 month share price return down 17.21% and year to date share price return down 30.45%, while the 1 year total shareholder return is down 41.05%. This signals fading momentum even as the ACV Auctions deal moves toward a potential close. Spot...