Q: Based on the recent quarter results and comments going to 2029, would you switch to Copart for the long term?
5i Research Answer:
We would be OK with a switch, though we would not be overly worried on BYD. Despite cautious comments, we think its three-year future looks better than the current outlook, as it works though its new growth plans. But CPRT is significantly larger and cheaper, and likely safer in the current uncertain environment.