CPRT has emerged as a market leader with its all-digital auction platform that is highly regarded in the industry and contributes to auction liquidity – a characteristic that leads to an increasing number of bidders, yielding superior selling prices for its customers and ultimately driving up unit volumes and account wins for CPRT. Strong industry fundamentals support CPRT’s projected growth trajectory with long term trends pointing towards rising total loss frequency. Additionally, CPRT continues to pursue strategic acquisitions to expand into new geographies and new product markets (such as powersports vehicles) representing opportunities for both top line and bottom line growth. Therefore, we have a buy recommendation on the stock with an expected upside of ~23% over a one-year time horizon.

Part of the fund's momentum strategy. One of the best performing companies in the U.S during the last year.

Entering into a long position as part of funds momentum strategy.

Long-short 12 month momentum S&P 500. Equal weight. This stock was on 14.1.2020 at 19.15 (Eastern European) in the top 10 performers of S&P 500 of the past 12 month period. Rank 4.

The stock is one of the best performing stocks of 2019 in Nasdaq. The fund uses momentum investing strategy to generate returns. Best performing stocks are likely to outperform in the future. Long position.